The marital home is often the most emotionally charged asset in a divorce and one of the most complex to resolve. The main options are: Sale of the home with proceeds divided between the spouses One spouse buyout — one spouse refinances and pays the other their share of equity Deferred sale — the home
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In Texas, a child who is 12 years old or older may express a preference to the judge of where he/she wants to live. However, it is important to understand that the court is not bound by that preference. The judge will still make a decision based on the child’s best interest overall. Call Jane
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Child support ensures that both parents contribute financially to the raising of their child. In Texas, child support is calculated using a straightforward formula based on the paying parent’s net monthly income. How Is Child Support Calculated? Texas law sets child support as a percentage of the obligor’s (paying parent’s) net monthly resources: 1 child:
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In Texas, what most people call ‘custody’ is referred to in the law as conservatorship. There are two main aspects: who has the right to make important decisions about the child (legal custody), and where the child primarily lives (physical custody). Types of Conservatorship Texas courts recognize two forms of conservatorship: Joint Managing Conservatorship (JMC):
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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
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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
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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
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Coming to the decision of filing for divorce or getting ready for a custody battle can be an overwhelming and emotional moment. To assure that your meeting with a prospective attorney to represent you is time well spent, you should create a list of questions to have prepared to determine whether the attorney and you
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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
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You are separated from your spouse or in the middle of your divorce. Emotions are running high and so you do not want to call your ex but instead, you decide to send a long email or slew of text messages and give him or her a piece of your mind. Beware that you may
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