Community and Separate Property Texas has adopted the community property system. Only eight other states have such a system: California, Arizona, New Mexico, Louisiana, Washington, Idaho, Nevada and Wisconsin. Under the community property system, all property on hand at the date of marriage, or … [Read more...]
Unreported Income and Hidden Assets
Unreported income and hidden assets are often alleged in divorce, especially in high net worth cases. Such claims are usually made by a spouse who is either not running the family business or has not been involved with the family finances. Under-reported income can impact child support and spousal … [Read more...]