Important documents needed for divorce

Jul 15 2015 - Posted by , in Property Division

When a person is thinking about a divorce in the Houston area there are many things to consider. Going through the process can be stressful enough, but even knowing what paperwork to prepare can seem overwhelming. Yet, gathering important documents in advance can help expedite the divorce and make sure key issues are ready to be discussed. A divorce is an emotionally traumatic event for a person to go through. It can therefore be difficult to focus …

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Five reasons you may want a prenuptial agreement

May 7 2015 - Posted by , in Prenuptial Agreement, Property Division

Newly engaged couples in Houston are usually giddy with excitement over their upcoming marriage. Along with planning the ceremony, reception, what everyone’s going to wear, and where the honeymoon will be, couples should also sit down and focus on financial matters. Financial discord is one of the top reasons couples get divorced, so sorting out important matters before marriage can help. A prenuptial agreement is one way that couples can settle important financial details and ensure a …

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How real estate is handled in a Texas divorce

May 1 2015 - Posted by , in Property Division, Valuation

Couples who are going through a divorce in the Houston area know that real estate is one of the biggest assets a couple may have. Property division is a large part of divorce and for a spouse’s future after the divorce. It is therefore critically important to know how real estate is handled in a Texas divorce. Since Texas is a community property state, real estate that was purchased during the marriage is generally divisible during the …

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Alternatives to a traditional divorce

Feb 6 2015 - Posted by , in Divorce Mediation

Houston residents who are considering a divorce or starting the divorce process may feel a huge amount of emotional stress and anxiety regarding the process. Many times a divorce is complicated and can involve many issues, including property division, child support, alimony and a host of other problems. Many people think that a divorce always includes court dates and judges, but there are alternatives to the traditional divorce proceedings. One divorce option is the do-it-yourself …

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Divorced parents can navigate holiday spending cooperatively

Dec 17 2014 - Posted by , in Divorce

One of the most common sources of conflict around the holidays is spending – either one parent accuses the other of overspending, or one claims the other isn’t spending enough on the children. Parents are often coping with their own financial challenges as well during this often stressful time. Fortunately, there are ways divorced parents can work together during the holidays to let their children enjoy the season without excessive stress, discord or guilt. One …

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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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