Texas couples who are going through a divorce and who are business owners may face a difficult choice to either sell or keep the business. The first step is getting the business appraised.
The divorce process for some Texas couples may be more complicated if one or both partners own cryptocurrency assets. Most people both in and out of the legal system are unfamiliar with cryptocurrency, and the asset can be both easy to hide and difficult to valuate.
Many things change when a couple ends a marriage in Texas, especially if children are involved. One of these things is how taxes are handled, especially when it comes to claiming dependents and taking advantage of tax credits. Being able to claim a Head of Household filing status coupled with the possibility of claiming tax credits has the potential to add up to significant savings or provide extra cash.
The thought alone of co-parenting is enough to raise your stress level. Once you're in the thick of things, you'll come to find that there are potential mistakes and challenges waiting around every corner.
As many people in Texas may already be aware, divorce can be a very difficult process that's emotionally and financially draining. This is just as true no matter how old the couple may be. However, the increasing rates of "gray divorce," which involve spouses over 50, has led to many unique issues for Americans close to retirement.