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February 2019 Archives

Protecting your business in divorce

Being an entrepreneur, and having the freedom to create and control your own business, can be extremely rewarding. However, when your marriage is on shaky ground, it can also leave you feeling vulnerable and exposed - not knowing what will happen to the business in the event of divorce.  This is why it is so important to get information early on in the planning process, so you can make smart decisions about both your business and your divorce.

Prenuptial agreements can address certain issues

Prenuptial agreements present Texas couples with an opportunity to understand each other's financial situation and make decisions about what should happen during a divorce. People who know that they will receive an inheritance often have an interest in separating these assets from the marital estate prior to exchanging vows. Potential income disparities between spouses resulting from one party's choice to forgo a career and stay home to raise children might also be covered by the contract in regards to compensating the unpaid individual in a divorce settlement.

WHAT YOU NEED TO KNOW BEFORE YOU SAY "I DO" IN TEXAS

     When you are married and live in the State of Texas, there are rules that automatically apply to your marriage unless you enter into an formal agreement known as a premarital agreement (before marriage) or marital property agreement (after marriage).  Here is a list of common rules spouses are often "surprised" to learn apply to them:           

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Hargrave Family Law Jennifer S. Hargrave, P.C.

Hargrave Family Law
4201 Spring Valley Rd.
Suite 1210
Dallas, TX 75244

Phone: 214-420-0100
Fax: 214-420-0101
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