Texas residents who are planning to or in the midst of a divorce may be concerned with the hit their finances may take due. While it is true that for some people, divorce can result in financial complications, for others, there may be positive financial outcomes....
When people in Texas decide to divorce, the financial consequences can be significant. Even after the emotional feelings about the end of the marriage have subsided and the practical matters are resolved, asset division can permanently change each partner's financial...
Texas physical custody cases often wind up hinging about the child’s best interest, which is a legal term that carries a lot of weight. The child’s best interests could be widely varied, but the court generally boils it down to three elements. Those are the child’s...
If you own a business and think you are the sole proprietor, Texas law does not necessarily agree. Family law views a business as a marital asset in this state. If you are married and get divorced, that business becomes part of the community property equally owned by...
When issues arise within a family that lead to the separation of both parents, it can place any child in a tough position. This will often lead to a child custody case. A common misconception regarding child custody is that there is only one outcome with the child...
If you live in Texas and are getting a divorce, you may need to go through a process of dividing an annuity, an IRA or a 401(k). You may want to consult a financial professional along with your attorney during this process since there can be complex tax implications....
During a divorce, Texas couples will need to negotiate their settlement. The way this is handled depends on what each spouse contributed to the marriage and whether both spouses worked. As couples go through the dissolution of the marriage, they will negotiate several...
When a Texas child wants to change residences between their parents' homes, it can be a difficult conversation between the child and parent. The parent needs to be extremely careful not to make the situation worse when having this conversation. However, if they have...
Divorce proceedings bring forth many financial questions for Texas residents. Matters related to the division of property, alimony, and more might create confusion and concerns. Some people might not realize that there are financial planners who specialize in...
Qualified domestic relations orders, which are issued by family law courts, grant divorcees in Texas a portion of an ex-spouse's retirement benefits. Benefits must be part of an employer-sponsored plan for the retirement plan to qualify. It is common to draft QDROs...
