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January 2019 Archives

The benefits of sole custody

No two families are alike. Some parents have been married for years, while other families are built with unmarried parents. For some families, parents may be separated with the children sharing time with each parent. And, in some cases, only one parent is raising the child. Nonetheless, when parents split, child custody needs to be addressed. Based on the circumstances and factors surrounding the divorce, child custody can look very different for any given family situation.

U.S. economy could be impacted by Amazon's CEO's divorce

A high asset divorce can require more time, care and consideration than many other divorce cases, as there can be a large amount of property to sort through and protect. Our readers may have heard the news that the richest man in the world, Jeff Bezos, will be going through a divorce. According to reports, Bezos, the CEO of Amazon, has a net worth of $137 billion, and he is divorcing his wife after 25 years of marriage. Financial experts say that their decisions during the dissolution process could have huge financial ramifications, even impacting the U.S. economy.

Divorcing Later In Life: More Common Than You Might Think

"Half of all marriages end in divorce." It's a statistic that seems to be burned into our brains. While many of us are aware that divorce rates have increased significantly in recent decades, there is a general misconception that this surge is due to younger generations' stronger inclination to call it quits.

How a prenuptial agreement can make your marriage stronger

When you meet the love of your life, everything seems rosy. You and your partner agree on just about everything: you've decided how many kids you want to have, and whether you want to live in the city or in the suburbs. Planning your life together seems easy.

How does a divorce later in life impact retirement?

A divorce that occurs later in life is oftentimes referred to as a "gray divorce." Whether the couple married in their 20's or 50's, when an older couple dissolves their marriage, there are certain issues that are different, which younger couples are not faced with. Pension and retirement are of particular concern.

In a divorce, don't leave your furry friend's fate to a judge

It may feel like your loyal, furry friend is a member of the family. However, under Texas law, your pet is considered property. This means that, in the event of divorce, your dog or cat can be treated just like furniture and any other possessions-and be assigned to one spouse or the other.

Current rate of divorces show decrease in the U.S.

As we transition to a new year, we think of all the ups and downs from the past year. For married couples, they begin to consider what can be done to better their relationship. In some cases, this means considering whether it is best to work through a rough patch in a marriage or to call it quits. No matter the reason for ending a marriage, there are some factors to consider when filing for divorce.

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Law Office of Michael D. Tracton, P.C.

12920 Dairy Ashford Road
Suite 140
Sugar Land, TX 77478

Phone: 281-201-1481
Fax: 281-242-2325
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