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December 2015 Archives

Protection strategies for inherited retirement assets

IRAs can be helpful tools for Texas residents who are planning for life after retirement. However, people who use their IRA carefully may leave some funds in such an account at the time of their death. There are various options in leaving an IRA to one's heirs, but an inherited asset could be vulnerable in case of a beneficiary's divorce or in other situations that cause outside parties to have an interest in an heir's inheritance.

Mother of NBA star's children wants child support doubled

Basketball fans in Texas may be interested to learn that L.A. Clippers star Lance Stephenson has been asked to make higher child support payments for two of his children. Though Stephenson already pays $6,000 per month to the mother of his 4-year-old and 1-year-old children, the mother has petitioned the court for an increase in the child support payments to $12,000 per month.

Dealing with bankruptcy and divorce at the same time

Money can be a common source of stress in a Texas marriage, and in many cases, disputes over finances can be contributing factors to a divorce. In some cases, the situation may be serious enough that bankruptcy is a consideration. If divorce is looming, the timing of a bankruptcy filing may depend on the financial situation of each party as well as the nature of the debts in question.

Non-biological same-sex parents face unique challenges

Child custody battles in Texas are always difficult, but same-sex custody battles come with unique challenges. Before the U.S. Supreme Court ruled in June 2015 that denying same-sex couples the right to marry was unconstitutional, same-sex couples still formed committed relationships and raised children together. When those relationships break up, there is often one parent who is left without any legal child custody rights.

Antonio Banderas and Melanie Griffith divorce

Texas residents may have heard about the divorce that formally ended the marriage between actors Melanie Griffith and Antonio Banderas in 2015. After being married for just under two decades, the couple stated in June 2014 that they were splitting up amicably and were beginning the process of dividing their wealth and assets.

Morena Baccarin ordered to pay spousal and child support

Texas fans of actress Morena Baccarin may have heard about her contentious divorce from director Austin Chick. On Nov. 19, she was ordered by a judge to pay her husband $23,042 per month in child and spousal support. The amount will be adjusted when it takes into account her health insurance payment.

Unpaid child support relief in Texas

The amount of unpaid child support in the United States is over $110 billion, and many states have all but given up attempting to collect it. Although some believe this is because there are deadbeat parents that refuse to live up to their obligations, in many cases, these parents are willing but unable to do so.