As if divorcing your spouse is not confusing enough, you have a special needs child who is in the middle of the divorce proceedings. How child custody is negotiated is different for a special needs child than for children without special needs. This can affect the financial negotiations. At the Law Office of Michael D. Tracton, we have over thirty years of experience in child custody and would like to speak with you personally about your child custody proceedings.
While two consenting adults can agree that their marriage has come to an end, it can sometimes be difficult for the children involved in that marriage. While there may be some debate as to how to handle child custody between the divorcing parents, there will hopefully be some agreement on how to manage the emotional well being of children involved in a divorce.
Recently, we discussed a high-profile couple in the middle of divorce proceedings for what by any account would be a high asset divorce. This was not just any high-profile couple. Harold Hamm, the owner of a multi-million dollar oil company, Continental Resources, was battling for himself and his company in a bitter divorce from his wife of 26 years. The financial portion of these proceedings have now been decided, and Hamm is likely pleased with the outcome of the high net worth divorce.
Going through the process of a divorce is clearly a very stressful experience. With all of the details that need to be attended to in addition to the emotional issues involved, it can be a difficult situation to handle. This stress can be compounded when children are involved. While child custody is a complex process, there are some general elements that one can keep in mind to more clearly understand it.
Usually, family law is handled and regulated at the state level. Occasionally, legislation comes down from above. "Above" means legislation mandated by the federal government. One act in particular has been adopted by most states. It is the Uniform Child Custody Act or UCCA, and Texas has adopted the legislation.
As divorce rates continue to climb, many have been studying what could possibly cause the once happy marriages to dissolve. A recent study polled thousands of Americans married in 2008 or later. What the researchers discovered could be particularly worrisome for couples who spent a large amount of money on their wedding and marriage expenses. The study showed that marriage duration is inversely associated with spending on the engagement ring and wedding.
Although a divorce and child custody dispute may be settled, there can be future issues that come up due to the previous arrangement. Following a divorce and child custody agreement, a court order might require the parents to live in a certain geographic area. If a parent wants to move to a new area, that parent may need to go back to court to petition for parental relocation. This situation can arise where the parents have a joint managing conservatorship.
Pop star Iggy Azalea has recently been served divorce papers in Texas -- yet she claims she has never been married. There is an interesting piece of Texas law that could require that Azalea divide her assets in what would be a high asset divorce.
Anyone going through a divorce is going to have many questions about the process. If there are children involved there are usually triple the amount of questions a couple with no children has. If you are contemplating divorce there are seven reasons that will function as legal reasoning behind your divorce. Most of these reasons would affect the parents and any children involved in the marriage.
So you and your spouse have finally agreed on one thing: a divorce. Now that you have agreed to have as amicable a divorce as possible, it is important that you understand some basics about your combined finances that are about to be separated. In order to pay as few taxes and fees as possible on any capital gains or financial accounts the two may have, it is important to investigate your finances. In order to protect your assets, certain financial decisions can be agreed on in order to maximize the return on investments.