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August 2014 Archives

Protecting separate property in divorce

Texas is a community property state, which means that during a divorce, marital assets are be split evenly between the spouses. However, gifts and inheritances are exceptions to the marital assets rules. These assets are usually considered separate property and do not have to be divided when a divorce occurs. However, there are things spouses may do that will invalidate this protection and make gifts and inheritance subject to an equal division.

Planning for when a business partner dies

Texas business owners who are partners in a profitable company may wonder what would happen if their partner died. If the partner's spouse or children inherited their portion of the business, continued business management may be unchanged, or it may become impossible to tolerate the new partners on a personal level. However, there are legal actions one can take to prevent an unfavorable situation.

More grandparents given custody of grandchildren

Texas grandparents are increasingly becoming the guardians of their grandchildren as are grandparents all over the country. From 2000 to 2010, the number of children being raised by their grandparents doubled. The main reason for this change is that courts are increasingly making an effort to place children with family. It is believed that grandparents can provide children with a more familiar home life than strangers, and that this, in turn, is less disruptive to children.

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