Could your drinking impact your child custody arrangements?
JB Schwartz PLLC Blog
by gturnercontentcustoms
1M ago
Alcohol plays a big part in modern culture. People go out for drinks with coworkers or clients. They may treat themselves to their favorite beverage after a long day at work or a stressful week. Unfortunately, alcohol can have negative impacts on someone’s behavior and their daily life. Some people develop issues with alcohol where they do not control their drinking or engage in inappropriate conduct after consuming alcohol. Sometimes, alcohol can contribute to a Texas divorce. Other times, alcohol can affect the outcome of divorce proceedings. Someone who drinks regularly may worry that their ..read more
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Is an illicit material addiction a valid reason to file for divorce?
JB Schwartz PLLC Blog
by gturnercontentcustoms
3M ago
Pornography is so common online that even young adults can quickly and freely access it. Its popularity may make some people think that pornography is harmless. However, those married to someone seemingly obsessed with pornographic materials may feel quite differently. Frustrated spouses sometimes question whether pornography is addictive and if their marriage is over because of the addiction that their spouse has developed. They may have asked their spouse to stop or limit their consumption of pornographic materials to no avail. Should these spouses keep fighting for their marriages or call i ..read more
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The importance of proper business valuation in a Texas divorce
JB Schwartz PLLC Blog
by wreedcontentcustoms
5M ago
The more property couples acquire during a marriage, the more they will have to disagree about when they divorce. Running a business can provide a family with a comfortable standard of living during a marriage, but it can quickly complicate the property division process during a divorce.  People may worry about divorce negatively impacting the company’s resources or the possibility that they would need to continue running the business with their spouse even after the divorce. Reaching an appropriate agreement about what happens to the business may require a lot of negotiating between spou ..read more
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How is a Family Business Divided in a Divorce?
JB Schwartz PLLC Blog
by yashavanthakumar.ts@thomsonreuters.com
5M ago
Divorce can be complex and emotionally challenging, especially when it involves dividing assets, including a family business. In Texas, all assets acquired during a marriage typically become part of shared community property, which may be divided during a divorce. However, there are exceptions, such as assets inherited or received as gifts, which generally remain separate property. The Importance of Documentation If you are a business’s sole owner and operator, it is crucial to have a written agreement that verifies it as your separate asset. Texas judges can also consider the financial and la ..read more
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How is a Family Business Divided in a Divorce?
JB Schwartz PLLC Blog
by sairy.romero@thomsonreuters.com
7M ago
Divorce can be complex and emotionally challenging, especially when it involves dividing assets, including a family business. In Texas, all assets acquired during a marriage typically become part of shared community property, which may be divided during a divorce. However, there are exceptions, such as assets inherited or received as gifts, which generally remain separate property. The Importance of Documentation If you are a business’s sole owner and operator, it is crucial to have a written agreement that verifies it as your separate asset. Texas judges can also consider the financial and la ..read more
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What kinds of damages are available for breach of contract?
JB Schwartz PLLC Blog
by jonathan.brandis@thomsonreuters.com
9M ago
A breach of contract can leave the non-breaching party seriously damaged. Business in the Dallas-Fort Worth Metroplex revolves around contracts and the parties’ promises to fulfill their contractual obligations. Failure to live up to one of those promises can render the damaged party unable to do business. They might have to sue for compensation to regain what was lost. Making you whole again The plaintiff in a breach of contract lawsuit can seek several types of compensation for damages. The most important of these is compensatory damages, which seek to make the plaintiff financially “whole ..read more
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The link between marriage age and divorce odds
JB Schwartz PLLC Blog
by gturnercontentcustoms
11M ago
How old were you when you got married? If you’re thinking about your odds of divorce, the answer to that question becomes surprisingly important. The chances that your relationship is going to end in divorce are closely tied to the age at which you and your spouse tied the knot. Researchers who have looked at statistics about marriage over the decades found that getting married before age 32 increases the odds of divorce. For every year that a young person waits, the odds of divorce go down by 11%. For instance, if someone considers getting married at 20 years old and waits until 21, their odd ..read more
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What is financial infidelity during a marriage?
JB Schwartz PLLC Blog
by gturnercontentcustoms
1y ago
Marital infidelity has always been a leading cause of divorce. People who have emotional or sexual affairs with another person damage the bond with their spouse and destroy the crucial trust and honesty on which people build relationships. Quite a few people file for divorce after discovering that their spouse has had – or is still engaged in – another relationship. However, romantic infidelity is not the only kind of infidelity that affects modern marriages. Many people also move to change their marital status when they experience financial infidelity. Just like emotional and sexual infidelit ..read more
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3 requirements for Texas parents who share custody
JB Schwartz PLLC Blog
by gturnercontentcustoms
1y ago
Sharing custody is a challenge, but it is a necessity for millions of parents who divorce or choose to live separately before their children become adults. Shared custody scenarios are often rife with conflict between the parents, and children, especially teenagers, may use that conflict to their advantage to get out of consequences and responsibilities. They may also struggle more emotionally when there is noticeable conflict between their parents. Parents may struggle with having limited time with their children and also with needing to maintain an ongoing relationship with their former roma ..read more
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2 challenges created by retirement accounts in a Texas divorce
JB Schwartz PLLC Blog
by gturnercontentcustoms
1y ago
When people get married and combine their finances, they generally start sharing resources and working toward shared financial goals. Retirement savings are often an important component of a couple’s financial plans for the future. Those funds may, for example, allow them to travel or keep their home in safe condition after retiring and eliminating their main sources of household income. Married couples can contribute jointly to retirement accounts or may have separate accounts maintained at their respective places of employment. In either scenario, a couple’s retirement savings will likely be ..read more
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