Tax season may raise some questions for Texans going through a divorce, especially parents of dependent children. Claiming a child as a dependent on a tax return can offer significant financial benefits. However, only one person can claim each child as a dependent at...
Year: 2019
What may happen to a business in a divorce
Business owners in Texas can protect company assets in case of divorce with a prenuptial agreement. However, it can be difficult for spouses to talk about prenups and the possibility of divorce. Therefore, another option is to address divorce-related issues in the...
Making the divorce process more civil
Divorce is an arduous process that can bring out the worst in people. During a divorce, people who loved each other once can sometimes act as if they are bitter enemies, trying to hurt the other person at every turn. As a result, it is important for people going...
How parents can create a workable custody schedule
One step that is necessary for parents in Texas who are getting a divorce is making a schedule for custody and visitation. It is important for parents to keep in mind that the purpose of this schedule is for the child to maintain the relationship to each of them and...
Financial reasons couples may want to reconsider divorce plans
Even with stats showing that about half of all marriages eventually come to an end, most couples walking down the aisle in Texas have visions of a lifetime together. Still, there are times when some life partners begin to explore the possibility of permanently...
Retirement account division needs extra attention during divorce
When a Texas couple decides to end their marriage, they will have to split their retirement accounts as part of the divorce settlement. The splitting spouses should give careful attention to the details involved in the division and distribution of retirement accounts...