Texas residents might be interested to hear that, provided that they are not joint account holders for the card, people are not necessarily liable for their spouses' credit card debts in the event that they divorce. Allocating assets and liabilities can be one of the...
Divorce
Selling the house after divorce
The marital home is one of the biggest assets of many Texas couples. In the event of a divorce, the value of the home is part of the marital estate that must be divided equitably between the parties. If one spouse wants to keep the home, the other spouse must receive...
How divorce impacts your tax filing
Texas residents who divorced or were in the process of getting a divorce during 2012 may have many questions about how that life change will impact their annual tax filing this April 15. Divorce may impact things like filing status, dependents, and deductions. Here...
Issues in gray divorce
The aging of our population has created an interesting phenomenon in family law, the rise of the so-called gray divorce. Divorce has become increasingly common among empty nesters and people reaching retirement age. While a split can be challenging at any age, older...
Collaborative divorce saves millions for Texas man
Texas billionaire T. Boone Pickens said taking a collaborative approach saved him millions in his recent divorce. The energy tycoon recently ended his fourth marriage. Unlike prior splits, Pickens decided to take a collaborative approach with this divorce, which he...
Retirement should be top of mind during divorce
Divorce has a way of derailing the best-laid retirement plans as many Texas residents have come to learn. Instead of heading off into retirement together with the nest egg they accumulated over the years, divorcing couples find themselves divvying up their retirement...
Reasons to have a prenup agreement
Many Dallas-area couples consult with a wedding planner soon after becoming engaged. It may be just as important for those couples to talk to an attorney. In the glow of upcoming nuptials, it can be difficult for a couple to imagine unhappier times, but with a...
Tax tips for divorcing couples
Many Texas residents find the process of filing income tax returns fraught with confusion. An already challenging process becomes even more complicated by divorce, which changes one's filing status as well as the deductions and exemptions that may be claimed. Here are...
Divorce case heats up after August brawl
Last month, entertainer Randy Travis pleaded not guilty to assault after an August altercation in a Dallas-area church parking lot with his fiancé's estranged spouse and brother. Now, Travis has filed a lawsuit against the men, claiming the two schemed with...
Financial tips women can use in divorce
January typically is a big month for divorce filings. In fact, more divorce proceedings are initiated in the early days of the year than any other time. This may not be a surprise as the start of a new year is viewed by many as a good time to make a fresh start. If...
