The reality of age creep in divorce

Feb 27 2018 - Posted by , in Divorce

For the late, great David Bowie, Golden Years seemed to reflect budding youth. At least that’s the sense of the lyrics he wrote for his hit song by that title. A more traditional interpretation of golden years is that period of retirement – a time to slow down and enjoy life. Happily married couples likely look forward to these years, anticipating doing the things they always talked about, but never did because work, children – …

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The Fears Before, During, & Following Your Divorce

Feb 23 2018 - Posted by , in Assets, Divorce, Parenting & Custody Agreements

Often divorce is not just cut and dry. Between dividing up assets & debts and raising children between two households, we are still humans with human emotions. It is normal to fear divorce along with the uncertainty of your future. These fears are normal. Where will you live? How will you pay your bills? How will you tell the kids and your friends and family? Will you be alone forever? Are you making the right …

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SCOTUS looks at insurance benefits in divorce

Dec 11 2017 - Posted by , in Divorce

Divorce is the legal process by which a marriage contract is dissolved. Anyone who has been through the process knows that it can tend to get complicated. The older a divorcing couple happens to be, the more intertwined their assets are. That can require finding solutions for dividing property that require zigging and zagging through assets to achieve an equitable balance. If some individual asset happens to fall through a crack, it can trigger disputes later that …

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Who gets the gun in a divorce?

Aug 31 2017 - Posted by , in Divorce

There are numerous assets often brought up in a divorce. With over 80,000 divorces reported in Texas in 2012, there is a lot for the courts to sort through. That data comes from the Texas Department of State Health Services.  During a divorce, the spouses may worry about who receives what property. This involves the house and the car, but for many couples divorcing in Texas, it also involves guns. It is possible for one person to …

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3 steps to valuing your business during divorce

Aug 31 2017 - Posted by , in Business Assets, Divorce, Property Division

If you own a family business and know divorce is in the near future, you might be wondering what is going to happen to the company. The personal challenges for your emotions and finances are already enough to cause inner turmoil, so what should you do about the business? The most important step to take is getting a business valuation. An accurate picture of the family business and its assets will make the property division process go …

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Dispelling some myths about divorce and money

Aug 10 2017 - Posted by , in Property Division

Myths are by definition mistaken beliefs. Like many things in life, divorce is rife with myths. If they are not dispelled, it makes things worse when a couple does decide to split. One of the particular areas of family law where myths linger is in divorce and finances. Property division, asset valuations, retirement planning, tax considerations all need to be brought into focus in divorce. The help of experienced legal counsel is always recommended for both …

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The right of reimbursement in Texas property division

May 5 2017 - Posted by , in Property Division

Individuals considering divorce for the first time may have heard about the different models of property division. In most states, the theory that rules is called equitable distribution. A judge has the power to decide what is fair. The outcome might favor one spouse over the other depending on many variables. In fewer states, including Texas, the law focuses on what the couple has acquired over the course of the marriage. The entire stock of …

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Reasons to get a business valuation during divorce

Apr 4 2017 - Posted by , in Business Assets, High Asset Divorce

If you own a business with your spouse and are getting divorced, you probably need a business valuation. Unless you and your spouse are totally amicable and willing to continue co-owning the business, your other options require determining its value. Here are two main reasons you might need a business valuation during your divorce.  You want to sell the business Sometimes the best option for dealing with the family business is selling it. This allows you and your ex to …

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Tips to manage a divorce from an angry spouse

Mar 1 2017 - Posted by , in Divorce

Most divorces result because one person, not both, decided that the relationship was over. This can cause feelings of consternation, anger, and confusion – a dangerous combination while you engage in the delicate task of untangling two lives. Divorces are always messy, but they become more complicated if they are not properly planned. This post will go over how to deal with an angry spouse during a divorce. You may wonder, why would anyone be angry during …

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Divorce Requirements in Texas

Feb 15 2017 - Posted by , in High Asset Divorce

Once you have decided to get out of a bad marriage, it’s time to start the actual process of divorce that would separate you from your spouse in the eyes of the law. In Texas, one of the spouses has to be a legal resident of the state for at least six months in order to file for divorce. Also, the person needs to have resided in the country for a full 90 days before filing the …

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