What Happens to a Family Business During a Divorce in Texas?

By Admin | Published September 29, 2026 | Posted in Family Law | Tagged Tags: community property, property state, separate property | Comments Off on What Happens to a Family Business During a Divorce in Texas?

Texas is a community property state, which means that assets acquired during the marriage are generally presumed to belong to both spouses equally. Under the Texas Family Code (TFC), if your business was created during the marriage, it is likely classified as community property and subject to division. If the business was established before the Read More

Dividing Closely Held Business Ownership in a Texas Divorce

By Brian Tackett | Published September 7, 2020 | Posted in Divorce Law, Family Law | Tagged Tags: closely held business, community property, marital assets | Comments Off on Dividing Closely Held Business Ownership in a Texas Divorce

Aside from the typical property division issues involved in divorce, there may be a business interest that both spouses may be entitled to share. This includes a stake in a closely held company, even if only one spouse is the actual owner. Texas is a community property state, which means that all property acquired by Read More

How Is Community Property Transferred When a Spouse Dies?

By Don White | Published July 10, 2020 | Posted in Estate Planning / Probate | Tagged Tags: assets, community property, dying intestate, inheritance | Comments Off on How Is Community Property Transferred When a Spouse Dies?

In community property states like Texas, most property acquired by either spouse during a marriage is by law jointly owned by both of them. Upon divorce, the community property is evenly split. But what happens when a husband or wife dies while the marriage is in effect? Does the surviving spouse get everything or do Read More

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What Happens to a Family Business During a Divorce in Texas?

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