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Parra Law Blog

How Estate Planning Builds Generational Wealth
Parra Law Firm

Some economists have started to say that there is a new rule that separates economic classes in the United States. Specifically, the biggest differentiator in someone’s comfort and economic stability is typically whether or not they will inherit generational wealth upon the passing of their parents, grandparents or other family members. Those who stand to…

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Preventing Excessive Spending During a Divorce
Parra Law Firm

When married couples in Texas get divorced, their marital debts are divided along with their marital assets. This is why some spouses who fear losing access to financial assets and credit cards spend excessively before their divorces are finalized. This kind of behavior is especially common in states like Texas with community property laws that…

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