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]]>No matter what events may have led to a marital breakdown, it is critical that a spouse filing a petition seeks clarification of state laws, and also knows how to protect his or her rights and interests during proceedings. Especially if there are children involved, it is wise to rely on experienced legal representation rather than trying to go it alone in court. Contact our legal team in Sugar Land, TX to find out more information.
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]]>The post How Can You Protect Financial Interests When Dividing Assets in a Texas Divorce appeared first on The Love DuCote Law Firm.
]]>There are several helpful tips to keep in mind to help you prepare for property division proceedings or other litigation that is finance-related, such as child support or alimony. It’s also a good idea to remember that there are resources available that you can tap into for support as needed to help protect your financial interests.
Especially if you took a back seat in marriage while your spouse handled all financial issues, it pays to learn the specifics about your current financial status before heading to court. It’s also a good idea to compile important documents, such as bank statements, tax returns and employment pay stubs, that may be relevant to divorce proceedings.
What you don’t want to do is assume that your spouse is going to play fair in court, especially if he or she has been confrontational in the past about money issues.
It’s one thing if your spouse hands you $500 in cash. It’s quite another, however, if he or she hands you a painting that is worth the same amount of money. In the first scenario, you have money in your hand that you can spend. In the other case, you have an asset that you would have to sell if you wanted cash for the value of its estimated worth.
It is helpful to keep this in mind when it comes time to divide assets in a divorce. Texas is a community property state where most marital property is split 50/50 between spouses.
When it comes to property division in a divorce, Texas is a community property state. This means that any property accumulated during the marriage must be divided equally between the spouses. When it comes to high asset divorces, numerous types of financial interests are taken into account when dividing property. Some of these include:
When it comes to property division during a divorce, it is important to understand all financial interests and make sure that everything is accounted for in the property division process. High asset divorces can be complicated and require careful attention from both spouses. This will ensure that property is divided equitably among both parties.
By understanding the types of financial interests taken into account during property division in a Texas divorce, you can take steps to ensure that property is divided fairly.
Especially if you have children, the status of your house may be a priority issue in your divorce. Will you sell it and split the proceeds? Will one of you keep living in the house with the kids? Resolving these issues ahead of time will make it easier to achieve a fair settlement in court.
If you’re planning on staying in the house and still owe a mortgage, you may have to refinance to qualify for the loan on your own. What’s most important is to clearly understand Texas property division laws and to seek answers for any questions that are causing you concern regarding how to protect your financial interests during divorce proceedings.
Every property division in a Texas divorce is unique and complex, particularly in a high asset divorce. Without the guidance of an experienced property division attorney, individuals trying to navigate the property division process on their own are at a disadvantage. Property division attorneys can help determine which assets and property should be classified as marital property, provide a trusted voice in court proceedings, negotiate on their clients’ behalf to get the most favorable property settlement terms possible, make sure critical forms are filled out accurately and promptly, and ensure property legal rights are upheld. To ensure one receives fair property division in their divorce case in Texas, they should consider retaining an experienced property division attorney skilled with navigating the complexities associated with high asset property divisions. Contact us today to learn how our property division attorney in Sugar Land, TX can help you equitably divide assets during a divorce. With their extensive experience and understanding, our property division attorneys will provide strong legal support for couples going through a difficult transition.
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]]>The post Are you concerned about modifying a Texas child custody agreement? appeared first on The Love DuCote Law Firm.
]]>Any number of issues may arise, however, that spark legal problems, even months or years after you have finalized your divorce. For instance, you or your ex might remarry. There could also be job changes or relocations that might cause obstacles in relation to a signed child custody agreement, prompting a need to request modification of an existing, court-approved agreement.
When you and your ex sign a child custody agreement, it becomes enforceable by law. This is why it’s so important to thoroughly review a proposed plan to make sure you clearly understand what will be expected of you and your ex as you move on in life after divorce.
Once a judge issues a court order, you and your co-parent must fully adhere to the terms, even if you both agree that a change is needed. Unless and until the court approves a change, there can be no change.
A Texas family court judge has your child’s best interests in mind when he or she rules on custody issues. If you request a modification, which is a change in an existing plan, you must convince the court that you have a good reason for doing so and that this reason would be in your children’s best interests. The following list includes examples of reasons for requesting modification that the court might consider legitimate:
Filing a petition to modify a child custody order doesn’t guarantee that the judge will grant your request. In some cases, he or she might order an investigation, such as if you accuse your ex of having a substance abuse problem that is placing your child at risk.
If your co-parent disregards the terms of agreement in a child custody order, it can make life stressful for everyone involved, especially your son or daughter. The safety and well-being of your child is the court’s top priority in all custody matters. You should never hesitate to reach out for support. The court can hold a parent in contempt as a means of enforcement.
In Texas, child custody modifications can take place at any time if the circumstances of the situation have changed. This could be due to a number of factors such as a change in employment, relocation, or other major life event. In order to modify an existing custody arrangement, both parents must agree on the new terms unless there is a compelling reason to do otherwise. If parents cannot come to an agreement regarding a modification, they will need a Texas child custody lawyer in order to help them negotiate and settle the dispute in court. It is important for parents to seek legal assistance during this process in order to ensure that their rights and their children’s best interests are being protected. With the right Texas child custody lawyer by your side, you can rest assured that your custody case will be handled with the utmost care and attention. Contact us today for an experience Texas child custody lawyer in Sugar Land.
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