Routinely, divorce decrees include language that the parties have represented that they have made a full and complete disclosure of all assets and debts of the community and separate estates and that such disclosure is a material part of the consideration for the agreements set out.
In the State of Texas, there are two main types of divorce: fault and no-fault. There are different approaches to a divorce a couple can take, including mediation; but when it comes to filing in court, it is only about claiming fault.
During divorce proceedings and the division of assets, a common question that comes up is who keeps the wedding ring. In the state of Texas, the engagement ring is a gift that is conditioned upon the acceptance of the proposal of marriage. Once the acceptance is made, then it becomes the property of the person who accepted the proposal of marriage. Following the proposal, the ownership of ring can sway depending on a variety of different factors.
During a divorce, distributing shared assets can be difficult. This is especially true in the case of stock options.Throughout the course of marriage, couples can contribute to joint funds together or invest in property. When the marriage ends, however, determining what happens to stock options and assets accrued over the years can get unfair or confusing.
Premarital agreements are seen as a safety net for engaged couples in case something goes wrong. Negotiated before they say “I do,” the contract sets out how property will be divided in the event of divorce. If one spouse is wealthier than another, it often protects that property from going to the poorer party.
Divorce records in Texas are public, which means anyone can access them simply by following a few steps. These steps apply regardless of whether you want to access a public divorce record from home or in person.
A divorce is a painful process to go through, and can be a difficult time to make the proper decisions. Do not make it hard on yourself by making common divorce mistakes that can cost you time, money and often unnecessary heartache. By knowing them, you can avoid them.
It may sound ridiculous, but when you’re engaged in divorce proceedings, any amount of digital evidence can be used in your divorce case. As one young man learned the hard way, even Pokemon Go can cause relationship strife.
Obviously, the cases in which Pokemon Go holds truly incriminating data are few and far between. But as technology like this wildly popular app surround our day-to-day routines, it certainly raises an important question.
When divorced parents come to live in different residences, only one parent can claim a child as a dependent. The IRS provides information about this matter in Publication 504, which covers divorced and separated individuals. You and your former spouse should talk about these things as they affect the issue at hand, specifically well before tax season.