What financial documents should I gather when preparing for a Divorce?

JMG Legal, PLLC

What financial documents should I gather when preparing for a Divorce?

Here is a good place to start— Tax Returns (last 2 years) W-2 statements (last 2 years) Paystubs (last 2 months) Bank statements (last 2 years) Credit card statements (last 2 years) Retirement account statements (last 2 years) Investment account statements (last 2 years) Pre/Post marital agreements (if any) Most recent mortgage statement Business formation

Read More...

Co-parenting after a Separation or Divorce

Co-parenting after a separation or divorce can be difficult but establishing healthy boundaries can establish a sense of stability for everyone involved especially for you and your children. Here are a some very important considerations: Establish expectations for communication (ex: text messaging, emailing, co-parenting apps). Outline days and times that each parent will have with

Read More...

What is separate property?

In Texas, separate property means anything that you owned before the marriage, anything you inherited, or anything that was gifted to you. However, separate property can inadvertently become a mixed-character property or community property. Some common ways in which separate property might become mixed property include: Refinancing your separate property (like a house owned before

Read More...

Money Mistakes Newlywed Couples Make

After you recently got married or are close to tying the knot, take certain steps to avoid these money mistakes newlyweds make. Doing so may bring you closer to achieving your financial goals. 1. Avoiding Honest Conversations about Money Money can be an intense topic but avoiding honest conversations about how you are going to

Read More...

Checklist: What to Do After Your Divorce is Final

After months or years, your divorce is finally over and it is natural to want to put it behind you but there are certain steps that you should take to tie up loose ends. The following checklist can be a helpful tool of what to do after a divorce. Not every item below may apply

Read More...

Not the Right Reasons to Refuse Visitation

Too often bitterness, anger, and pain can lead couples to separate. After the separation or divorce, it may be tempting for a parent to try to use their child as leverage to get back at an ex-partner or ex-spouse who has caused them to suffer. This is not in the best interest of the children.

Read More...

Separation Agreements in Texas

There is no provision for “legal separation” in the Texas Family Code. However, it is possible for spouses to contract for rights, duties, and obligations contained in a properly executed separation agreement. For a separation agreement to be valid and enforceable, the separation agreement should: Be in writing; Signed by both spouses; Entered into without coercion,

Read More...