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Divorce Archives

One costly property division mistake that should be avoided

When many Texas residents prepare to end their marriage, they take an approach that is informed by the advice of friends and family, as well as what they have learned from television and the movies. They sometimes overlook information that comes from the legal community, perhaps in the belief that attorneys are only concerned with how much money they can bill for their services. In reality, however, most divorce attorneys are sincerely concerned about the well-being of their clients, and want to be helpful in guiding them through child custody, property division and any other divorce matters.

Pitfalls to look out for in a high-asset, high-conflict divorce

Being wealthy does not make a person less romantic, and affluent Texas residents typically have the same expectations of their marriages lasting forever as do those with fewer assets. The only difference is that if you, as a wealthy person, decide to go your separate way, the property division process will likely be more complicated, and a high level of contention can exacerbate the trauma and stress.

Age is an important issue to consider in divorce

The fact that not all married couples live happily ever after is sad but true. People in Texas who are considering divorce will likely find that there is no shortage of advice. However, no two marriages or divorces are the same, and the issues needing consideration depend on the unique dynamics of the couple. Many of these considerations vary according to the age of those getting divorced.

Tips for Dealing with Divorce

Divorces are hard on anyone, whether you know it is coming or not. Moving past the relationship takes time and part of that process is going through the divorce process. Some divorces are clean while some are messy but no matter what kind you are dealing with, you can come out of it as a stronger person.

Is divorce always equal?

Often times divorcing men and women think about what is most important to them and what they want in assets from the divorce. It is also important to think about what assets are taxable. If one spouse receives all of the assets that are taxable, they could be losing a lot of money to tax payments.

The impact of digital data during property division

Even after extensive media coverage of computer and email hacking, many Texas residents still believe that they are able to permanently remove information from their computer or other device simply by hitting the "delete" button. That can come back to bite them during a divorce, when many spouses take an aggressive approach toward mining for information during property division. Understanding how digital data is stored and potentially retrieved is critical to some spouses.

Special considerations for divorce later in life

The end of a marriage is a complex legal process, no matter the age and financial status of the parties involved. However, divorce for couples later in life requires special consideration of certain financial matters that are especially pertinent for an individual who is nearing retirement. Texas readers may know that the divorce rates are decreasing overall, but the number of people ages 50 and up choosing divorce is increasing.

Diamonds are a girl's best friend

Divorce can be difficult and emotional for both parties. The division of assets however, is often what starts most arguments and court battles. It is important to know what you're entitled to and most importantly, why you are entitled to certain assets, specifically the diamond ring.

Divorce for the rich and non-famous

When a celebrity couple decides to end their marriage, it typically involves complicated financial matters, such as royalty rights, division of multiple properties and much more. While the issues that are present in a high asset divorce are much more visible when celebrities are involved, many wealthy couples are able to quietly navigate the legal process without unnecessary drama. It is possible to negotiate a settlement that is financially beneficial, even when it involves a large amount of money.

Getting Remarried In Your 50s Or Later? You Need A Prenup.

Getting remarried is a time for celebration, but it also requires you to carefully think through many issues. How difficult was your divorce? Why did the marriage go wrong? What is your financial situation like now? You plan for this one to last forever, but you are older and wiser now. Is it better to be safe than sorry?  Are you willing to bet half of your assets that this marriage will last on "til death do you part?"

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