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 always equal manner. Texas, however, is one of the few states that adheres to community property laws, in which all marital property is divided equally among spouses during the division of marital assets.
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 child support and other expenses. Regardless of one's current economic conditions, a sudden reduction in income could cause many Texas parents to struggle to meet their court-ordered obligations.
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 curious as to how these documents can protect them may seek information from experienced professionals.
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 struggling to meet these obligations may need to seek assistance through the family court system.