Sugar Land Divorce Law Blog

While planning a wedding can be a large production, ending a marriage can sometimes be an even bigger event. Although it is not a happy and momentous event, it is one that requires both spouses to make serious and life altering decisions. Those going through a high asset divorce in Texas have added concerns regarding their personal wealth, especially if it comes from a family business they seek to protect from the divorce process.

How can you protect your finances in a divorce? Having significant investments, stocks, bonds, real estate and business ventures can make getting divorced an even more complex and emotional matter. For divorcing spouses in Texas and other community property states, these assets will require a 50-50 split. For those seeking to protect these assets from such a division or any division at all, it is important to understand what steps could be taken.

Getting married is a major commitment. It is a life event that couples in Texas and elsewhere will experience when it is clear that their relationship is solid and they do not want to be with anyone else. In contrast, when it is clear that a marriage is no longer working, a couple will likely take steps to end it through divorce. Whether this has occurred months or decades after they initially tied the knot, divorcing couples will have to go through the process of ending their union. And, even when it is an amicable process, the divorcing couple will have to make serious and major decisions that will impact them.

According to recent reports, Victoria Secret model Shanina Shaik and husband DJ Ruckus have split. After only a year of marriage, the two have decided to part ways. Supposedly, things began to go awry between the two a few months back. The couple has been unable to get their marriage back on track, which has prompted their divorce filing.

When individuals in Texas and elsewhere get married, they are unfortunately faced with the thought that this may not work out. No one likes to think about divorce or a relationship failing, but with the divorce rate in the nation still hovering around 50 percent, it is important to consider this as a possibility. Whether a marriage has lasted only a few years or several decades, the wealth brought into the marriage as well as the wealth accumulated during the marriage needs to be addressed during the dissolution of a marriage.

How are retirement assets split in a divorce? Retirement accounts can be a hot topic in the divorce process, especially in a wealthy divorce. This often makes up a notable portion of one's wealth and, in some cases, this portion of wealth could be split between the spouses.

When parents split, the dynamics of the family often change. In some cases, one parent takes on the role as custodial parent while the other parent serves as the noncustodial parent. While the noncustodial parent does not see the child or children as much, they are still part of their lives. Even though the child custody arrangement allows for frequent visitations, if a custodial parent seeks to relocate, this could cause an alteration to this arrangement.

There are many reasons that can bring about a move. For most, it is new job opportunities or the need for a fresh start. However, when a custodial parent in Texas or elsewhere seeks to relocate, it is not automatically approved because he or she is the custodial parent. The noncustodial parent has the ability to object to the move, allowing for the court to make a decision on the matter.