Financial disagreements are among the leading causes of divorce. According to divorce finance professionals, 22% of divorcees cite monetary issues as the reasons for their split. If you have been considering a divorce in Texas, a lawyer is likely the first...
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Dealing with complex finances in a divorce
When people in Texas get a divorce, they must be completely transparent with one another about their assets. This is especially essential when dividing their property. It can be easy to misunderstand or overlook some assets, and in some cases, one person might try to...
Tax issues arise after a divorce
When someone in Texas has taxable earned or unearned income, the federal and local agencies seek to collect what is due. Someone entering into divorce proceedings might find previously complicated tax issues are more challenging to figure out. People may make mistakes...
Research finds the most common reasons for divorce
For some couples, marriage does not result in a fairy-tale ending. In fact, recent studies show that 42% of couples in Texas and around the country marrying for the first time end up divorced. Those statistics are worse for second marriages with 60% filing for...
Divorced Social Security recipients could qualify for extra benefits
Statistics show that 21% of married couples in Texas and around the country rely on Social Security to provide 90% of their income. While Social Security improves quality of life, the benefits only pay 40% of salary. Beneficiaries will want to ensure that they get the...
Retirement accounts after divorce in Texas
Divorces aren't just about the end of a romantic relationship; they're also about negotiating custody schedules, figuring out who gets what pet and dividing property. The division of property can sometimes mean something simple like selling a home and splitting the...
Protecting finances during a ‘gray divorce’
Couples who have decided to end their marriages after spending decades together may experience a lot of emotional and financial hardship. These "gray divorces" involving older spouses are becoming more common throughout Texas and the rest of the U.S. Couples who have...
The rules of an uncontested divorce
Generally speaking, individuals in Texas and throughout the country can file for a divorce without their spouse's permission. If the other spouse fails to sign divorce papers, a court will likely consider the divorce to be uncontested. This often means that he or she...
Tips for the lower-earning spouse in a high-asset divorce
In a Texas high-asset divorce, the higher-earning spouse might know significantly more about the couple's finances than the other person. It can be important for the spouse who is earning less to find out as much as possible about the family finances. An attorney who...
Assets held in other countries in divorce cases
Preserving assets during a high net worth divorce is frequently a key consideration. Wealthy couples who go through divorces in Texas might encounter special issues when their estates include multinational interests and assets held solely overseas. In those types of...
