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Barbara L. Jouette, Attorney, P.C.
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September 2014 Archives

Money mistakes to avoid during a Texas divorce

Although a divorce may be an emotional time in an individual's life, nothing should be overlooked from a financial standpoint. Making mistakes such as underestimating cash flow needs or the impact of joint liabilities can stunt a person's efforts to live a financially secure life after the marriage has ended. It is also important to look over prior tax returns to determine if any tax assets need to be considered in a divorce settlement.

Determining child support awards in Texas

Texas child support laws require the noncustodial parent to provide support until the child is 18 or graduates high school, whichever is later. For disabled children, this obligation may be indefinite. Child support awards are based on the net income of the noncustodial parent.

Prenuptial agreement challenged in high-asset divorce

Married or soon-to-be married couples in Texas can take heed from this example of a divorcing spouse challenging an 11-year-old prenuptial agreement. The agreement stipulated that the wife would receive a one-time payment of one percent of the husband's assets in the event of divorce. The wife has filed to overturn the agreement and proceed with routine property division under Illinois state law. At the same time, she filed for sole custody of their three children and relocation rights. Her specific charges against the prenuptial agreement's validity may be worth the attention of Texas couples.

The benefits of prenuptial agreements

When two people decide to get married in Texas, they may not be considering a prenuptial agreement. However, according to a recent article, the documents are apparently gaining in popularity, suggesting that many individuals wish to protect their rights and their separate property.

Texans benefit from careful asset protection in a divorce

A recent divorce dispute involved a husband who wanted half of an inheritance his wife had received from her grandfather's estate two years before. This type of situation is not uncommon in a divorce, and different circumstances may apply from one divorce case to another. An important distinction is legally made between separate property, which is not divided, and marital property, which is divided.