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Divorce Archives

Tips for buying out a spouse in a divorce

When couples in Texas get a divorce and own a home together, one spouse may buy the other one out. However, this is not necessarily a simple process. First, each person must determine how much equity they have in the home based on the home's value and the amount owed on the mortgage. The couple should also have the home appraised.

Divorce after 50 can pose many challenges

Divorce rates for individuals over the age of 50 has nearly doubled since the 1990's, and has roughly tripled for those aged 65 and older. In 2010, roughly 25% of divorces in Texas and throughout the country involved people within that age range. Ending a marriage at a later age can have a variety of emotional and financial impacts that shouldn't be ignored.

Tips for considering financial stability in and after a divorce

Spouses in Texas who are getting divorced should consider certain steps to protect their financial interests. These steps range from creating a post-divorce budget to changing passwords when needed to understanding what the divorce is likely to cost and how that cost will be paid.

How parents can help their children after divorce

Parents who are ending their marriage understandably worry about how the divorce will affect their children and what they can do to ensure they protect and support them during and after the divorce process. Successfully co-parenting together can be one of the most valuable tools in ensuring those goals. When the parents are actively working to help their children build trusting, positive relationships with both parents, eventual stepparents and peers, then everyone benefits.

Aspects to consider prior to seeking ownership of the family home

After years of living in the same home and growing accustomed to your surroundings within the community, the thought of parting with a home may seem daunting. While you might be perfectly content with staying in the home, some circumstances in life may leave you facing a difficult decision.

Research reveals that student loans may cause divorce

According to research, student loan debts may cause problems other than just accumulating massive debt. As is common with financial struggles in general, a heavy student loan debt load can create a lot of stress in a marriage relationship. Researchers have known for years that money problems, such as debt, causes stress in marital relationships. However, the most recent study shows that student debts are more harmful in that regard than other types of financial obligations. The Student Loan Hero study found that 33% of student borrowers believed their divorces were caused by money problems, with 1 out of every 8 students blaming his or her student loans for causing marital issues leading to divorce.

Divorce and claiming dependents

The majority of Texas residents who claim dependents on their tax returns will not experience any complications with having their returns accepted. However, complications can arise in situations in which multiple taxpayers claim the same dependents and related tax credits, such as when separated or divorced parents both decide to report their children as dependents. When this occurs, the Internal Revenue Service will have to review the returns in question and determine which claim should be honored.

Protecting your business in divorce

Being an entrepreneur, and having the freedom to create and control your own business, can be extremely rewarding. However, when your marriage is on shaky ground, it can also leave you feeling vulnerable and exposed - not knowing what will happen to the business in the event of divorce.  This is why it is so important to get information early on in the planning process, so you can make smart decisions about both your business and your divorce.

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Hargrave Family Law Jennifer S. Hargrave, P.C.

Hargrave Family Law
4201 Spring Valley Rd.
Suite 1210
Dallas, TX 75244

Phone: 214-420-0100
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