If you and your spouse decide to divorce, the subject of assets may be much on your mind, and the family business is going to be one of the main considerations.
According to a survey of married and former spouses by UBS Global Wealth Management, most women leave investing and major financial decisions to their husbands. This can lead to major problems for an older wife in Texas who decides to get a "gray" divorce.
Many married couples in Texas may wonder how their debts are handled after death, especially for their surviving spouse. There is often a significant amount of confusion about the liability a surviving spouse may have for any debt accumulated by their partner before their debt. When a person passes away, their debts are paid from their estate; the money and property they leave behind typically pass through probate.