Simple Summary of Community and Separate Property in Texas

Sep 25 2018 - Posted by , in Divorce, Property Division

Simple Summary of Community and Separate Property in Texas

Headed for divorce and wondering how you and your spouse will divide your property? Here is a simplified explanation of the three types of property under Texas law:   Community property – All property acquired by you or your spouse during the marriage is presumed to be community property. While there are exceptions, a good rule of thumb is that any property either you or your spouse obtained during the marriage is community and subject …

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The Law of Diminishing Returns

Aug 31 2018 - Posted by , in Assets, Divorce, Financial Challenges, Property Division

The Law of Diminishing Returns

One of the worst financial decisions in a divorce is to spend more on attorney’s fees than your divorce is “worth”; similar to paying $5,000.00 to fix an engine on your used car worth $3,000.00. The law of diminishing returns refers to a point at which the level of profits or benefits gained is less than the amount of money or energy invested. While the law of diminishing returns may seem black and white, with …

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Former NFL star’s Dallas home at center of high asset divorce

Aug 13 2018 - Posted by , in Child Support & Spousal Support, Divorce

The divorce legal issues of high-earning individuals are notoriously complex; for those who hold multiple properties they can be especially tough to navigate. Former NFL star and pro athlete Deion Sanders is still weaving his way through a high asset divorce with his ex-wife. At the conclusion of a high asset divorce settlement, as Sanders has discovered, there are severe consequences that come with not properly following a judge’s orders. As part of his divorce, Sanders had …

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Dogs in Divorce (and other furry friends too)

Jul 13 2018 - Posted by , in Divorce

Dogs in Divorce (and other furry friends too)

Dogs and cats are more than just “pets” to many people. Many consider their 4-legged friends to be family members. You do not need to look far to find a dog or cat with their very own social media page, and yes, you should follow them. Who doesn’t love adorable pictures of animals to brighten each day? So, what happens to the beloved dog or cat when his or her humans separate or divorce? Custody …

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Contemplating divorce? Post-reform taxes deserve consideration

Jul 5 2018 - Posted by , in Divorce

When making a major decision, it’s a bad idea to do it under pressure. That goes for making major purchases in your life, or ending relationships with significant others. You face decisions about your past and your future, and in some instances the future of children. Financial aspects of the dissolution may seem the driest of issues to wade through because of the accounting involved, but they are also among the most important because of …

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Top 3 Questions In All Family Law Cases

Jun 22 2018 - Posted by , in Divorce

Top 3 Questions In All Family Law Cases

Before you embark on any life changing event, you most likely want to know a few very important details… How much will it cost? How long will it take? Will I be successful and “win”? These three questions are usually the first considered when being faced with the possibility of a divorce or a child custody suit.  How much will this cost? Good question. Some “divorce mills”, for lack of a better term, charge a …

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Don’t Drink & Post And Other Useful Common Sense

Jun 8 2018 - Posted by , in Divorce

Don’t Drink & Post And Other Useful Common Sense

Summer is upon us and you know what that means… your social media news feed is likely filled with pictures of graduations, vacation adventures, and cocktails on the beach. What you probably do not want to see it filled with is angry ex-spouses, mad moms, and relationship drama that doesn’t belong in the public eye. We have all been there. We have all been guilty at one point of over-sharing on social media not considering …

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‘Internet of things’ may simplify life, but it can complicate divorce

May 24 2018 - Posted by , in Divorce

The internet of things: have you heard of it? Maybe you only know the acronym – IoT. According to proponents, this is the promise of personal empowerment through internet-linked technology. Specifically, IoT represents how, by using network-connected smart devices and our smartphones, we can: secure the front door without using a key; generate a grocery list based on what the refrigerator sees on its shelves; or even install a doorbell with a camera that monitors …

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Tips For Successfully Co-Parenting This Summer

Apr 26 2018 - Posted by , in Co-Parenting, Divorce

Tips For Successfully Co-Parenting This Summer

It can be difficult enough to agree on how to raise children when you are married. Trying to agree on parenting once your marriage or partnership has dissolved? A challenge to say the least. With summer right around the corner, you may be about to face some additional co-parenting challenges due to your summer possession schedule. Here are some tips to help the summer go smoothly with your family. Purchase a calendar – Maybe more …

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‘Do’ and ‘Not Do’ tips regarding retirement assets in divorce

Mar 27 2018 - Posted by , in Divorce

The dissolution of a marriage is rarely simple. Legally, ending an average Texas marriage might be easier when the couple is younger. However, because assets accumulate over the course of a union, the process tends to become more complicated if the couple is older. Valuation of real assets, such as homes, requires skill. There are issues of how to divide marital debts to consider. Also, there can be questions of retirement savings. In the past …

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