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February 2016 Archives

Rocker seeks to have child support payments reduced

Music fans in Texas and around the country may know Travis Barker best as a member of the pop-rock fusion band Blink-182, but the 40-year-old drummer's hectic private life has received almost as much publicity over the years as his distinctive playing style. Barker divorced in 2006 after two years of marriage, but he became romantically involved with his former wife again in 2008 before splitting for a second time the following year.

Tax implications when dividing real estate during a divorce

The process of divorce can be a very emotional time for Texas couples, and one thing that might add stress to those involved is how to deal with real estate properties. This can get even more complicated if the spouses do not know or understand the tax implications related to the different scenarios regarding real estate.

Child support and federal income tax returns

As Texas residents consider gathering information for their tax returns, those with child support income or obligations may wonder about how this issue affects their taxes, especially if this is the first tax year for which child support has been a part of their lives. This is actually a simple issue as child support does not afford a paying parent a deduction, and there is not an obligation to report child support that has been received.

Preparing finances for a divorce in Texas

When someone decides to end their marriage, their finances are likely to change dramatically. People will often no longer be able to rely on joint income to pay bills, and assets will need to be divided. To help someone reduce their risks of financial problems following a divorce, it can be beneficial for people to understand their finances and determine their date of separation.

Tips for Mitigating the Mental Health Impact of Divorce on Kids

There's a fairly straightforward reality about divorce involving children: it's going to be emotionally difficult for the kids. Research has shown, however, that the mental health challenges that adolescent children face in the midst of divorce tend to soften after four to nine months.

The problem of domestic violence and Texas family courts

While domestic violence is a very serious problem in Texas and nationwide, some family courts do not fully understand it. They may then accord it little weight in making custody decisions, leaving children to be exposed to it and victims to continue suffering at the hands of their abusers.

Avoiding property division mistakes in Texas

When dividing assets as part of the divorce process, it is important to do so properly to avoid costly tax consequences. For instance, it may be a good idea to have assets inside of a 401(k) plan rolled over from one spouse's account to the other. This is a non-taxable event and may be the easier way to transfer the money. If the spouse receiving the money wants to take it as cash, he or she could be liable for income tax and an early withdrawal penalty.

Single parents and child support in Texas

According to the U.S. Department of Agriculture, it can cost nearly $250,000 to raise a child from birth to adulthood. In 2014, 22.1 million children under age 21 were living in households with only one parent. Of those single parents, 82.5 percent of them were mothers. While many parents rely on a combination of cash and noncash assistance, less than half actually received any sort of support.

Pakistani divorce case lands in Texas court

A complicated international divorce case unfolding in Texas demonstrates the importance of where and when a person files for divorce. A couple who are residents of Texas but citizens of Pakistan are now arguing over which place has jurisdiction in deciding the financial arrangements in their split.