You may be aware that Texas is a community property state. This means, according to the definition from the IRS, that the state recognizes all property of married couples to belong to them as a couple and not individuals. This concept is important to understand for legal and taxation reasons. It also may affect your debts because you may be held accountable for your spouse’s debts even if he or she accrued those debts on his or her own.
When you have been identified as an obligor following a divorce, the amount of child support you must provide depends upon a number of factors, including what the child needs and the status of your own finances. Below are a few of the guidelines used by Texas courts to determine how much child support is equitable.
If you are a parent who is in the process of getting a divorce, it is quite likely that your life seems very chaotic at this moment. And child custody may be one of your chief concerns. You may even be worried about how your divorce will impact the amount of time you will be able to spend with your children or when that time will be.
Have you ever heard the phrase, "shoulding all over yourself?" It means looking back at perceived mistakes and telling yourself that you should have done this or shouldn't have done that. And when a marriage collapses, it is not unusual to torture yourself in this manner. But even though self-reflection can help a person grow, you don't want to dwell on the past to the point of spoiling your present and future.
Medical expenses that are not covered under insurance are called uninsured medical costs. Parents are expected to make sure all medical costs of their child are covered and taken care of. They must pay for any medical costs of procedures that their child undergoes. All expenses that exceed the allowed limit for the parents are called extraordinary medical expenses, and it is important for parents to make sure they are taken care of.
If you are a parent who pays child support, you almost certainly want to do what you can to contribute to your child's well-being. But if you recently lost your job or had your income drastically reduced, it may become very difficult, if not impossible to continue fulfilling your support obligations. This can cause very serious problems because if you don't keep up with your payments, you could face some very unpleasant penalties.