Legal Question in Family Law in Texas

Re: Title: Joint Ownership of Property

I noticed that your zip code is for Houston, Texas. I agree with the first attorney, the basic answer is -- of course you can still own the property jointly.

Now the reality is that joint ownership is normally not a good idea. For example, 5 years from now one of you wants to take their 50% a go on a worldwide cruise. If the other party won't sell, you have a problem.

I would urge you to talk to an attorney.

If you have assets, it is worth a little bit of money to make sure you do everything properly.

Good luck!

If you call my office, be sure to let my secretary know that you found me on law guru.com.

There are 3 attorneys in the office and one of us would be glad to assist you.

Fran Brochstein

www.familylaw4u.com

713-847-6000

713-666-0646

Re: Title: Joint Ownership of Property

Short answer: yes.

1. There can be a joint operating agreement,

2. the property can be placed in a trust or

business entity

3. the parties can manage the property or select

a third party to manage it.

All of which sounds great at the beginning. The reality is that once the divorce is final and the parties "get on with their lives" the ability to work together invariably diminishes. Trust erodes. Subsequent litigation is almost guaranteed.

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