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July 2019 Archives

Here's how Texas judges look at income for child support

Providing financial support for a child is an important part of being a parent. When parents are divorced, one parent usually -- although not always -- pays child support to continue providing that sense of financial security. However, a parent cannot rely on a friend or family member's support order as a predictor of what he or she might pay. In Texas, judges take a variety of factors into account.

Using child custody agreements to address back-to-school matters

Parenting after a high-conflict divorce is often much harder than most people realize. Advice that might be suitable for those who are effectively co-parenting per their child custody agreements usually does not apply to parents in high-conflict situations. Back-to-school time can further strain tensions between parents who continue to engage in ongoing acts of aggression after divorce

How to find tax benefits in divorce

In the past, people could deduct any alimony they paid from their taxes. Although recipients were taxed on received alimony, this arrangement generally resulted in less taxes being paid overall, which helped payers afford higher monthly alimony payments. Changes to the tax laws have made it so that people can no longer deduct any alimony payments. This means that a couple going through a divorce may have to look elsewhere to find tax savings.

Don't let divorce ruin retirement plans

Saving for retirement is not something that happens overnight. Most people in Texas spend decades putting away money for later in life, but divorce can disrupt even the most carefully planned retirement. Regardless of a person's age when filing for divorce, it is important to be aware of how retirement savings are handled during divorce. Otherwise, protecting future financial security during retirement may be much more difficult.

Maintaining child support when co-parenting

A parent is obligated to provide financial support for his or her children which is pretty straightforward if a child's parents are still married. After divorce it takes a little more effort to make sure a child is still financially secure. Child support is usually the best method for this, and parents in Texas can even make their own support arrangements through alternative dispute resolutions, like mediation. Still, it is not uncommon for co-parents to experience support-related issues, so here are a few ways to get back on track.

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Law Office of Jacqueline McNutt
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