Feb 27 2018 - Posted by On Behalf of the Lincoln Law Firm, PPLC, 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 – …
Share This Learn MoreFeb 23 2018 - Posted by Darby R. Long, 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 …
Share This Learn MoreDec 11 2017 - Posted by Chris Lincoln of The Lincoln Law Firm, PLLC, 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 …
Share This Learn MoreAug 31 2017 - Posted by On Behalf of the Lincoln Law Firm, PPLC, 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 …
Share This Learn MoreAug 31 2017 - Posted by On Behalf of the Lincoln Law Firm, PPLC, 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 …
Share This Learn MoreAug 10 2017 - Posted by On Behalf of the Lincoln Law Firm, PPLC, 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 …
Share This Learn MoreMay 5 2017 - Posted by On Behalf of the Lincoln Law Firm, PPLC, 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 …
Share This Learn MoreApr 4 2017 - Posted by On Behalf of the Lincoln Law Firm, PPLC, 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 …
Share This Learn MoreMar 1 2017 - Posted by On Behalf of the Lincoln Law Firm, PPLC, 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 …
Share This Learn MoreFeb 15 2017 - Posted by On Behalf of the Lincoln Law Firm, PPLC, 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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