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Recent Blog Posts
How Does Place of Residency Affect Divorce and Family Law Issues in Texas?
Whether it's where you live or where your child or ex-spouse lives, place of residency is an important issue in divorce and child custody cases.
In fact, before a married couple can get divorced in Texas, at least one of the spouses must have lived in the state for the past six months. The same spouse must also have resided for the preceding 90 days in the county where the divorce petition was filed.
Important to note: a nonresident spouse can still file for divorce in Texas if the other spouse meets the residency requirements.
What about post-divorce relocation with children? Is it difficult or easy in Texas?
Parents with legal custody of their kids may want to relocate with them for a variety of reasons. In Texas, though, courts tightly restrict the rights of parents who want to relocate with their kids.
In general, Texas courts assume two things from the outset in child custody cases: that a child has the right to see both parents, and that both parents have the right to see their child. You can also expect the court to prioritize the child's best interests above all other concerns.
3 Things to Do If Your Texas Divorce Involves a Business
How your marital property is divided at divorce will affect your financial future for years to come. If you or your spouse owns a business in Texas, then the division of community property may be particularly complex. Following are three things to do if your divorce involves a business.
1. Obtain an accurate and comprehensive valuation.
Not fully accounting for the health of your business and its ability to provide future income can have a detrimental impact on your divorce settlement. The valuation of a business should account not only for tangible assets and debts, but also for the intangible value of the business' reputation and brand.
What you don't want is an inaccurate or short-sighted appraisal. This could prove costly for both parties, especially if you find yourself in a property-related dispute that requires resolution in court.
2. Consider the tax liability.
Often the tax implications are not immediately clear when dividing business assets and liabilities between divorcing spouses.