A prenuptial agreement is a written contract between engaged individuals that can help to minimize their risk levels should they eventually opt to divorce. The typical prenuptial agreement discusses how people intend to divide marital income and assets acquired while married, as well as how pre-existing resources, like a small business or a home, that they already own before getting married will be managed in the event of a split. Prenuptial agreements protect each spouse from financial challenges in the event of a divorce and also serve to minimize the conflict and expense involved in divorce ..read more

It is illegal to hide assets during a divorce. Couples need to make a disclosure of all the assets they have jointly acquired during their marriage, as all marital assets are subject to division. The only things that should be excluded from the marital estate are separate assets, such as items that spouses purchased before the marriage or direct gifts that were given to them specifically and were not comingled during the course of their union. However, people do often attempt to hide assets when they don’t want to divide them. For example, perhaps you recently filed for divorce from your spous ..read more

Over recent years, studies have found that older couples are starting to get divorced at a higher rate. In fact, most young people have a declining divorce rate in the United States, despite the common misconception that 50% of marriages end in divorce. But gray divorce, which involves those who are 50 years old and older, is becoming more and more common. This rate is increasing. There’s clearly a divide between older and younger Americans. What is it that is causing older couples to split up at a higher rate when the exact opposite is happening to everyone else? These are a few common reason ..read more

Couples who have accumulated more resources during their marriages often have a more difficult process when they decide to divorce. More assets to divide will mean more financial terms to negotiate and more resources to disclose and value. People may disagree about how to divide their property and may struggle to complete the asset division process without incurring additional losses. Often, retirement savings are among the most valuable shared property couples have after a lengthy marriage. Retirement savings may add up to seven figures or more when people are close to retirement age. Even if ..read more

In theory, Texas state law grants both spouses a right to a fair share of their marital estate. Community property laws generally render all income earned and assets acquired during the marriage the joint property of both spouses. If spouses cannot reach a mutual agreement and need to litigate their divorce, a judge will divide their property. There could be a 50/50 split, or a judge could deviate from that standard in the name of fairness. However, it can be a real challenge to actually determine what would be a fair solution for the division of community property. Spouses may disagree about ..read more

Sharing custody of minor children is often a real challenge for parents. Frequently seeing one another to exchange children can provoke emotional reactions, and having limited access to the children whom a parent loves is never easy. Some parents in Texas who are trying to make their shared custody arrangements work will find themselves facing what seems like an insurmountable challenge. When one of the parents wants to leave Texas, possibly for a new romantic relationship or a job offer, the other may worry about what that move would mean for their relationship with their children. Can one pa ..read more

Your Texas custody order technically determines most of the details about your relationship with your children. From when you get to see them to how much support you receive or pay, the Texas family courts determine those responsibilities based on your family’s circumstances and what a judge feels would be in the best interest of your children. The law assumes that having both parents present and actively involved in a child’s life is the best possible arrangement for the family, barring any serious issues like drug addiction or child abuse. You and the other parent will typically share both p ..read more