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Posts tagged "Divorce"

Do not forget about addressing debt during divorce

Money is on the minds of most people quite often. There are certain times in a person's life when financial concerns may rush to the forefront, and divorce is an event that could trigger such concerns. If Texas residents do not understand their financial affairs or how to protect themselves while ending their marriages, they could land in a difficult predicament.

What happens to pets during divorce?

For many Texas families, a pet is just as loved and cared for as a child. When a couple decides to move forward with divorce, they will have to address things like dividing marital property, child custody schedules and what will happen to the family pet. In some situations, pet custody is one of the most complicated and acrimonious issues of the divorce process.

How is the family business divided in a divorce?

Family businesses can be a great way for spouses to spend time together while fulfilling the family's financial needs. When the couple decides to divorce, however, deciding what happens to the business can be a difficult decision. Blood, sweat and tears are the building blocks of a family business, and that type of investment can be hard to walk away from or watch change. For couples in Texas who are divorcing, there are several options they have for consideration regarding the future of the family business.

What happens to the family home in a divorce?

Home is where the heart is. There's no place like home. There are numerous sayings that reflect the deep emotions that are tied to the place one has turned into one's personal living space. When going through a divorce, determining what happens to that home can be a challenging decision. Divorcing couples in Texas have several options depending on whether both, one or neither of the spouses want to maintain ownership of the home.

Details of Jack Osbourne's divorce agreement

Celebrity divorces are always of interest to the general public, and Jack Osbourne's divorce is no different. In 2002 viewers all over Texas started tuning into "The Osbournes" reality show to watch as the very unique family of Black Sabbath frontman and rock legend Ozzy Osbourne stumbled through their day-to-day lives. In the years following the show's completion, Ozzy's son, Jack, appeared in various other television shows before marrying Lisa Stelly in 2012. The couple had three children together before announcing their separation last year. Now their divorce has been completed and the terms of the divorce agreement have been revealed.

Can one's ex be the life insurance beneficiary after divorce?

Many married couples have life insurance to protect themselves in the event one of the spouses should pass away. Most of the time the beneficiary named on the policy is the other spouse. What happens if the couple gets divorced? In Texas, is it possible for the former spouse to still be the beneficiary after divorce?

Who obtains child custody after a parent dies?

In a perfect world, parents would raise their children -- teaching them and protecting them -- until the kids become adults. Unfortunately, however, sometimes things happen, and parents pass away. What happens when the custodial parent dies? Who can raise the children? There are several who may choose to seek child custody when the children lose their custodial parent in Texas.

The grief of divorce can be overcome

Couples in Texas and elsewhere experience the same emotions when it comes to divorce. A bitter divorce in particular can come with a heavy dose of grief; however, that grief isn't forever. It will eventually pass. There are several steps to the grieving process, and approaching them with the right attitude can help one move through each one until the burden is lifted.

Outside factors affect one's chances of divorce

The national divorce rate has been on the decline in recent years, as has the divorce rate in Texas. While at one time almost half of all marriages ended in divorce, in recent years that number has dropped to between 42 and 45 percent. Many couples today are waiting to tie the knot until they are older, more financially secure and more certain of their relationship. This decision positively affects their likeliness of staying married. There are several factors other than age that impact one's chances of eventually divorcing.

Divorce may encounter issues of division of business assets

A woman may be involved in a business enterprise with her spouse when the need for a divorce arises. In Texas and elsewhere this will raise issues of property division and will impact all of the financial issues that are presented during the divorce litigation. The woman may end up with a controlling interest in the business or she may be compelled to sell out her interest to the spouse as part of the settlement agreement.

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