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divorce Archives

Divorce, holidays and joint custody -- negotiation is key

Custody matters are often problematic -- before, during and after divorce. Joint custody is often seen as an ideal solution to a tricky matter in any divorce involving children. However, it comes with certain dilemmas and requirements with which the divorced parents will have to deal. Texas divorcees may find that agreeing on holiday schedules when they share custody may be one of the biggest headaches to which they will have to find a solution.

Numbers from Rudy Giuliani's high net worth divorce

Texas readers may be aware that former NY Mayor Rudy Giuliani is in the middle of a divorce from his wife, Judith Giuliani. In a recent turn of events, Giuliani claims that he has encountered financial challenges over the past year. While it's unclear if he is trying to reduce property division or spousal support in his high net worth divorce, his wife claims these financial troubles are not in line with his spending habits. 

Divorce: For many couples, prenups are not all about money

Although many people in Texas were previously of the opinion that prenuptial agreements are only for those with significant assets, these contracts have become more widely used. It might be because couples tend to wait longer before tying the knot, and when they do, their careers are established and both spouses enter the marriage with already accumulated assets. While a prenuptial agreement provides protection in the event of a divorce and specifies who gets what, some couples use them to set rules or prevent unacceptable behavior. When both spouses are successful at what they do, ground rules may be necessary to accommodate the egos of both.

Think about insurance coverage during, not after, divorce

Texas spouses who are ending a marriage can quickly become overwhelmed by the sheer volume of choices that need to be made in a relatively short period of time, and under considerable stress. That can lead to important issues falling by the wayside. One of those issues is health insurance, and how those spouses who rely on their partner's employment benefits need to ensure continuing coverage after a divorce takes place. 

Earning potential of parents: What divorce courts look at

Whenever a case involves children, a court has to ensure that the best interest of the child is protected at all times. As such, during a divorce, the court needs to determine the earning potential of each of the parents before deciding on child support. This means the court has to establish what each parent can pay toward the financial support of the children.

Did a financial upturn factor into your decision to divorce?

Not all Texas spouses choose to end their marriage based on a single traumatic experience or many years of turmoil. In quite a few cases, the decision to divorce was made based on financial matters. Notably, many divorce experts believe that a spouse's odds of divorce increase during times of financial stability. Money brings opportunity, including the opportunity to move away from a faltering marriage. 

Temporary divorce orders -- necessary or not?

Marriage is a partnership characterized by many ups and downs. Unfortunately, in many cases, there may be more bad times than good or one bad incident that can destroy everything. The problems that often lead to someone asking for a divorce are more often than not emotionally driven, making it very difficult to think clearly about important matters at hand.

How to prepare for financial needs during a divorce

As Texas spouses prepare to bring their marriage to a close, numerous tasks compete for their attention. Financial matters rank high on that list, and rightfully so. What is often overlooked, however, is the short-term needs that must be addressed between filing for divorce and finalizing that process. Without proper planning, covering living expenses and legal fees during that period of time can be challenging. 

Divorce: A few reasons why prenups may be a good idea

When one falls in love, it is not difficult to convince oneself that life will be all moonshine and roses with the other person. However, roses have thorns, and even the perfect match may turn out to be not so perfect. Divorce is a reality of the times, and Texas couples may benefit from looking past the stigma associated with prenuptial agreements and ensure such an agreement is in place before the wedding.

Making wise decisions in late-life, high net worth divorce

Some Texas spouses are fortunate enough to have amassed considerable wealth during the course of their adult lives. If the decision to pursue a high net worth divorce arises, some aspects of ending the marriage will be easier. Wealthy spouses need to pay close attention to the financial side of their divorce, but they often have plenty of security regarding their financial outlook. What could become an issue is the social consequences of ending a marriage. 

Vernier & Associates, PLLC Vernier & Associates, PLLC

Vernier & Associates, PLLC
2441 High Timbers Drive Suite 110
The Woodlands, TX 77380

Phone: 281-882-3271
Fax: 832-585-0955

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