How is Property Distributed in a Divorce?

In Texas divorces, property distribution is handled according to the legal rights of both parties. Any children involved will be taken into account when the court is determining how property should be distributed. Texas is a community property state, which means that property acquired is would be considered community property and is subject to distribution under state law. In many cases, both parties may still retain joint ownership of property within the state, or some other arrangement in the best interests of both parties is also possible.

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Factors that Play into a Determination of Child Support

Child support awards in Texas are in general established by a mathematical formula. The amount of support that a noncustodial parent may be ordered to pay depends in part on how many other children the parties have together. Parents making less than $7,500 a month have a guideline support amount of 20 percent of their income for one child, with the amount increasing in increments of 5 percent for each additional child up to six.

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A Short Primer on Texas Child Custody Laws

Texas law uses the term “conservator” to denote an individual who has custody of a minor child. A conservator has certain rights and privileges related to the child, but there are also legal responsibilities that must be fulfilled. In a divorce, the choice of who has the conservatorship may made by both parents jointly filing a custody plan, or it may be decided by the court.

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Financial Issues that are Frequently Overlooked in Divorce

As many Texas readers know, it is important for couples going through a divorce to have a clear picture of both their current finances and the financial needs they will both have once the process is final. There are many factors to consider in divorce and it is easy to overlook issues, particularly in cases involving complex property division. It can be complicated and expensive to revise a divorce order, so it is to everyone’s advantage to make certain that nothing is overlooked in the initial agreement.

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