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May 2017 Archives

Thursday, June 29, 2017

Supreme Court rules on second military divorce case in a week

The nation's Supreme Court recently ordered the Supreme Court of another state to re-examine its decision in a divorce between a military veteran and his ex-wife. This is significant in that a week earlier the justices had ruled in another military divorce case. Military personnel in Texas and around the country are taking note of these rulings and their potential impact on divorce proceedings.

Program to reduce delinquent child support payments a success

Many divorces in Texas involving children often include provision for financial assistance for the children after a marriage has ended. However, residents frequently reported that their ex-spouses repeatedly failed to make required child support payments. Last September, the state of Texas took action to remedy this situation. Anyone who failed to make child support payments in the previous six months could not renew his or her vehicle registration.

Texas divorce: reverse mortgages popular among older couples

Couples aged 50 and over are deciding to end their marriages faster than any other age group, according to a research organization specializing in demographic trends. Since 1990, the number of older people getting a Texas divorce or elsewhere in the country has doubled. For those over 65, the divorce rate has tripled during that time frame. Because of this trend, many experts have weighed in on how to help protect the financial situations of those entering their retirement years.

How to protect a business in a Texas divorce

No one enters a marriage initially thinking that it may end some day in the future. However, a business owner would be wise to take steps to protect his or her interests, should a Texas divorce occur later. It is important to note that if a spouse has participated in the business operations in any way, that spouse may have a stake in the business. Those who leave the workforce to care for children may also claim a stake in the business. To keep the rightful portion of a business, many seek legal protection.

Prenups may help avoid headaches in a Texas divorce

Romance is not typically the first word that comes to mind when someone mentions a prenuptial agreement. In fact, it was once argued that prenups could even encourage divorce. For a period of time, such agreements were not acknowledged in the nation's courts. However, reports suggest that 40 to 50 percent of all marriages in Texas and around the country end in divorce. Given that statistic, a prenup could be a helpful document that could benefit both spouses should they subsequently decide to start Texas divorce proceedings.

Texas military divorce: Increase in rate for female troops

The Pentagon maintains data in its personnel system that reflects the number of troops that were married in Texas and elsewhere around the country at the beginning of the fiscal year and those who ended a marriage during the year. The Defense Manpower Data Center uses these numbers to calculate a military divorce rate. The overall rate for 2016 was 3.1 percent, reflecting a slight change from the 3 percent rate in 2015. This statistic is analyzed further by separating the divorce rate data for male and female troops.

Texas divorce: Issues when high assets are involved

When most couples around the country decide to end a marriage, the discussion of finances is often one of the more complicated issues addressed. When the couple is wealthy, the discussions are likely to be more contentious in a Texas divorce. Several cases in another state highlight the complex issues that arise in a high asset divorce.