Fabio & Merrill

Houston Divorce Blog

How do you go about dissolving a business during divorce?

You have recently filed for divorce in Texas and while you are optimistic about how this decision will affect your future, you are concerned about the fact that your soon-to-be-ex is also your business partner. In this difficult position, you are faced with the uncertainty of dissolving a once-ideal business partnership. Depending on what you and your former spouse decide, one of you may also choose to exit the partnership to keep the business intact. 

Once you realize that your divorce is absolutely going to happen, it is critical that you begin modifying operations at your business right away in terms of partnership agreements. Every effort should be made to keep day-to-day functions relatively unchanged to allow your organization to continue as usual. According to the U.S. Small Business Association, you should make sure that all shared responsibilities have been adequately completed or otherwise suspended until a new agreement is formed. 

Knowing when to start dating again after divorce

When people decide to get divorced from their spouse in Texas, their life is immediately filled with lots of important decisions regarding their future. One of the questions that may cross their mind is whether or not they will ever be involved in a romantic relationship again. While dating may come easier for some than others, it is critical that people allow themselves enough time to fully process the changes in their life and accept their new normal before they jump into a serious relationship again. 

According to Web MD, when people are in the process of getting divorced, some of the things they can do to facilitate healing include the following: 

  • People should take the time to reevaluate their needs. This period of rediscovery may uncover a different side of themselves that they have forgotten about. This time can also be used to pursue new hobbies or strengthen talents that may have been neglected.
  • In the relationships they still have, people should strive to be present and embrace their role. In many cases, this may mean being the best parent despite not being married to their child's father or mother anymore. 
  • They should allow themselves time to feel emotions, experience feelings and work through difficult problems. Often, this may require professional therapy or counseling to encourage positive and effective coping mechanisms. 

Child support agreement still unsolved for Pitt and Jolie

Children of divorced parents in Texas often face significant emotional trauma as their parents work to assign parental responsibilities, custody agreements and child support arrangements. More often than not, they may find themselves torn between the conflicting accounts of their parents. 

In a case that is making national headlines, renowned actor Brad Pitt and his ex-wife Angelina Jolie have been embroiled in a bitter dispute regarding the support of their children. In what was mostly a private case until recently, their vehement disagreement about who should be responsible for the costs of raising their children has become a very public situation. Sources claim that it was initially Jolie who came public about the battle between herself and Pitt in regards to child support. Her legal teams claim that he has not made any notable or worthwhile payments for child support since their divorce began. 

Can student loans lead to divorce?

Finances are generally the leading cause of stress in a relationship according to SunTrust Bank. Money and stress tend to go hand in hand for many Americans, and this can intensify when involved in a relationship. Student loan debt has no mercy and "for richer or poor" may not cut it.

Student Loan Hero has recently reported that more one-third of borrowers said college loans any other financial stress contributed to their divorce. Student Loan Hero surveyed more than 800 divorced adults and found that 13% blame student loans specifically for ending their relationship.

Reassigning mortgage payments during a divorce

One of the most complicated parts of divorce for many Texas couples is having to work through the separation of their assets and finances. In many cases, determining which person is going to keep the house, is one of the most complicated and contentious decisions to be made. Many couples still owe money on their home thus complicating matters further when mortgage payments have to be reassigned to a party who is willing to pay. 

According to Time Magazine, couples who choose to sell their home are often faced with the least amount of disagreement, contention and court battle. Rather than working back and forth and dealing with negotiation, their home is sold and the profits are split equally between both parties. However, there are times when people are not interested in selling their family home. In these scenarios, an agreement will have to be reached in regards to who will make payments and be responsible for maintaining the property. Some important suggestions people may consider include:

  • Waiting to finalize their divorce until all mortgage decisions have been made and signed.
  • Consider renting their property until they reach a point where selling would be beneficial.

Does losing a child increase the chances of divorce?

Losing a child is one of the most difficult things a parent can go through. Unless you have been through it, it is almost impossible to explain. Every day in Texas, parents are going through such a loss. For married parents, that loss can have an effect on their marriage. Often, it is negative. According to Still Standing Magazine, statistics say your marriage only has a 20 percent chance of surviving the death of a child.

Greif is difficult. It is different for each person, as well. The process is something very personal. Even if you have a strong marriage, you may feel distance from your partner. You may push him or her away as part of your grieving process. You both may be on edge and have trouble coping with even tiny things that would have normally just been a small bump but now becomefull-blownn arguments.

How can you protect yourself during your divorce?

You and your spouse have decided that divorce is the only remaining option to resolve the marital conflict that has been a persistent problem. While you feel a sense of relief that your volatile relationship will be drawing to a close, you are also ridden with anxiety about what this significant change will mean for you. Fortunately, there are proactive steps you can take to protect your wellbeing as you work hard to adjust to your new normal. 

Trying to be sneaky or get away with things undetected during your divorce can only create bigger problems. In fact, it can actually hurt your case and hinder your eligibility to receive benefits like alimony. According to Live About, divorce can be a dirty game. When you are aware of common tricks that people often try to get away with during divorce, you may be able to watch for red flags from your ex. Some of the things you should watch out for include the following:

  • Your spouse racking up all kinds of bills on a credit card.
  • Your spouse falsely accusing you of abuse and filing a petition to keep you away from your home. 
  • Your spouse accessing your joint bank account and draining all of the funds.
  • Your spouse withholding communication from you about problems he or she has noticed. 
  • Your spouse petitioning the court for sole custody of your children without providing evidence of why that recommendation is being made. 

Preventing the stress of your divorce from hurting your success

While you may be feeling relieved that you and your spouse are filing for divorce, reality is setting in that your life is about to change drastically. First off, you will have to reconsider your future and reassess your goals. Second, there are decisions to make regarding your finances and retirement needs. Third, if you have children, you will need to try and maintain a schedule and help them understand what is happening. At Fabio + Merrill Attorneys at Law, we have helped many people in Texas to work through divorce as efficiently as possible. 

Because your life is no longer what you have been used to for the past however many years, the uncertainty of your future has probably caused you to feel a bit stressed and uneasy. According to Live About, your efforts to take good care of yourself should be prioritized so you can protect your sanity and stay focused on success. Here are some of the things you can do:

  • Make sure you are getting plenty of sleep and allowing your body time to recover.
  • Change up your surroundings by painting your room or rearranging your furniture. 
  • Stay active and make time to exercise whenever you can. Additionally, develop new habits and avoid turning to addictive behaviors to cope. 
  • Find productive and enjoyable ways to let go of negative emotions. 
  • Eat healthy food and make sure you get a good variety of foods each day. 

Four assets you need to value before a divorce

Dividing family assets is a difficult step during a divorce, especially with significant assets such as a house, rental property and stock options. Even in the most amicable divorces, it is challenging to split belongings with a former spouse.

Before you decide who gets the house, you need to assess the property and assets you have. Establishing the value of those belongings makes the division process easier for you and your spouse.

4 critical factors that affect alimony and spousal maintenance

Financial stability can be a top concern for anyone getting divorced in Texas. However, if you were financially dependent on your spouse during your marriage, you can be particularly worried about how you will support yourself after divorce.

In some cases, spouses are eligible to collect alimony or spousal maintenance. To determine if you might be in a position to collect financial support after divorce, you will want to consider the following factors.

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