In most marriages, one spouse or the other will be the manager of most of the assets of the parties' separate and community property estates. This “trust theory” has been developed in a long line of cases and provides that the spouse who is managing the assets of the marriage will be treated as a … [Read more...]
7 Ways to Hold Down the Cost of a Divorce Case
Holding Down the Cost of Brokerage and Bank Account Tracings In a Divorce Case I have been called on to prepare separate property claims in or moving through brokerage and bank accounts for over 25 years. There is perhaps one universal truth. Every client is unprepared for how expensive it is to … [Read more...]
Community Property, Separate Property, and Tracing in Divorce
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...]