On Behalf of Tracton Law Firm, PLLC | Sep 27, 2021 | Divorce, Property Division
In Texas, when you marry your partner, all of the earnings and property you come into possession of during your marriage becomes community property. Texas, along with eight other states, follow property laws in this manner. If you are a Texas resident who is currently...
On Behalf of Tracton Law Firm, PLLC | Aug 30, 2021 | Property Division
To secure your business, many airlines offer rewards programs. These programs allow you to accumulate points for every trip you take. You may also accrue points by using your credit card or staying at certain hotels. If you or your spouse travels for work, your miles...
On Behalf of Tracton Law Firm, PLLC | Aug 26, 2021 | Divorce, High Asset Divorce, Property Division
If you have an impending divorce, you are probably worried about many things, not least of which being asset distribution. This phase of the divorce is especially difficult for those with extensive and diverse assets. How can you know which parts of your property the...
On Behalf of Law Office of Michael D. Tracton, P.C. | Dec 13, 2019 | Property Division
The property division aspect of a divorce is something that may be difficult to understand. As a wife who has always stayed at home, you may wonder if your husband may be able to take everything because he earned all the income. Fortunately, in Texas, that is not how...
On Behalf of Law Office of Michael D. Tracton, P.C. | Mar 28, 2019 | Property Division
Whether it is something one obtained during childhood or adulthood, the items one brings into a marriage may not leave the marriage in the event of a divorce. Determining what falls under the category of marital property is not always clear. This is especially true in...
On Behalf of Law Office of Michael D. Tracton, P.C. | Feb 7, 2019 | Property Division
While some spouses may be ready to part ways after a divorce and start their new single life, the process to get from married to single can be complex. This is especially certain if divorcing spouses in Texas and elsewhere cannot agree on the issues at hand. Divorce...
On Behalf of Law Office of Michael D. Tracton, P.C. | Feb 1, 2019 | Property Division
Unless a prenuptial or postnuptial agreement is involved in a marriage, most property and assets are considered to be jointly owned. This means that when the couple decides to divorce, these assets, no matter who they originally belonged to, will be divided among...
On Behalf of Law Office of Michael D. Tracton, P.C. | Jan 9, 2019 | Prenuptial Agreements, Property Division
It may feel like your loyal, furry friend is a member of the family. However, under Texas law, your pet is considered property. This means that, in the event of divorce, your dog or cat can be treated just like furniture and any other possessions-and be assigned to...
On Behalf of Law Office of Michael D. Tracton, P.C. | Dec 13, 2018 | Property Division
Whether dividing assets of a high-net worth Texas couple, or a family of more modest means, there will always be items, which may hold little monetary value, but great sentimental value to one or both spouses. In instances where an asset holds sentimental value due to...
On Behalf of Law Office of Michael D. Tracton, P.C. | Oct 26, 2018 | Property Division
A lot goes into planning for the future. Many individuals in Texas and elsewhere take the time to plan for their future financially. Whether it is to secure a solid retirement or to have something to pass on to heirs, it is common for individuals to take his or her...
