One more thing on Property Liability
One more thing on Property Liability – My goal for these weekly blogs has been to break down one family law subject at a time into bite-size pieces that everyone can understand and refer back to when necessary. It is not always easy to do that given the nature of some…
What in the world is property liability?
What in the world is property liability? – We’ve heard of personal liability, which is a financial obligation an individual is responsible for. But what is property liability, and how does it work? As the name suggests, property liability is attached to property rather than an individual or couple. Property can…
Summary of Common Family Law Terms (Vol. II)
Summary of Common Family Law Terms (Vol. II)- Once again, I’d like to take a step back to reflect on several important legal terms and phrases that have popped up as we continue to dive deeper into family law. Some of these have been discussed in broader detail in my…
Modifying management rights over marital property
Modifying management rights over marital property – We’ve discussed a lot over the last two blogs about spousal management rights over marital property, whether it be community or separate property. Now, let’s discuss when spouses need to modify those rights. Spouses can decide to modify management rights either out of…
Who has the right to “Manage” marital property? PART II
Who has the right to “Manage” marital property? PART II – Last week, we learned equal ownership of community property between spouses does not always mean each has equal management rights in that property. Believe it or not, one spouse could have sole authority to manage, control, and dispose of…
Who has the right to “Manage” marital property
Who has the right to “Manage” marital property – As we have learned from Texas community-property laws, each spouse has equal ownership of what has been determined to be community property, regardless of who purchased it, earned it, or acquired it. Like I have said many time before, what is yours…
Characterizing “other” Property Interests
Characterizing “other” Property Interests – Just when you thought there could not be more examples of property characterization, I throw more in. I know, I’ve done four of these blogs on everything from wages to life insurance policies, and it feels like the topic that will never end. But truthfully,…
Characterizing Business Interests
Characterizing Business Interests – Building my family law firm from the ground up has been extremely challenging. It has also been just as rewarding. Like me, all good business owners have poured their heart and soul, and countless hours, into starting something they can call their own – thus building…
Characterizing Life And Casualty Insurance
Characterizing Life And Casualty Insurance – As I have mentioned in previous blogs, there is a method to which all property –including income from various sources – is characterized as either separate or community property. Last week, I focused a blog on characterizing work income. Today, it is Life and…
Characterizing work income
Characterizing work income – Based on what you know thus far about characterization of property, would you say income – whether it be that of your spouse or your own – is separate property or community property? Don’t jump to an answer too fast. Think about it, because not all…