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.
Wealthy or not, parents understand that raisin a child can cut into their savings and income. Although starting and expanding a family is not always carefully planned for financially, when parents split due to separation or divorce, the financial support of a child or children needs to be addressed. Obtaining a child support order is often necessary, and when a parent is required to pay child support, this obligation must continually be met.
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.
A divorce case in Texas can get complicated if children are involved. Divorcing parents in Texas and elsewhere not only need to address the normal divorce issues, but also make decisions regarding the children involved. And, if that does not complicate the matter enough, when a child with special needs is involved, the matter can have several added challenges.