While a rose by any other name would smell as sweet, what about a person? The recently announced divorce between Bill and Melinda Gates has many people wondering if there is value in keeping an ex-spouse’s last name post-divorce, and whether that value should be...
High-Asset Divorce and Property Division
Reasons for getting a postnuptial agreement
Before entering marriage, engaged couples often execute prenuptial agreements as a precaution against timely and costly litigation if they ever divorce. Spouses may also enter postnuptial agreements that handle many similar matters after they marry. Married couples...
How older adults can negotiate property division in divorce
Some older adults in Texas might be considering divorce and wondering how this would affect their financial situation if they are already retired or close to retirement. The first step might be for them to make a list of all their assets and debts. To get a full...
How to approach your intended spouse about a prenup (without killing your romance)
You’re excited about your upcoming nuptials -- but you’re also concerned about the future. What happens if the romance dies quickly after the wedding? What happens if you and your spouse uncover some deep incompatibilities after you’re married? Despite your happiness,...
Credit must be protected in a divorce
A divorced spouse in Texas may find that their credit score has dropped by 50 points or more. However, there's no separate credit grading category for divorcees that causes this to happen. This change in creditworthiness is usually created by the apportionment of debt...
A prenup signed under duress won’t stand
Do not assume that just signing a prenuptial agreement means it is absolutely going to stand up to scrutiny when you get divorced. There are numerous reasons why the court can decide to throw out a prenup and figure out new terms during the case. One of the most...
5 steps to shoring up your retirement after divorce
If you’ve recently been through a divorce, you’re probably ready to put it all behind you. Divorce can be an emotional roller-coaster, and it can also tax your tolerance for detail-oriented financial questions. Take a moment to ensure your retirement plans are still...