Feb 13 2017 - Posted by On Behalf of the Lincoln Law Firm, PPLC, in High Asset Divorce
Divorces are rarely pleasant experiences, and the level of animosity rises when there is a great deal of money at stake. That is why certain preparations need to be made to ensure you get your share from the divorce proceedings. Sift through the records of your marriage, such as photos, receipts and other assets you own. If you have made any expensive purchases, make sure you carry the full documents relating to the buy. Keep …
Share This Learn MoreFeb 2 2017 - Posted by On Behalf of the Lincoln Law Firm, PPLC, in High Asset Divorce
With many in the Houston area growing older, people may feel like they would like to make a new start with the time they have left. Divorce among older couples is on the rise, but that can lead to problems for these spouses. In many divorce situations, especially among older people, one spouse, typically the woman, has not worked in a significant amount of time. A divorce can complicate the finances of those who have not worked. …
Share This Learn MoreJan 27 2017 - Posted by On Behalf of the Lincoln Law Firm, PPLC, in Property Division
With divorce now common, family laws in most states have managed to adapt in ways that maximize the well being of children. An increasing number of states, for instance, are encouraging some form of shared custody. The reasoning behind this is that it is generally in the best interests of children to maintain strong ties to both parents, when possible. One area in which family law seems to be lacking is the treatment of pets. …
Share This Learn MoreJan 27 2017 - Posted by On Behalf of the Lincoln Law Firm, PPLC, in High Asset Divorce
There is no doubt that divorce impacts all affected parties emotionally, physically and financially. Unfortunately, because no two divorces are exactly alike, there is no “rule book” that spouses can follow in the wake of a decision to divorce in order to guarantee that they will emerge from the process emotionally, physically with financially stability. However, there are several considerations that individuals can contemplate and act upon in order to better ensure that their finances remain …
Share This Learn MoreJan 25 2017 - Posted by On Behalf of the Lincoln Law Firm, PPLC, in Prenuptial Agreement
Prenuptial agreements have many different benefits, including the protection of assets but they have many other helpful advantages as well. In general, prenuptial agreements outline property rights before marriage. There are many misunderstandings associated with prenuptial agreements and their benefits so it is helpful to have a good idea of the ways they can help couples in a variety of different situations. Prenuptials agreements are useful for the protection of one party’s assets; for protection …
Share This Learn MoreJan 23 2017 - Posted by On Behalf of the Lincoln Law Firm, PPLC, in Alternative Dispute Resolution
If you are getting divorced or thinking about filing for divorce, you may think that you need to start arming yourself for battle. After all, most divorces we read about in the news or on social media seem to depict a painful, expensive and combative process. However, the truth is that you don’t have to go through contentious courtroom conflicts. With alternative dispute resolution methods like collaborative divorce and mediation, you can minimize the bitterness and …
Share This Learn MoreJan 23 2017 - Posted by On Behalf of the Lincoln Law Firm, PPLC, in Prenuptial Agreement
When two people divorce in Texas, one of the most contentious processes they go through is the division of assets. To make this process a little easier, many people choose to have a prenuptial agreement in place before they get married. This document allows soon-to-be spouses to set rules for distribution, spousal maintenance and other financial matters that can cause great turmoil in the event of a divorce. However, just because you have a prenup …
Share This Learn MoreJan 21 2017 - Posted by On Behalf of the Lincoln Law Firm, PPLC, in High Asset Divorce
When a Houston couple decides to end its marriage the parties to the union may do so either based on fault grounds or through a no-fault divorce. Fault grounds, which include but are not limited to adultery, cruelty, conviction of a felony and abandonment, demonstrate that the actions of one of the parties led to the deterioration of the marital relationship. No-fault grounds, on the other hand, simply suggest that the couple wants to end …
Share This Learn MoreJan 20 2017 - Posted by On Behalf of the Lincoln Law Firm, PPLC, in High Asset Divorce
In Texas, when a couple that has ended a marriage or relationship shares a child, in general there will be an order of child support from the noncustodial parent to the custodial parent. This is not done as a way of punishment, but to ensure that the child is cared for properly with all of his or her needs provided for. Unfortunately, there are times when the payments are not made on time or in …
Share This Learn MoreJan 19 2017 - Posted by On Behalf of the Lincoln Law Firm, PPLC, in High Asset Divorce
When people think about divorce, they often focus on the emotional toll it can take. As a result, financial and tax considerations might take a backseat to resolving these matters. In many divorces, particularly those involving high-value assets, lack of proper focus on property division may lead to costly tax errors. It is vital for spouses to fully understand tax implications during a divorce, as seemingly minor decisions can lead to future complications. Below are …
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