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Divorce Archives

Protecting assets in a second marriage

People in Texas who are getting married for a second time may want to take steps to safeguard their finances and ensure that children from a previous marriage still receive their assets after their death. Both prenuptial and postnuptial agreements may be useful.

Divorce rates surge in the summer months

Divorce rates in Texas and around the country tend to rise sharply in March and August according to a study conducted by sociologists from the University of Washington in 2016. Experts believe that the biannual surge is caused by marital problems rising to the forefront when spouses spend more time in one another's company. Divorce filings fall in September when children return to school and schedules go back to normal, and then they pick back up again during the holiday season.

Lottery winnings are marital property, judge rules

Texas residents must be concerned about property settlements during a divorce. That concern is highlighted even more whenever one spouse suddenly comes into a significant amount of money. An arbitrator in Michigan recently ruled that a man must pay his wife nearly $15 million after he won more than double that while playing the lottery. The man was left with nearly $39 million after taxes and deductions, leaving his wife with slightly less than half of his landfall.

Realism in the court: divorce and job loss

In Texas and elsewhere around the country, no one wants to lose his or her job while in the midst of a divorce. Getting divorced is hard enough on the emotions without suddenly losing the prospect of earning a living. Plus, there is the question of how a family court will look at the fact that the husband or wife recently lost his or her job. The court will question the person to find out why he or she is no longer working.

USDA wants states to implement SNAP child support provisions

The Supplemental Nutrition Assistance Program helps almost 40 million people in Texas and around the country to meet their food bills. The rules outlining how the program is administered can be found in the Food and Nutrition Act and SNAP regulations, and they allow states to deny food stamps to noncustodial and custodial parents who are not willing to cooperate with state agencies that oversee child support. However, few states have chosen to implement the child support cooperation provisions.

Documents a woman should obtain before filing for a divorce

Texas women who feel a divorce is imminent should be aware of three documents they should have on hand if they want to proceed with the best financial strategy. While divorce is difficult for all people regardless of gender, women specifically are often left in the dark about their household's financial situation, financial and legal assets and investments.

Dealing with a business during a divorce

Businesses that are established during the course of a marriage are usually considered part of the marital estate, which can lead to highly contentious property division negotiations when their owners divorce. This is especially true in states like Texas with strict community property laws that require marital assets to be divided equally. In these situations, divorcing spouses can either sell the business, continue to run the company as before, or one spouse can buy the other out.

Divorce more common when woman earns more

Sharing finances can be difficult for many couples, and money is often a touchy subject that may lead to divorce for married partners. Not having enough money is not always the problem. Texas residents might like to learn more about issues that could arise when a woman makes more money than her husband.

Insurance issues for stay-at-home spouses

A divorcing couple typically considers issues regarding real estate and child custody early in the separation process. However, there are other very important matters for divorcing spouses in Texas to take into consideration. One of those issues is insurance. Spouses with and without children should look into how they will handle health and life insurance after their divorce is finalized.

Stay-at-home mothers and property division

Some women in Texas who get a divorce may be among the more than 25% of mothers who do not work outside the home. Among mothers with at least a master's degree, 10% stay at home. This choice is approved of widely with over 50% Americans saying they think the mother is a better caregiver for a newborn than the father. Despite this, not everyone agrees that the mother deserves an equal share of the marital assets in a divorce.

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Teller Law Firm, P.C.
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Grapevine, TX 76051

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