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...
On behalf of Law Office of Michael D. Tracton, P.C. | Oct 18, 2018 | Property Division
The decision to marry requires planning. Even if it is small nuptials, the reality is that spouses need to consider what it means when they join lives as a married couple. For some, having little assets means there is not much to worry about, other than growing a...
On behalf of Law Office of Michael D. Tracton, P.C. | Sep 27, 2018 | Property Division
When couples decide to get married, they join their lives, combining most of their assets and property. While it is common to think what is mine in yours when the marriage is going great; however, when a marriage fails, divorcing couples often think otherwise. Whether...
On behalf of Law Office of Michael D. Tracton, P.C. | Aug 16, 2018 | Property Division
We all have certain visions of our future. Some may be more elaborate than others, but most would not envision a divorce being part of it. Whether an individual in Texas or elsewhere has taken the time to include a prenuptial or postnuptial agreement in a marriage,...
