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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... Read more »

Jennifer S. Hargrave
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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... Read 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
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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...
Read 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... Read more »

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