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June 2019 Archives

Instances of active duty military divorce are steadily declining

When it comes to marriage and divorce, the hype over the divorce rate across the country can sometimes give people pause when it comes time to get married. The common refrain is that half of all marriages end in divorce. These statistics are further broken down into sub-groups. One statistic that is reliable and easy to track is the instance of marriage and divorce in military families.

How is child custody established in Texas?

When parents in Texas decide to part ways, this process can be complicated due to custody. Child custody can be determined between the divorcing spouses; however, if an agreement is not reached, the court will have to step in to help the parents determine what agreement is best for the child in that particular situation.

Custody and claiming a child on taxes

When parent divorce, there are many concerns surrounding their children. One major issue is with whom the child will reside with and what the custody arrangement will look like. Not all post-divorce parenting plans look the same. They are highly dependent on the factors involved in the situation at hand. Whether a sole or joint custody arrangement results, there are also certain financial issues that must be sorted out as well.

Understanding prenups

Getting married is a big deal. It is not just two people in love devoting their lives to one another. It is two separate lives, each having their own past, property and financial history, joining together as one. This can cause many concerns and complications. Money can be a significant factor. And, in efforts to protect assets and property in case the union ends in divorce, many couples intending to get married decide to include a prenuptial agreement in their marriage.

Helping navigate a contested divorce

Divorce reportedly impacts roughly half of all marriages. As a result, it is not unheard of to consider this to be a reality even before a couple says "I do," in Texas and elsewhere. Whether that means drafting a prenuptial or postnuptial agreement, or making careful financial decisions, being conscience that a marriage could end in divorce could be beneficial in the event that one or both spouses seeks a divorce.

The value of your business can impact property division

Your business is one of the most valuable assets you have. In your divorce, you understand how critical it is to secure a property division settlement that allows you to keep your business going. You have the right to do everything you can to protect the small business you worked hard to build and grow over the years.

Addressing specific property division questions

When's the last time you had an accurate and up-to-date accounting of all your financial accounts? This could include a 401(k), savings account or other financial assets. It could also mean the status of your liabilities, like credit card accounts or auto loans. If you aren't able to answer these questions off the top of your head - you're not alone.