In general, the manner in which marital assets are divided during a divorce depends on the laws of the state in which the couple resides. The majority of states subscribe to the equitable distribution approach, in which assets are divided in a fair, but not...
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Year: 2018
Retired basketball star wins child support reduction petition
For many professional athletes, success on the playing field often translates into a healthy pay check and a comfortable standard of living. However, when a career comes to an end, so does the hefty salary and the ability to make possibly excessive payments for...
Couples report that financial issues play role in divorce filings
One of the biggest problems that crop up during a marriage is financial disagreements. One way to avoid some of the problems that couples encounter during a marriage and later divorce is to create a pre-marital contract. Texas residents who are...
Actor Nicolas Cage elects to pay child support for grandchildren
Once a relationship between parents sours, there are many legal issues to resolve, including the care and support of the children. It may be difficult for many parents to cover court-ordered child support payments. Texas parents who are...
Holdays that focus on children may ease child custody disputes
Every parent hopes to instill warm memories of a loving childhood in the hearts of their children. This may seem nearly impossible in the aftermath of a divorce and resulting child custody disagreements. However, Texas parents who go the extra mile to focus on their...
Strategies for recovery after division of marital assets
A divorce is an emotionally and financially turbulent undertaking. In the wake of the division of marital assets, the ability to rebuild may seem insurmountable. Texas residents who are facing a divorce typically have all of the tools they need to...
New program geared toward increasing child support cases
The Office of Child Support was established to ensure that the needs of children of single parent households are provided for through the financial support of the non-custodial parent. To that end, they look for ways to encourage single...
Impact of lottery win on a complex divorce
Since Texas is a community property state, divorce courts typically divide most marital assets evenly between the spouses. This means that, with a few exceptions, any assets or funds the spouses acquire while they are married are on the table during the divorce unless...
Property division and hidden assets
The marriage is over and it is time for the Texas couple to separate their lives as well as their assets. As a part of the process, each individual is required to submit a financial statement that can be used to determine the various assets in addition to liabilities...
The risk of letting emotion overrule reason in child custody
For most Texas parents, few things are more stressful than a perceived threat to one's child, or the prospect of losing access to a beloved child. Child custody cases often bring out the very worst in terms of parental fear. Fear of the unknown, fear of...