May 2019 Archives

Selling or keeping a business in a divorce

Dividing a company can be both emotionally and logistically difficult for business owners in Texas going through a divorce. Some couples may decide to keep running the family business instead of selling it. This may be because both partners are important for the company's success. While this situation works best if the separated couple can remain amicable, they could still run the company even if they do not get along well. They could change their roles in the company so that they reduce their involvement or contact with one another.

Income considerations for child and spousal support

When a couple gets divorced in Texas, one ex-spouse may be required to pay alimony and child support to the other. Both states and judges themselves differ on what factors they will consider when assigning the obligation amount, but income is always part of the calculation. This can involve more than simply looking at regular earnings.