Although it is illegal, a spouse in a high-end divorce may try to hide assets from you. If this occurs, it becomes challenging to determine a fair settlement agreement. Suppose you do not actively manage your marital finances with your partner, or your spouse owns...
Divorce
What to know if you are planning a divorce in Texas
Divorce may be one of the most challenging chapters in your family members’ lives. The financial status of any couple seeking divorce presents its own specific concerns. For example, high-asset divorces may be more complicated. Yet all divorces have one commonality:...
How to approach divorce as a stay-at-home mother
You have spent years focused on raising your children and keeping your house running. You sacrificed your career to raise your family and you have not worked outside the home. Recently, you have contemplated divorce but you wonder if your lack of employment and income...
What if you cannot serve your spouse with divorce papers?
If you are contemplating ending your marriage, you may be ready to finish the process and move on with your life. Before you get to that point, though, you must divide marital property and settle child custody issues. To improve your financial future, you may also...
3 reasons to not represent yourself in your divorce
In your divorce, you have the option to represent yourself in court or hire an attorney to help you. You might want to represent yourself if you believe you are a talented negotiator or feel tempted to save money by not paying attorney’s fees. However, making this...
3 surprising facts about mediated divorce settlement agreements
On television, divorces are almost always knock-down, drag-out battles between each spouse. In reality, though, the end of your marriage does not have to be such a brutal fight. If you and your spouse agree to mediation, you may spend little time in open court. With...
The best interests of the child
When a Texas court must decide how to handle custody during a divorce, it looks at what is in the best interest of the child. This legal standard is common across custody cases in the United States. What do courts look at to determine what is best for children of...
What is not marital property in Texas?
Texas follows the community property standard when dividing property in a divorce which means that all property acquired during the marriage belongs to both spouses equally. Under the Texas Family Code, “separate” property, the property owned before your marriage, is...
Mediation divorce after 50 and your financial future
For women, especially, later-in-life divorce is a process that comes with financial consequences that must be carefully managed. Homeownership, tax considerations and investment decisions are areas of concern that mediation can address without the need for court...
Understanding property division during a Texas divorce
While fewer Americans are divorcing than in past decades, the experience remains common in the U.S. The American Psychological Association reports that 40% to 50% of couples nationwide ultimately go their separate ways. When facing divorce, determining who gets...