Lawyers, Answer Questions  & Get Points Log In
Questions Answered by Jennifer S. Hargrave
1 Answer | Asked in Divorce for Texas on
Q: In the state of Texas if a husband owns a home prior to marriage and at some point refinances the home does ownership?

Wife & I have been married 9 years 9 months we I have filed for divorce. I owned 3 homes 2 with Mortgages 1 without, when we meet she owned 1 home with a mortgage. we sold all the homes at some point and kept the one home in which I had lived 12 yrs previously. She thinks that she is intitled... View More

Jennifer S. Hargrave
PREMIUM
Jennifer S. Hargrave
answered on Apr 4, 2022

In general, the character (i.e., whether it is community property subject to division or separate property) is determined by your marital status when you acquired the asset, also known as "inception of title rule." Since you were single when you bought the marital residence, it sounds... View More

1 Answer | Asked in Divorce and Business Law for Texas on
Q: I'm going through divorce and own a small business. The business is in my name. Do I have to split the profits with my e
Jennifer S. Hargrave
PREMIUM
Jennifer S. Hargrave
answered on Apr 4, 2022

Congratulations on being a business owner!

The business will be valued as part of your overall estate. The profits generated from your business can factor in to the overall value of your business. How your business is valued will depend on many factors, including the type of business...
View More

1 Answer | Asked in Contracts and Divorce for Texas on
Q: My lawyer send a deed of trust for the house im keeping, but in the deed I'm grantor and the other beneficiary

In consideration it says beneficiary has conveyed the property to Grantor, who as part of the consideration promised to pay the note assumed and to be bound by the deed of trust assumed. Just want to reaffirm that I will keep the property and will not give it to opposing party

Jennifer S. Hargrave
PREMIUM
Jennifer S. Hargrave
answered on Apr 4, 2022

In Texas, there are multiple real estate documents that get filed when one party is "buying" the other party out of the marital residence. This can be confusing because there are several documents that have "Deed" in the title. Here is an overview of what you need to know when... View More

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.