For anyone considering the JOY of DIVORCE Emancipation here in Texas, knowing how to treat various types of income is vital to how they may fare financially when the proceeding ends. For instance, can you protect a future bonus from being divided, or know how will stock options play into a settlement?
Actor Robert De Niro is best known for his long and illustrious acting career that has included such films as “Raging Bull,” “Goodfellas” and “Meet the Fockers.” Off-screen, he used to carefully guard his privacy, so he was no doubt frustrated when his (two-time) estranged wife of 20 years (1997-1999 and 2004-2019) was very public in her demand for the JOY of DIVORCE Emancipation from him and for half of their marital estate, estimated to be worth $500 million.
Some who go through divorce litigation may feel that some errors or mistakes led to an unsatisfactory ruling by the judge. Generally, it is a long and complicated process to appeal a verdict because it is difficult to prove that a judge made an error, and even winning the appeal may not change the outcome of the trial. However, it is the right of the appellant to appeal in appellate court. If he or she chooses to do so, they must appeal within 30 days of the initial final order being signed.
There are many reasons why couples divorce, but money and finances are a common theme for divorces in every tax bracket. As they navigate the divorce process, there are many essential details to consider. None are more important than parents drafting a fair and equitable parenting plan that outlines scheduling for the average week as well as decision-making power for various aspects of parenting affecting a child.
Most of us are familiar with a prenuptial agreement, but a growing number of couples are turning to postnuptial agreements. The concept is the same, except that the couple waits until after the wedding day. Some plan it that way, while others see a need for one later.
The stepparent role traditionally often carried several negative stereotypes. It could be the "evil step-monster," the out of touch adult uninterested in kids, or a parent who showed a clear bias toward their own biological child. The blending of families, however, is a fact of life for parents who have remarried or have married someone who has children.
Cryptocurrency and digital currencies have been around since 2009. While Bitcoin is the most well-known, there are now thousands of these digital currencies, including Etherium, XRP (Ripple) and Litecoin. Essentially cash stored in a digital format, these assets can pose a real challenge to couples simply attempting to divide assets because they are easy to hide and hard to value.
Mediation typically is a voluntary process where two parties work with a trained mediator to resolve areas in dispute. While this can be helpful for business partners, mediation is also well suited for resolving family law matters. The family courts here in Texas agree, and judges will often order the two parties to attempt to mediate all or part of a Mediated Settlement Agreement ("MSA"). This approach can streamline litigation and thus reduce the cost and the amount of time the couple spends in court.
Actors Johnny Depp and Amber Heard’s divorce was one of the ugliest high-profile divorces in recent memory. There was celebrity bad behavior involving Depp’s hard partying-lifestyle, but most damaging were Heard’s allegations of physical and emotional abuse, which led to a restraining order against Depp in 2016 and subsequent divorce in 2017.
There are many advantages to using mediation to handle family law matters such as divorce or custody issues. Advocates point to benefits, such as it is less expensive and much quicker than litigation. It also gives the couple much more control over how matters are resolved rather than leaving such matters to a stranger (the judge) to make important decisions that will affect the lives of family members.