Divorce is a complex process, and there are often strong feelings on both sides regarding the division of marital property. Some couples choose to avoid these types of fights by drafting a prenuptial agreement before they get married. In most cases, these legal agreements address the division of marital property and assets, as well as financial matters during the marriage.
There are different types of child custody, and it's helpful to understand the differences.
Divorce is already stressful enough without adding unnecessary financial complications to the mix. Even at the best of times, money can be a touchy subject, and when you take into account the emotional upheaval that many divorcing couples go through, even amicable splits can get nasty.
Whether you think your divorce will move forward without conflict, or you think it will drag on for years, preparation can be vital.
Custody is one of the most contested and emotionally charged issues in any divorce, no matter how amicable two parents may be. Texas parents know that the end of their marriage can be emotionally traumatic for their kids, which is why you may want to ease this process and make their post-divorce lives as smooth as possible. One way you may be able to accomplish this is by choosing joint custody.
If you and your spouse decide to take separate paths moving forward, you might be eager to move on and open a new chapter in your life. However, you may also have concerns about how the outcome of your divorce could affect your future.
Despite the media hype, not every Texas family can enter into a joint custody agreement that equally splits time with the children. Not every divorced couple can sit down together for Thanksgiving dinner or go on vacation together. More importantly, you don't have to have that arrangement to love and support your children. In fact, you probably intend to love your children, pay your child support on time and make yourself as available to your children as you can after the divorce.
Divorce is a complicated process, but there are things that you may be able to do to make it a bit simpler for both parties and your children. For some couples, this is possible through mediation, which may allow you to avoid litigation and craft a final order that allows you to have a strong post-divorce future.
As business owner going through divorce, you certainly want to do what you can to protect your business. When company assets are at stake, you may feel a particular anxiety toward your proceedings as these assets could add a layer of complications that other individuals may not have to deal with during their proceedings. One particular issue that will need attention relates to business valuation.
If you are considering divorce, a variety of factors could be influencing your decisions. The end of a marriage could have a substantial impact on your financial future, and your concerns in this area may only grow deeper if you are the owner of a business.