Divorce or separation is a time of great upheaval for everyone in the family. Divorce agreements, parenting plans and other legal agreements will provide a legal template for the parents regarding visitation schedules, financial responsibility, decision-making...
Texas is one of a handful of community property states. In simple terms, property accrued by each spouse during the marriage is rebuttably presumed to be community property that is subject to a "fair and just" division by the Court if the couple divorces. Property...
Bill and Melinda Gates announced earlier this month that they were finally getting divorced after 27 years of marriage. Melinda filed in Washington State, citing that the marriage was irretrievably broken. The fourth richest man in the world and his wife are worth an...
Marriages can be difficult during normal times, but the last year-plus has made it particularly difficult for some people. The increased time spent at home or out of work have led some to experience elevated financial stress, boredom, disagreements about parenting or...
Dividing assets is often one of the most complicated parts of a divorce. Texas divorce laws call for couples to divide community (marital) assets during a divorce. Community assets are accrued after the marriage and generally divided equally if there is no fault in...
Divorce is a time of transition and change. If a newly divorced spouse does not have custody issues or a job keeping them in the same area, some find that a change to fresh surroundings is part of their new life. At least, this is likely part of the mindset of an...
One of the most significant issues in any divorce involves the division of assets. Here in Texas, property or assets are categorized as community property (jointly owned by spouses) or as separate property (individually owned). Unless the couple has a prenuptial or...
Couples in upper-income tax brackets may live comfortably, but they soon realize there is less to go around when the family’s earnings go towards two residences. Moreover, there are other financial concerns about their post-divorce future, perhaps involving retirement...
It is understood that you or both of you are moving out of the family home. Maybe this was by choice, or perhaps by necessity. This prompts the question: Where do I live? The inclination may be to find something and buy it so you can move from the marital home to the...
One of the biggest fears of parents who divorce is that their children will reject them. It can happen when one or all of your children refuse to honor the parenting plan by switching homes when scheduled. The rebuffed parent likely will feel angry and hurt, which may...
