McKinney Texas Family Law Blog
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HOW TO DISCUSS A PRENUPTIAL AGREEMENT AFTER GETTING ENGAGED
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,…
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How do people hide assets during divorce?
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,…
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Why are older couples getting divorced more often?
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 in…
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Could an extra service actually reduce the cost of a divorce?
Divorce can be a financial double whammy. People have to divide their property with their spouses, which will diminish their personal wealth substantially. They often have to accept a lower standard of living than they enjoyed during the marriage.
They will also have to pay for … -
Will division of retirement assets trigger a penalty?
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 …
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Can you address child custody in a prenup?
You’re getting married, and you know that you plan to have children in the future. You want to make sure that your future with those children is always secure and that you get to spend time with them. You also know that divorce is fairly common and that you and your spouse migh…
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How hidden assets can impact the outcome of a divorce
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 ne…
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What happens if your spouse won’t negotiate during the divorce?
You want a divorce, but your spouse – for whatever reason – doesn’t want to admit that the marriage is over.
That’s made negotiating an end to your relationship particularly difficult, if not impossible. You’ve been stuck at a stalemate for months now, with no sign of … -
Can one parent leave Texas with the children after a divorce?
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 … -
Co-parents: Remember these 5 tips
Children who are learning how to live in two homes because of their parents’ divorce will look to those adults for stability. In some cases, these children will have the benefit of their parents being able to work as a true parenting team through co-parenting.
It isn’t alway…