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Posts tagged "Divorce"

What are the grounds for divorce in Texas?

Texans who are considering the end of their marriage might have ideas as to what it entails, but not be completely sure regarding the law of divorce decrees. For example, the state has certain grounds for divorce that must be met to move forward with the process. In short, there must be a reason or reasons for the divorce to happen. Understanding this can assist in making the decision and smooth the process. While the reasons for the divorce are relatively flexible to meet, it is still wise to know them when determining whether the marriage can be salvaged through divorce mediation or ending the union is preferable.

Your co-parent may have left, but you still have rights

The end of a marriage does not mean the end of your family. Parents remain obligated to their children financially and, hopefully, emotionally even after a divorce. For this reason, determining custody and scheduling visitation is an important part of the divorce process.

Tips for protecting your business in divorce

It is likely that as young, star-crossed lovers you did not sign a prenuptial agreement. It is very common, and a hindrance for divorcing business owners. This is especially true for business owners in Texas. Texas is one of the small set of states that are considered community property states. This means that any assets acquired during marriage are considered "community property" between you both. This includes your business.

What's mine is yours, or maybe not

Dreaming, creating and setting goals for the future are integral facets of young adult life in America. After all, our nation may very well be the single best place on the planet for providing opportunity and resources to make your dreams come true. If you're one of the lucky people in Texas who have actually built a business from the ground floor up, and have enjoyed a certain amount of success, you understand the paramount importance of protecting what you have worked so hard to earn.

How is alimony determined?

Every marriage is different, and every life is different within each marriage. The roles of each spouse in marriage are also different. In some marriages, both spouses work and earn close to the same income, while in other marriages one spouse is the main "breadwinner" and the other spouse has other roles, such as caring for the children and other tasks and responsibilities. Following a divorce, these roles obviously change.

Prenuptial agreements may save you time, money and headaches

The last thing on a person's mind when on the verge of entering into a marriage is the possibility of divorce, but as we have heard all too often, in the United States divorces are not uncommon, and it may be wise to consider talking with your soon-to-be spouse about a prenuptial agreement. The fact is that about half of all marriages will ultimately end in divorce, according to many reports and statistics. While this may sound disturbing, it is important to recognize that getting a divorce is a big step for couples. And, as many people can tell you, getting a divorce from someone in an unhappy or unhealthy relationship is much better than staying in a marriage just for the sake of staying in a marriage. Sometimes a divorce is best.

Frequently Asked Questions About Divorce in Texas

Each divorce is unique. It is not surprising that many divorce processes are confusing. While some divorces are straightforward, many are not. Over 75,000 divorce cases are filed in Texas each year; some of these cases will run smoothly and others simply won't. Will yours be complex or relatively "easy"? Will it be contentious or amicable? 

Assessing business value and marital debt in a Texas divorce

Divorce will undoubtedly be one of life's significant turning points. The longer you have been married and the more assets you've accumulated, the more complex the process. Things such as businesses and retirement packages must be assessed and weighed against marital debt.

How are Texas assets split during the dissolution of a marriage?

Going through the process of divorce can understandably be stressful no matter how many or few assets you have. However, it can be especially overwhelming for business owners in Texas and other individuals who have high-value assets. A person who is going through the dissolution of a marriage in the Lone Star State has the right to pursue the most personally favorable outcome considering the circumstances.