Divorce is a complex and emotionally challenging process that often involves the issue of spousal support. In Texas, spousal support, also known as alimony, can be awarded to provide financial assistance to a lower-earning spouse during and after the divorce. It is important to understand...
Getting married is an exciting and happy time, but it’s also a time to consider practical matters, including financial planning. One of the most effective ways to protect your assets in case of divorce is by having a prenuptial agreement. A prenuptial agreement, also known as...
So you and your spouse have had a difficult conversation and decided to end your marriage. Whatever the reason, you now have the divorce process ahead of you. The first step is filing for divorce. Without that, the proceedings cannot begin. The state of Texas does...
In the United States, debt is no foreign concept. According to a 2021 CNBC report, the average American has $90,460 in debt. When it comes to loans, 19.4 million Americans have personal loans. People take loans for a myriad of reasons. Education is the most common...
When getting divorced, some things come to mind immediately. Your property, your children, and paying child support. Something that might not be front of mind, however, is life insurance. Life insurance is an integral part of financial planning. Many get life insurance once they are married...
In the United States, the divorce rate is 2.3 per 1,000 people in the population according to the Center for Disease Control and Prevention. Divorce happens for a myriad of reasons and at varying times. A more common trend that many don’t realize is that...
There is a lot that must be decided when a couple divorces. Other than children, property split is the next big thing to determine. In addition to property, there is one more aspect that people might not think of right away - debt. According to a...
If you are going through a divorce, a few aspects that will need to get settled come to mind right away. Custody, child support, and the division of assets such as homes, money, and other property are likely the first things you will think of....
Spousal maintenance, commonly known as spousal support, is a court-ordered type of payment. There's a series of qualifications that you have to meet for spousal maintenance. Alimony is a contractual agreement between two parties. The court can't order alimony, they can only order spousal maintenance. Spousal Maintenance Eligibility...
Largely due to the rise of the gig economy, the number of small businesses in the United States recently hit an all-time high. Frequently, this business is the primary or only source of income for a family. Additionally, many spouses pour themselves into these businesses. Therefore,...
