Texas is a community property state, meaning that when a couple gets divorced, their assets must be divided evenly between both parties. This can make the property division process easier, but it can cause added stress if the individuals don't want to share their...
Divorce is always stressful, but couples who divorce at an advanced age experience an additional set of complications. Simply put, older divorcees possess less time and opportunity to recoup any financial losses that result from divorce. This fact can cause Social...
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...
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...
Annuities involve an insurance company paying the investor a lump sum or payments. A variable annuity is a type of investment that can rise or fall based on the investment. The investor does not pay taxes until they get paid or make a withdrawal. If a Texas couple...
A parent in Texas who has a custody or visitation arrangement with the other parent might become concerned about the child and want to stop sending the child for visitation. There are limited circumstances in which a court may view this as appropriate. Parental...
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...
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...
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...
When people go through a divorce after working for years, there may be retirement accounts that must be divided. These accounts are often overlooked because retirement is not on the minds of the couples while they're divorcing. In Texas, the courts use a special type...
