If you have a family business here in San Antonio and you're preparing to get divorced, then you may wonder how it is that you're going to come up with a value for it so that you can appropriately split it up. Coming up with a business valuation isn't necessarily a straightforward process. There are three different approaches that you can use to get answers though.
The end of a marriage usually has signs before it arrives. In some cases, the signs are obvious, and no one is surprised when the marriage ends. In other cases, the signs are very subtle, and you may overlook them entirely until you get divorced and everything suddenly clicks into place.
Do you know how much money you have in your wallet? What about your bank account?
Whether you have your own biological children already or if you are yet to start a family, adopting can be a rewarding and life-changing experience. If you are currently thinking about your future and you are thinking about adopting a child in Texas, you should first take the time to understand the laws in place in the state.
Divorce comes to many marriages in time. You may have felt happy and content on your wedding day, but a lot can change in the years to come. You may appear successful and happy from the outside, making a great living and enjoying life, but your personal relationship may not reflect that.
Before your spouse asks for a divorce, you get a significant inheritance from your parents. You're looking at seven figures. It's enough money that you could retire immediately.
Relationships never end in an instant. They usually go through a process of decline, along with ups and downs, for many months or years. Much of the time, one person in the relationship is holding on to what they want the relationship to be, all while losing sight of the possibility of achieving this.
Different states have different rules for how property is divided in a divorce. States either recognize community property law, or they follow the legal theory of equitable distribution. Texas recognizes community property law.
All divorces are unique. This is because divorce is defined by the dynamic between the divorcing spouses, but also factors such as whether there are children involved and net worth. If you have a high amount of assets in your marriage, the divorce is likely to be more complex than average.
It's often said that the more you have, the more you have to lose. When it comes to high-asset divorces, this is, unfortunately, true, and it is why high-asset divorcing spouses must be especially proactive when navigating the entire process.