The facts show that you have a 50/50 chance of staying married. When it comes to making a lifelong commitment, these odds aren't very comforting. One of the first steps you're most likely to take when you and your spouse lay divorce on the table is reaching out to a...
Dividing up vacation property in divorce
On Behalf of M. J. Hill & Associates, PLLC | Mar 31, 2018 | High Asset Divorce
When you're knee-deep in a divorce, it seems like all of your belongings are open game. So you may be wondering about that second home or vacation property you and your spouse purchased while you were still happily married. To get at the issue, we'll take a look at...
More men are receiving alimony after divorce
On Behalf of M. J. Hill & Associates, PLLC | Mar 30, 2018 | Divorce
In the previous post, we discussed why men get the short end of the stick when it comes to alimony. Reasons range from the stigma society has established about how emasculated men feel asking their wives for financial support, to the simple fact that courts are still...
Why are men less likely to receive alimony?
On Behalf of M. J. Hill & Associates, PLLC | Mar 29, 2018 | Divorce
Alimony, or spousal support, is an ongoing payment made by the higher-earning spouse to the lower-earning spouse in the event of a divorce. And though the concept of gender equality has risen significantly in recent decades, the number of men awarded alimony as part...
How shared parenting is changing custody agreements
On Behalf of M. J. Hill & Associates, PLLC | Mar 27, 2018 | Child Custody
Options for child custody arrangements for divorced parents in Texas might include the children living in one home while the parents alternate staying there or schedules in which the child spends roughly equal time at each parent's home. In the past, custody schedules...
MIstakes women make in a divorce
On Behalf of M. J. Hill & Associates, PLLC | Mar 23, 2018 | Divorce
Divorce is one big financial and emotional whirlwind that can sweep your feet out from under you. And it turns out that divorces are especially difficult for women. In 2011, the U. S. Census Bureau reported that, "of the women that divorced in the last 12 months, 27...
The consequences of a gray divorce
On Behalf of M. J. Hill & Associates, PLLC | Mar 23, 2018 | High Asset Divorce
There's never a good time to experience divorce in Texas. However, ending a marriage can have a greater financial impact on older couples. Successful retirement planning takes time, and couples calling it quits later in life have fewer years to rebound from the...
Should you file for bankruptcy before your divorce?
On Behalf of M. J. Hill & Associates, PLLC | Mar 22, 2018 | Divorce
If you and your spouse agree that the best course of action for your relationship is divorce, then prepare your wallet for the accompanying financial obstacles. Divorces can be as expensive as the two parties allow them to be. If you think some of the issues on the...
Ah, the old hidden asset trick
On Behalf of M. J. Hill & Associates, PLLC | Mar 21, 2018 | Divorce
We're all familiar with the quote, "Desperate times call for desperate measures," and if you're in the middle of a nasty divorce battle, you can relate all the more. So what happens when you have the sinking feeling that your spouse is trying to hide certain assets or...
Using a trust to protect your assets in divorce
On Behalf of M. J. Hill & Associates, PLLC | Mar 20, 2018 | High Asset Divorce
When you think of a trust, you're likely to think of it as a tool rich families use to pass their wealth from one generation to the next. But a trust is a multifaceted entity that serves a number of purposes, and they are being utilized more and more each day. It...
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