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Houston Divorce Law Blog

High-asset, high-profile divorces can be intimidating to some

In some couples, one person is a larger income earner, and has advanced rapidly and far in their fields. The other person, although equally talented and capable might choose to stay at home to raise kids, or not pursue their career so their spouse can take increasing opportunities.

Whatever a couple's situation may be, it can sometimes be intimidating for a spouse who doesn't have as large of a community presence, isn't as influencial in their own career, or doesn't make as much money to file for divorce from their spouse. This can lead to feelings of hopelessness and be very overwhelming for the spouse who wants to get out of their marriage.

Rupert Murdoch to divorce Wendi Deng

Earlier this week, Rupert Murdoch, the billionaire chief executive of News Corp, announced that he had filed for divorce from his wife, Wendi Deng. Experts speculate that he may be in danger of losing ownership of the world’s largest media company. Murdoch’s wealth is currently estimated to be $11.2 billion.

Murdoch married Deng in 1999 and the couple has two young daughters. According to his divorce petition, which was filed in New York Supreme Court, their relationship has broken down irretrievably. The decision to divorce comes as little surprise to those who know the couple, some of whom have described the marriage in the past as “not great.”

Prenuptial agreements need to be made properly to hold up

When a couple is thinking about getting married, they might want to consider entering into a prenuptial agreement first. While many people are reluctant to discuss these documents, they can be very helpful in providing assurances to the couple on what might happen if they are ever to divorce. No one enters into a marriage with the intent that it will end someday, but it can be useful to have a prenuptial agreement just in case.

Many times these documents can be worded to protect both people, and many times each person will have to seek out their own attorney to review their agreement. This might seem like a lot of work, but, as one couple recently found out, not having all the proper paperwork can result in an agreement being invalid. A court of appeals in another state ruled that a couple's agreement was void because the notary did not provide documentation that the identity of the husband was verified.

Texas NBA star seeking divorce

Recently-filed court documents show that San Antonio Spurs star Tim Duncan is seeking a divorce from his wife of 12 years. A spokesman for the team confirmed last weekend that they are divorcing.

The NBA finals will wrap up on June 20. Duncan has asked the judge to postpone the dissolution of marriage until the San Antonio Spurs either win the championship or get knocked out of the running. He filed papers explaining that the organization is “currently making extraordinary demands on him.”

How does divorce affect gifts and trusts?

There are as many different family situations as there are families in Texas. That can make it difficult to determine what financial planning vehicles and state laws are appropriate for your particular divorce or other family law matter. Today we’ll take a look at how revocable trusts are handled in divorce.

There is a Texas statute that automatically modifies trusts after a divorce is finalized. So if your trust bestows some money to your spouse and you then get divorced, that gift is revoked. The same is true of gifts to stepchildren or other relatives of your former spouse.

Watch out for the morality clause in your divorce

A lesbian couple in Texas has been ordered to live apart by a Collin County judge who ruled that one of them is violating the “morality clause” in her earlier divorce by living with another person.

The clause forbids anyone in a dating or intimate relationship with the former spouse, or who is not related to her by blood or marriage, may not be at her residence after 9:00 p.m. when her children are present. Because same-sex couples are not allowed to marry in Texas, the woman’s long-term partner falls into those categories and is being forced to move out.

Is your property safe in your Texas divorce?

Over the past several posts we’ve covered some basics of Texas divorce law, including residency requirements, basic definitions of divorce and the state’s no fault divorce law. In cases of high-asset divorce, whether one or both spouses are high earners, many people’s next concern is whether their financial well-being will be protected during the divorce process.

Each state has its own unique laws governing property division but most fall into one of two camps: equitable distribution states or community property states. In an equitable distribution state , an asset may belong to one spouse, both spouses in different amounts or to both spouses equally. In a community property state, on the other hand, all property acquired by either spouse is community, or shared, property. Texas is a community property state.

Baseball owner's ex-wife contests property division settlement

In Texas, divorcing couples are subject to community property laws when dividing property and assets. This means that most property acquired during marriage is usually subject to being split evenly between each spouse. Assets obtained prior to marriage will likely remain in the possession of the original owner.

One of the most critical pieces of the property divsion process is valuation. In order to split assets equally, couples must get an accurate read on how much each asset or piece of property is worth. This aspect of divorce has proved to be a major sticking point for Frank and Jamie McCourt, the former owner of the Dodgers baseball club and his ex-wife.

Texas divorce FAQs: part two

Last week we answered some basic questions about Texas divorce law, including questions about eligibility, jurisdiction and residency requirements. Basically, any married couple can get divorced in Texas if at least one party has lived in the state - and the county where they wish to divorce - for a certain period of time.

In this post we'll address some more basics, including Texas law on fault, some of the grounds for divorce and how they can affect the outcome.

Texas divorce FAQs: part one

If you are considering getting a divorce in Texas you will likely have a lot of questions about topics ranging from child custody to alimony to paperwork and procedures. While it is usually best to seek professional, personal legal advice for your situation, there are a few basic principles that apply to most Texas divorces.

In our next couple of posts we'll address some common questions asked by Texas couples who are considering dissolution of their marriage.

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