Monthly Archives: December 2017
Overnight Stays for a Noncustodial Parent with a Toddler
Researchers from Arizona State University discovered that children, regardless of age, directly benefit from spending time with both their mother and father, including overnight stays with the father. The researchers revealed that parenting time with the noncustodial parent (usually the dad) during a child’s infancy causes no discernible harm to the relationship between the… Read More »
Garnishing Wages After a Texas Divorce
An issue that often arises after a couple gets divorced is delinquent child support and/or alimony payments. For example, nearly $33 billion was owed in child support in 2013, according to the Spruce. The amount of child support that was due to be paid averaged out to be $5,774 per year. However, most custodial… Read More »
Understanding the Importance of Your Financial Statements during a Divorce
One of the most important documents in a divorce is your financial statement. It impacts how community property is divided between the parties, the amount of spousal maintenance (if any), and child support. Benefits of a Financial Statement Filling out a detailed financial statement is about as enjoyable as a trip to the dentist…. Read More »
Child Custody During the Holidays
It’s that time of year – family reunions, Christmas tree decorating and gift opening, New Year’s celebrations, and so forth. If you are a divorced parent, an important issue needs to be addressed during the holiday season – custody. Who gets the child, or children, during a respective holiday? In Texas, family courts often… Read More »
How to Manage Maxed Out Credit Cards in a Divorce
In 2016, the average amount of credit card debt carried by each household in the United States was approximately $16,883, according to Nerdwallet. This means many couples going through a divorce are going to have to address the important issue of how to divide their debt obligations. Community Property Standard Typically Means Equitable Division… Read More »
What You Need to Know About Getting Divorced After the Age of 50
There is a somewhat surprising trend occurring across the United States – older married couples are deciding to get divorced at much higher rates. In fact, divorce rates for couples over the age of 50 have doubled since the 1990s. If that was not surprising enough, the divorce rate has tripled for married couples… Read More »
Understanding How Divorce Affects Your Retirement Assets
Many people who get divorced would prefer to put the entire episode behind them and start anew. A divorce does indeed represent a new beginning, but there are certain aspects of your life where you may always be reminded of the divorce. One of those aspects is your finances. There is an expectation that… Read More »
