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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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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Pet custody addressed in the first state law of its kind in U.S.

Jan 27 2017 - Posted by , in Property Division

With divorce now common, family laws in most states have managed to adapt in ways that maximize the well being of children. An increasing number of states, for instance, are encouraging some form of shared custody. The reasoning behind this is that it is generally in the best interests of children to maintain strong ties to both parents, when possible. One area in which family law seems to be lacking is the treatment of pets. …

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Points to remember in protecting assets in a Texas divorce

Jan 2 2017 - Posted by , in Property Division

Texas couples who are in the process of ending a marriage or have already completed the divorce process need to be vigilant about their finances. Factors to consider are property division, bank accounts, assets, how property obtained during the marriage is allocated and more. Whether the planning for the divorce is underway, if it is in progress, or after it is completed, the spouses must make certain to take various steps to protect themselves. Budgeting …

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Dealing with property and items of sentimental value in a divorce

Dec 31 2016 - Posted by , in Property Division

When a Texas couple chooses to end a marriage, there are a great number of factors that will be of significant concern. While children, custody, support, assets and living arrangements might be worrisome, other issues can come up. If there was a great deal of property obtained during the marriage and some of it has financial or sentimental value, this can be difficult to negotiate. With this in mind, it is important to have a …

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Texas lawmaker proposes end to no-fault divorce

Dec 29 2016 - Posted by , in Property Division

The lull is nearly over. Statistics show that many couples put off difficult family decisions until after the holidays. With just a few days left in 2016, it is expected that once again a large number of people struggling with unhappy marriages will head to the Harris County courthouse to file for divorce. One Texas lawmaker is trying to make the divorce process a little more difficult. He said that by doing so, he hopes to …

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Advice from survivors of divorce

Dec 13 2016 - Posted by , in Property Division

They got through it and they want to help others get through it, too. They are people who have gone through the complex legal process and the emotional turmoil of divorce. In a recent newspaper article, they shared some advice for those facing similar questions about property division, child custody, prenuptial agreements and more. One of the bits of advice those who have gone through divorce have is for those who facing a split to get …

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If you marry on this day, prepare to divorce

Nov 10 2016 - Posted by , in Property Division

Preparations for a wedding day can include travel plans, hiring a photographer, finding and booking an appropriate venue for the ceremony, lining up a spot for a reception, and much, much more. However, if you do all of that just to have a wedding on Valentine’s Day, you might as well start preparations for a divorce as well. At least that’s the conclusion of a recent study on the worst days for weddings. Researchers found that those …

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Family pets and divorce

Sep 23 2016 - Posted by , in Property Division

Many Houston families have pets. In fact, according to the American Society for the Prevention of Cruelty to Animals, between 37 percent and 47 percent of American households have a dog, with between 30 percent and 37 percent having a cat. When a couple decides to get a divorce, it can be hard to figure out who gets to keep the family pet. A couple going through a divorce have many issues they need to work out. These may …

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