Alimony has been a tax-deductible expense for those who pay it and taxable income for those who receive it since 1942, but these rules will not apply to divorce agreements executed starting in 2019. Under the provisions of the Tax Cuts and Jobs Act, spouses who pay...
Steering You Toward Your Best Options
Month: May 2018
Paying for a child’s college education after divorce
Some Texas parents who are getting a divorce might wonder whether it will affect their ability to continue saving for their children's college education. Since two households are more expensive to maintain than one, parents and children may need to revise their...
Keep your parenting time secure
The parenting time that a court chooses to award you is not a loose suggestion about how and when you spend time with your child, even if it is inconvenient for your child's other parent. While there is certainly room to consider hardship on the part of either parent,...
Why parents may want their children to have a prenup
People in Texas who are getting married might want to consider a prenuptial agreement. In wealthy families, it may be the parents who are pushing the need for the agreement. The parents may be concerned about preserving family wealth and making sure that an ex-spouse...
Establishing child custody can be important
Many parents in Texas may be dealing with issues related to divorce, separation and child custody for the first time, and they may wonder what exactly is meant by the term custodial parent. When used in the family court setting, this term generally means the person...
How joint legal custody works for parents and children
When people in Texas get a divorce, they might share both physical and legal custody of their children. In another arrangement, one parent might have physical custody while the other person has visitation rights while they both still share legal custody. The parent...