When marital property is divided, it is based on a full and honest disclosure of all assets by both parties. However, when false or misleading information is given, the discrepancy may be reviewed by the court and the division revised based on new information.In a suit filed in a Texas court against her ex-husband after their divorce, an ex-wife stated that her former husband lied about the home they shared during their marriage.
Couples who are ending their marriages need to think clearly about their finances even if they are going through a highly emotional divorce. There are a variety of things to consider that can be an important part of many divorce settlement agreements.
When Texas residents are beginning the divorce process, care should be taken to ensure that they get their fair share of marital assets. There are some techniques for uncovering any assets hidden by the other spouse that may be useful. Hiding assets is a common way for a spouse to increase the amount of community property they leave the marriage with. There are a few ways to conceal cash and property that should be investigated. When one spouse owns a business, they could be using that business to hide some assets. This could be in the form of "off the books" payments, a retirement account that isn't being disclosed or even real property that they haven't told their significant other about.
Divorcing couples in Texas may wonder about the availability or loss of health insurance after their marriage is dissolved. Many choose to stay together because one spouse can not get a policy after losing coverage under the other spouse's employer-provided policy. As a result of the Affordable Care Act, more options have become available, and insurance may no longer have such an effect.
Texas audiences who enjoyed John Cleese's "The Alimony Tour" may not be too surprised that the title of the show was based on real circumstances from his life. After he and his psychotherapist wife entered into a divorce settlement, the comedian of the one-man show has had to tour to make enough money to pay his hefty alimony payments.
Residents of Texas interested in divorce cases, or perhaps undergoing one of their own, may be interested in learn that a judge in Nashville has finalized the divorce between British singer Karen Elson and Jack White. The couple filed for divorce in Tennessee in 2012 after marrying there in 2005. They have two children together, of whom Karen Elson has been granted primary custody. Jack White will have custody of his children 150 days a year.
Texas couples who are preparing to end their marriage may wonder what information they could use to help simplify the process. People often have so many concerns and questions that it can be overwhelming. Having some basic information about divorce early on can help, so it is important to know what types of questions to ask at the beginning.
Texas spouses who divorce may believe that financial overlapping will end after their decree is entered. However, spouses who were married for ten years before they officially received a divorce may be entitled to receive Social Security benefits that are based off of their former spouse's information.
Texas residents may be interested in some trends that emerged when Brown University researchers analyzed data accumulated from a study conducted for the past several decades. Although the study began in order to determine risk factors associated with heart disease, researchers acquired a great deal of additional data that uncovered some social trends.
Texas residents may be interested in some advice regarding the economic situation after divorce. A financial planner gives some sensible guidance to those who weren't in control of the finances during the marriage. These tips may help to alleviate any fears that such a spouse has about their financial situation post-divorce.