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...
Houston Divorce Blog
Common myths regarding divorce and Social Security
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...
Do you need a financial planner for your divorce?
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...
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...
Variable annuities should be divided carefully
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...
When and how to refuse court-ordered visitation
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...
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...
QDRO required for division of private retirement plans in divorce
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...