As a parent, it is understandable that you want to ensure that your children are provided for regardless of age. One of your priorities is ensuring your estate planning goals are in order, and you may ask your Texas estate planning attorney; how do I treat my kids fairly in my will? Unfortunately, there is no one-size-fits-all...
Did you know in Texas, inheritance is considered separate property and not subject to division during a divorce? So, nothing to worry about, right? Well, unfortunately, things are a little more complex. So, if you’re concerned about protecting your inheritance from your spouse, it’s best not to assume you are protected. Therefore, you must ensure...
Estate plans are not only for the super wealthy so they can protect their assets and money. Although it’s difficult to think about what will happen to your assets, home, and children if you pass away. Unfortunately, without a plan in place, there will be long-lasting impacts on your loved ones. However, with the correct...
Recent statistics state that about 11% of marriages end in divorce in Texas. A divorce is a complicated and confusing situation to go through. Understandably, as you begin to finalize your divorce, you want to sign any paperwork to get it over as quickly as possible. Because this document must be followed by law, it...
Did you know that land and household goods are not the only assets that can be divided in a divorce in Texas? Hi, I’m Channa Borman here with straight talk and honest advice about family law here in the Brazos Valley. Today, we’re going to talk about the other assets that can be divided in...
There are many things to think about when going through a divorce. As you worked together in your marriage to plan out your future as to how you would raise your children, where to live, and where to buy a house, put together a retirement plan, a will, combined assets, and healthcare. Now, as you...
Division of Community Property Without an Agreement In a divorce, the properties commonly owned by the spouses shall be divided. But before the court does that, it needs to identify which properties are commonly owned and which are not. It also helps to have an agreement between the spouses as to the division of properties....
How Retirement Benefits are Divided During Divorce? Divorce proceedings are hard enough, but going through your finances can easily add to your stress and anxiety. One of the common properties that spouses tend to have is retirement benefits. Have you ever wondered how retirement benefits are divided during divorce? Retirement benefits are considered as property...
It’s a question I am asked all the time by young adults who are just getting started with their life. Why is having a will so important? When someone dies without a will, their assets are distributed according to a statutory formula that doesn’t specifically take into account their wishes and unique circumstances leaving their...
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