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Posts tagged "divorce"

Ending a marriage may result in poor credit

The credit consequences for getting a divorce can vary for Texas residents and others. When a person only has his or her sole income as opposed to a combined marital income, it may result in reduced credit limits. This may result in higher credit card utilization ratios as well as less access to credit that may make it easier to pay for daily or other expenses.

Steps to prepare for divorce

Some couples in Texas might be thinking about divorce in the new year. After all, the beginning of the year is a popular time for spouses to split. That being said, there are several things people should do to prepare for divorce.

Dealing with bitcoin assets in divorce

Texas is a community property state, so when couples get a divorce there, the property they have acquired since the marriage is considered shared property and divided accordingly. While this usually means dividing things like homes and bank accounts, there is also a possibility that one person might have bitcoin investments.

Credit records can be a consideration during divorce

For people in Texas considering divorce, it is important to keep an eye on debts both in asset division and following the end of the marriage. During a marriage, many couples take out joint debt, including mortgages, loans and credit card accounts. Dividing debt and assets from the marriage is part of the divorce process, but it can be easy for bills to fall by the wayside.

Protecting the assets of women entrepreneurs during divorce

For female entrepreneurs going through a divorce, it is difficult enough to separate personal finances and assets. Adding a business to the mix can turn an already complex situation into a nightmare. Texas state law governs how business ownership and entitlement is mediated between spouses, which makes it critical to have a complete understanding of what the business is truly worth in a divorce.

Reasons for and against divorce

Some Texans are unhappy in their marriages and are wondering whether or not they should try to stay together for their children's benefit. In some cases, it might make sense for people to try to work things out. In others, however, getting divorced may be the best option for everyone who is involved.

Risk factors for getting a divorce

Although most Texas couples get married with the intent to stay happily married for the rest of their lives, the fact is that about half of all marriages end in divorce. While there is never 100 percent certainty that a couple will get a divorce, there are several risk factors that have been identified.

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Bruce Turner

In addition to his law degree, Bruce Turner has a master's degree in tax law and is Board Certified in Commercial Real Estate Law by the Texas Board of Legal Specialization.

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Turner, Bruce E.
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Bruce Turner with Bennett, Weston LaJone & Turner, P.C.

Attorney Bruce Turner is located in Dallas and represents people and businesses throughout DFW and the Metroplex, including Denton, Carrollton, Lewisville, Flower Mound, Farmers Branch, Irving, Las Colinas, Corinth, Highland Village, The Colony, Plano, Frisco, Allen, McKinney, Mesquite, Grand Prairie, Garland and Grapevine as well as Collin County, Denton County and Dallas County in Texas.

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