Posted on May 10, 2023 in Divorce

Divorce can be a daunting process, since there are numerous legal and financial concerns that a couple will need to address before they can end their marriage. In some cases, one spouse may believe that they are at a financial disadvantage because they rely on the other spouse to earn the majority of the family's income or because there are factors that prevent them from maintaining employment and fully supporting themselves. Depending on the situation, spousal support may be appropriate. This form of support will require one spouse to make ongoing payments to the other to ensure that they will be able to meet their ongoing needs. By understanding the factors that may be considered by a family court judge when addressing issues related to spousal support, divorcing spouses can advocate for solutions that will protect their financial interests.

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 Posted on April 25, 2023 in Divorce

Parents who decide to get a divorce will need to address a variety of issues related to their children, and these concerns can also affect unmarried parents who break up or are not in a relationship with each other. In addition to child custody, which will determine how parents will make decisions about how their children will be raised and when children will live with each parent, child support will be another important factor to address. Child support orders will ensure that both parents are contributing financially to their children's needs. In most cases, the "obligor," or the parent who pays child support, will be the non-custodial parent, and they will make ongoing payments to the "obligee." To ensure that issues related to child support will be handled correctly, it is crucial to understand how the amount of child support payments will be calculated according to Texas law.

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 Posted on April 14, 2023 in Divorce

Divorce can be an overwhelming experience for anyone, but it can be even more complicated for business owners. A family business may have taken years to build and develop, and a person who has put so much time and energy into their business efforts will most likely want to avoid any issues that could affect their ownership of the company. At the same time, a business is likely to be a valuable asset, and both spouses will want to make sure it is considered properly during the property division process.

To ensure that all marital assets can be divided correctly, it will usually be necessary to perform a business valuation. By taking steps to determine the market value of the business, spouses can place a monetary figure on business assets, giving them a better understanding of the total value of their marital estate. They can also determine whether there are any liabilities that will affect either party and whether a probable increase in value of the business in the future will benefit the person who will own the business. Ultimately, the information gained in a business valuation will inform the final decisions made about the division of all marital property.

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 Posted on March 17, 2023 in Child custody

During a divorce in which a couple has children, the court will decide on an amount of child support that one parent will pay to the other. This amount is meant to ensure that both parents are contributing to the children's needs, and it is based on the income earned by the parent paying support, as well as other factors. Courts make determinations based on what is in the best interests of the child, although a judge will also consider the parents' circumstances, as well as issues like the costs of transporting children between the parents' homes and expenses related to child care while a parent is working.

While child support orders are meant to stay in place until children reach adulthood, life does not always stay static, and it is possible that the circumstances of one or both parents may change significantly after the initial ruling. Because of this, parents may wonder if they can modify child support payments after their divorce has been finalized. Fortunately, the laws in Texas provide for the ability to modify child support payments if certain conditions are met.

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 Posted on March 10, 2023 in Child custody

Addressing issues related to child custody is often one of the most difficult aspects of a divorce. Parents whose relationship has broken down are likely to disagree about various child-related issues, and reaching agreements on matters such as who will be responsible for making decisions for children and where children will live may not be easy. One issue that may need to be addressed in a child custody case is the right of first refusal. This may ensure that both parents will be able to spend sufficient time with children, but the parents may disagree about the terms that should be included in their child custody order. By understanding the options in these situations and the laws that may apply, parents can determine how to address the right of first refusal during divorce negotiations.

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 Posted on February 22, 2023 in Divorce

Divorce can be one of the most difficult and stressful experiences you can go through. As you work to negotiate a settlement that will meet your needs, address the many ways your life is changing, and take steps to ensure that you will be treated fairly, the process of divorce can be emotionally draining. Fortunately, there are alternatives to traditional litigation in court, and divorce mediation is often the most beneficial option for everyone involved. By understanding the advantages and disadvantages of mediation, you can decide if this method is right for you.

What Is Divorce Mediation?

As you consider whether to use mediation, it is important to understand exactly what it entails. Divorce mediation is a voluntary process in which two divorcing spouses attempt to settle their differences with the help of a mediator. The mediator is an impartial third party who facilitates communication between the spouses and helps them work together to reach an agreement on all issues related to their divorce, such as child custody, division of assets and debts, spousal maintenance, etc. It is important to note that the mediator does not make decisions or provide legal advice; instead, they act as a facilitator by helping each spouse understand the other’s point of view while guiding the couple towards agreements they can both be satisfied with.

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 Posted on February 07, 2023 in Divorce

Stay-at-home parents play an important role in raising children and managing a household. However, a parent who has not worked outside the home for an extended period of time or who has foregone career opportunities in order to focus on household responsibilities may be concerned about what will happen in the event of divorce. In these cases, a parent may worry that they will be unable to continue staying at home to provide care for their children, and if they choose to return to work, they may be uncertain about their career prospects and their ability to meet their ongoing needs. Depending on the circumstances of a particular case, a stay-at-home parent may be eligible to receive spousal maintenance (commonly known as alimony).

Types of Alimony in Texas

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 Posted on January 25, 2023 in Divorce

Getting a divorce can be a complex and stressful process, and there are a variety of issues that will need to be addressed before a marriage can be legally dissolved. Many of these issues will be related to the property division process, and disputes can arise between spouses about who should get what pieces of property or who will be responsible for certain debts. Of the different types of complex property issues that may need to be resolved, determining how to divide assets such as retirement savings accounts or pension benefits can be especially complicated. It is important for spouses to understand the applicable state laws that address the division of assets and the steps they can take to protect their financial interests.

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 Posted on January 18, 2023 in Divorce

When parents decide to divorce, the process of separating their lives, establishing new living arrangements, and determining when children will live with each of them can be difficult and confusing. In addition to the practical concerns related to when parents will spend time with children and other child custody issues, financial matters will play a major role in these cases. One of the most important financial issues that must be addressed is child support. In Texas, there are several factors that could affect a child support agreement in a couple's divorce. It is important to understand these factors and how they could influence the outcome of a divorce case. 

Types of Income

The primary factor used to determine child support is the income of the parent who will be paying support. In general, the "noncustodial" parent, or the parent who has less visitation time with the children, will pay child support to the "custodial" parent. Multiple types of income may be considered, including wages, salary, bonuses, commissions, self-employment income, royalties, dividends, capital gains, severance pay, unemployment benefits, retirement benefits, Social Security benefits, workers' compensation benefits, annuities, or income received through the rental of a property. Certain types of deductions may be made, including federal and state income taxes, Social Security taxes, and union dues, to determine the parent's "net resources."

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 Posted on December 23, 2022 in Divorce

In today’s world, it is increasingly common for couples to handle the divorce process collaboratively and amicably, without significant intervention from the court. This can work well when there are few conflicts or intractable disagreements that get in the way of negotiation, but there are other scenarios in which trying to resolve a divorce without litigation is simply too dangerous. One common example is a situation in which one spouse is not being honest with the other as their marriage is coming to an end. When many people think of deception in a marriage, they think of affairs and cheating, but there can also be a financial side of deception in the form of hidden assets.

Hidden Assets and Income

When a spouse attempts to hide assets before or during the divorce process, they usually do so in an effort to prevent them from being considered community property, and therefore subject to division in the divorce. This puts the other spouse at a major disadvantage unless they can work with an attorney to discover that the hidden assets exist and take legal action to rectify the situation.

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