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Posts tagged "Divorce"

Divorce: Amazon founder never signed prenup

Amazon is such a common feature in the lives of most consumers that it might be hard for some people in Texas to imagine a world without online shopping. Amazon CEO and founder Jeff Bezos might also find it hard to think back on the past before he created one of the largest retailers, especially as he heads for what will surely be an expensive divorce. The couple never signed a prenuptial agreement.

Modifications are sometimes necessary after divorce

Ending a marriage can be an emotionally taxing process, and reaching the best possible solution to important matters like child support, custody and more usually feels like a monumental achievement. So what are you supposed to do when something gets in the way of your divorce agreements? You may have to go back to court for a modification or enforcement order. 

Want a better divorce? Forget about getting revenge

In some cases, getting divorced might seem like more hassle than it is worth. There are the seemingly endless months of litigation, money shelled out for court fees and the emotional burden of fighting an ex over every small matter. Contrary to the popular depiction of divorce in the media, most Texas divorces do not have to go this way.

Divorce will be more difficult after the first of the year

Ending a marriage is never an easy process, but there are recent changes to tax laws that could make it even more difficult in the New Year. On January 1 of 2019, laws that have been in place for 75 years will change, affecting how taxes work for those who pay or receive alimony. As a result, many people have been trying to finalize their divorces before the end of the year. Those in Texas who will file for divorce in 2019 will find it beneficial to learn about how the process will affect them and what to expect.

A postnuptial agreement can protect you during divorce

Some Texas couples feel that they do not have enough assets to warrant a prenuptial agreement. Others worry that bringing up the topic will send the wrong message to their fiance. For whatever reasons a couple decides to forgo a prenup, ideas of what a marriage will be like and the reality of how it actually is are often quite different.  However, this does not mean that they will have to resign themselves to being unprotected during a divorce.

What to do about your pets during divorce?

Leaving a spouse is one thing, but saying goodbye to a pet is another altogether. For many people in Texas, pets are truly members of the family, making separating from them a painful and difficult experience. However, going through a divorce does not mean potentially giving up on ever seeing a beloved animal again.

Will divorce derail my retirement?

Most married people in Texas spend their entire lives working toward a single, shared goal -- retirement. Although divorce can complicate those plans, it does not mean that people should remain in an unhappy marriage to protect their retirement savings. Instead, focusing on ways in which to minimize the financial impact of ending a marriage can help each spouse pursue a happier and financially stable retirement.

Do you know which assets you'll divide during divorce?

Like most people, you probably purchased items or acquired assets during your marriage that were for your sole use. However, because of Texas family law, most property acquired during marriage is considered to be that of both people unless one person can demonstrate otherwise. This community property approach can complicate your divorce.

How do you know if you'll get alimony after a divorce?

Texas parents usually understand that child support is essential for their child's well-being. Less clear, however, is the importance of alimony. Many people are understandably uncomfortable with the idea of paying their ex after a divorce, but doing so is often necessary. 

Starting a business? Make sure it's shielded from divorce

Owning a business is one of the most rewarding experiences for entrepreneurs. While these innovative individuals often put a great deal of planning and effort into even the smallest aspects of their companies, they often fail to implement an important protection -- a prenup before any planned marriage. Creating a barrier between business and divorce is important for Texas business owners who want to make sure that their livelihood is not threatened. 

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