Sugar Land Divorce Law Blog

Whether it is something one obtained during childhood or adulthood, the items one brings into a marriage may not leave the marriage in the event of a divorce. Determining what falls under the category of marital property is not always clear. This is especially true in cases where certain assets and property are treated as belonging to both. Such a situation could give rise to conflict, causing the property division process to be challenging.

It should be noted that Texas is a community property state. And, property will continue to accrue until the date of divorce. This means that even though a couple has filed for divorce, the community estate will not be divided until the divorce is official.

Much like couples work hard to make a marriage work; spouses in Texas also work hard in life to accumulate wealth. While some individuals are more well off than others, when a wealthy couple decides to part ways, this decision will likely also impact this wealth they have worked hard for. Thus, it is important to be well informed of the impacts dissolution can have on a high asset-divorce.

While many marriages are built on trust, these spouses still take action to protect their assets. For those who acquired much of their wealth prior to marriage, a prenuptial agreement is frequently used to protect this wealth. In contrast, a postnuptial agreement is very valuable for those who acquired wealth during marriage. Whether or not one or both of these documents have been included in a marriage, it is important to carefully move through the details of a high asset divorce.

Co-parenting has its challenges, but when both parents want to remain in a vital role in a child's life, this means taking the time to establish a child custody order. When a custody order is in place, both parents are required to abide by it. Failure to do so could have repercussions. Take, for example, the current climate discussed in El Paso. Based on current reports, fathers across Texas are asserting that they are being denied their right to see their children.

Even in matters when a mother is refusing to let the father see the child, taking action to report violations has not proven to be effective. Based on reports, even when action is taken to report interference with child custody, filing a report is likely to not go anywhere. It was found that from 2016 to 2018, more than 4,000 reports were filed in El Paso. However, only 229 cases were presented to the district attorney. And, of those, only 11 were indictments. This amounts to only 5 percent of these cases being enforced.

When it becomes too difficult to keep a marriage together, couples will often cite divorce as their best option. Messy or not, divorce can be a very trying time. It not only means parting ways with a spouse, but also property and assets. And, in cases in which one spouse makes a significant amount more than the other, it could also mean requesting alimony payments.

With over 4,000 divorce filings every day in the U.S., there are many hot topic issues when it comes to the dissolution process. Whether a marriage was short lived or lasts several decades, finances are often a divorce issue that must be sorted out. But, when it comes to achieving a fair settlement, alimony might be requested.