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Division

Married in Another Country Does Not Negate Texas Community Property Presumption

By Lindamood & Robinson, P.C. |

If you and your spouse were married in a different country and you were expecting that country’s laws to supersede Texas law, do not get your hopes up. Under Texas law, all property possessed by either spouse at the time of divorce is presumed to be “community property” (i.e. divided equitably). In 2015, a… Read More »

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divhouse

Community Property Laws

By Lindamood & Robinson, P.C. |

Property that is acquired during marriage is either considered marital property or community property, depending on the state in which you reside. Currently, there are nine states that enforce community property regulations: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin. The remaining 41 other states classify property acquired during a marriage… Read More »

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The Effect Of Divorce On Jointly Owned Businesses In Houston

By Lindamood & Robinson, P.C. |

A number of businesses are jointly owned and operated by husbands and wives. During a divorce, however, couples who might have spent years together building a company can find themselves forced to divide the same company. Sometimes this division of property proceeds with few arguments between a couple, but other times parties argue over… Read More »

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Recommended Ways To Simplify A Houston Divorce

By Lindamood & Robinson, P.C. |

It is easy for couples involved in the divorce process to feel overwhelmed. Although divorces are often complicated and emotionally difficult in nature, there are some steps that individuals can take to greatly simplify the manner in which a divorce unfolds. This article will review some of the strategies that couples can use to… Read More »

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Asset protection during the divorce process

By Lindamood & Robinson, P.C. |

It is not uncommon for a person to be worried about what will happen to one’s assets during divorce. Some people are afraid they will lose everything to their former spouse, thus leaving them in a difficult position. As a result, they opt to stick with the marriage because they don’t know what the… Read More »

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What happens to credit card debt if you go through divorce?

By Lindamood & Robinson, P.C. |

During your marriage, you will accumulate assets with your partner. At the same time, you may also accumulate debt. For some couples, there is more debt than assets. If you decide to move forward with divorce, it won’t be long before you consider the property division process. While your assets are split among both… Read More »

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The division of community property, liabilities

By Lindamood & Robinson, P.C. |

Do you live in the state of Texas? Are you going through a divorce? If so, you realize that there will be many challenges, some of which are based on questions regarding property division. In addition to community property, the court is responsible for dividing liabilities among both parties. For this reason, you should… Read More »

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What happens to retirement accounts in divorce?

By Lindamood & Robinson, P.C. |

As you go through a divorce, you will be concerned about what will happen to each and every asset. While many people pay most attention to the family home and bank accounts, there is something else to keep in mind: retirement accounts. Generally speaking, retirement funds are treated as marital property for the purpose… Read More »

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Artists, art assets, and the divorce process

By Lindamood & Robinson, P.C. |

Artists don’t often look at their work as property. Instead, they consider this a labor of love. It is something they do because they enjoy showing off their creativity. But here is something to consider: Art assets are often taken into consideration during the divorce process. It is easy for artists to consider their… Read More »

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The complexities of property division in divorce

By Lindamood & Robinson, P.C. |

When you go through divorce, it’s not just your emotions that get tied up in knots. You will also face many challenges associated with the property division process. As somebody in this position, it is important to understand how the process will unwind, including the fact that the word “equitable” and “equal” are not… Read More »

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