High asset divorce: Community property and equitable division

Nov 28 2014 - Posted by , in Divorce

Both local and national news headlines have recently highlighted the story of billionaire Harold Hamm, the chief executive of Continental Resources who recently went through a much-publicized divorce trial. Like many of Houston’s financially well-off residents, Hamm made his fortune in the energy sector. At issue in the divorce was whether Hamm’s ex-wife played a crucial role in helping him build that fortune and, if so, to how much of it she was entitled after …

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What legal issues can be covered during divorce mediation?

Sep 25 2014 - Posted by , in Child Support & Spousal Support, Custody, Divorce

For any Houston-area family to successfully reshape itself after divorce, countless issues must be resolved during the divorce itself. A family can’t move on until subjects such as child custody, property division and child support have been properly decided. Even seemingly minor topics, such as the ways in which children spend the holidays with each parent after a split, can incite conflict later on if not addressed during the divorce proceedings. What many divorcing couples …

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Protecting assets may require online efforts

Jul 31 2014 - Posted by , in Divorce, Property Division

Few would argue that the modern era isn’t heavily saturated with the influence of technology. From computers to smartphones to everything in between, Texans store an incredible amount of personal information in these ubiquitous devices. What some individuals may not realize is the importance of properly attending to these technologies during divorce. While protecting assets has never been easy, accomplishing that task nowadays can take a bit more effort. Recently, a study from McAfee revealed that important …

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Understanding the Texas rules on property division

May 15 2014 - Posted by , in Marital Property, Property Division

From movies to tabloids, from television shows to neighborhood gossip, there are countless sources of the myths that surround divorce. Particularly when it comes to property division, myths abound and can scare divorcing spouses into feeling threatened, even paranoid. Since it is so important for spouses to keep a level head during a stressful time, addressing the myths of Texas property division may make Houston spouses breathe a little easier. First, it is worth noting that …

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Divorce, property division and taxes: items to consider

Apr 17 2014 - Posted by , in Property Division

The financial aspects of a Texas divorce can be a source of conflict or a road map for the future, depending on how couples approach money matters. One issue that some couples may not immediately consider is the tax consequences of a divorce. According to the CEO of Wevorce, a website aimed at helping couples divorce amicably, property division has a tendency to grow in levels of complication extremely quickly. A CPA at Wevorce notes that some …

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Health effects of divorce similar to those of heart attack

Feb 19 2014 - Posted by , in Divorce

No Texan wants to experience a heart attack, but, unfortunately, many may actually know what it feels like. According to recently-released information from the Mayo Clinic, a divorce or serious breakup can mimic the effects and sensations of an actual heart attack. These symptoms can include dizziness, shortness of breath and pain in the chest area. Medical professionals at the Mayo Clinic have labeled this condition “Broken Heart Syndrome,” which also can occur after the …

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