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Divorce is a complex and emotional process that can significantly impact all aspects of a person's life. As a business owner, the process can be particularly challenging as you may face the possibility of dividing your assets and determining how to continue operating...
The end of a marriage is never easy, but the stakes can be even higher for those facing a gray divorce. As you navigate the challenges of divorce in your golden years, it's essential to understand the impact it could have on your finances. Here are a few ways a gray...
If you and your child’s other parent are sorting out how you’ll co-parent your children now that you’re no longer a couple, you’ll need to tackle the subject of how holidays and other special occasions will be managed. This issue can be addressed both in your...
In Texas, co-parents are generally required to enter into a specific parenting time schedule before their divorce or child custody case can be resolved. When a child’s parents are able to mutually agree upon scheduling terms, they can craft this agreement in whatever...
One of the crucial aspects of divorce is property division. This is done to ensure each party gets a fair share of matrimonial property according to their contribution. According to Texas laws, property acquired during a marriage is called community property and is...
Most people living in Texas have heard at one point or another that the state has a community property law. What you earn or purchase while married belongs both to you and to your spouse. You generally have to divide those assets when you divorce. Negotiating a...
Texas is a community property state. This means that all the assets accumulated during the course of the marriage equally belong to both parties. Thus, in the event of divorce, both parties are expected to share the marital property on a 50-50 basis. But what happens...
When it comes to getting divorced, it’s never an easy time. The financial, emotional and familial burdens are no different if you’re in a same-sex marriage and have separated from your partner. There’s a lot of upheaval. Since 2015, Texas has recognized the legality...
Building a successful business takes years of hard work, and your business is most likely your largest financial asset. Therefore, you may be worried that marital asset division during a divorce could impact your business ownership, your income and your ability to...
When a couple that shares a child divorces, the court may order the non-custodial parent to pay child support to cover the child’s education, housing, food, healthcare and other child-related needs. Most often, parents take this responsibility seriously. However, it...
