dallas fathers rights attorneys

Jan
10

Thinking of a Texas Divorce? Prepare A Divorce Financial Checklist For Your Next Move

Preparing for a Texas Divorce: Assets

Going through a Divorce is painful no matter what the circumstances are. Before you get into the Texas Divorce Process, reduce expense, stress and conflict by making sure you are financially prepared. Planning ahead helps you in making sound decisions, start preparing for post-divorce life, and avoid many post-divorce pitfalls. Below is a list of items you need to gather before counseling with an attorney. Financial Documents are a must to show what your true assets and liabilities are in your marriage.
We have included many assets that you may or may not have. This is only a financial checklist of multiple assets for your review so you will not miss an important asset that needs to be reported.

Documents:

1. Tax Returns (at least three years) or Tax Liens and all IRS related documents

2. Wills and Trusts with all attachments reflecting corpus and trust holdings

3. Listing of all liabilities (including mortgages, credit card debt, personal loans, automobile loans, etc.):
—Name of entity, address and telephone number
—Account number
—Amount owed
—Monthly payment
—Property securing payment (if any)
—Most current statements and account status of lenders

4. A Listing of all Real Property, address and location, including (includes time-shares and vacation properties):
–Deeds of Trust
—Notes including equity loans and second liens
—Legal Descriptions
—Mortgage Companies and Loan Servicers (Name, Address, Telephone Number, Account —Number, Balance of Note, Monthly Payments)
—Current fair market value
—Appraisals

5. Motor Vehicles (including mobile homes, boats, trailers, motorcycles, recreational vehicles; exclude company owned):
—Year
—Make
—Model
—Value
—Name on title
—VIN Number
—Fair Market Value
—Name of creditor (if any), address and telephone
—Persons listed on debt
—Account number
—Balance of any loan and monthly payment
—Net Equity in vehicle

6. Cash and accounts with financial institutions (checking, savings, commercial bank accounts, credit union funds, IRA’s, CD’s, 401K’s, pension plans and any other form of retirement accounts):
—Name of institution, address and telephone number
—Amount in institution on date of marriage
—Amount in institution currently
Account Number
—Names on Account
—Company loans and documents related to benefits

7. A listing of separate property (property owned prior to marriage, family heirlooms, property gifted, inherited property):
—Records that trace your separate property. These assets will remain yours if properly documented

8. Retirement & Pension Benefits:
—Exact name of plan
—Address of plan administrator
—Employer
–Employee
—Starting date of contributions
—Amount currently in account
—Balance of any loan against plan
—Documents

9. Publicly traded stock, bonds and other securities (including securities not in a brokerage, mutual fund, or retirement account):
—Number of shares
—Type of securities
—Certificate numbers
—In possession of
—Name of exchange which listed
—Pledged as collateral?
—Date acquired
—Tax basis
—Current market value
—If stock (date option granted, number of shares and value per share)
—Stock options plans and related documents

10. Insurance and Annuities Policies and Inventory:
—Name of insurance company
—Policy Number
—Insured
—Type of insurance (whole/term/universal)
—Amount of monthly premiums
—Date of Issue
—Face amount
—Cash surrender value
—Current surrender value
—Designated beneficiary
—Other policies and amendments

11. Closely held business interests:
—Name of business
—Address
—Type of business
—% of ownership
—Number of shares owned if applicable
–Value of shares
—Balance of accounts receivables
—Cash flow reports
—Balance of liabilities
—List of company assets
—Possible hobbies or side businesses that generate income

12. Mineral Interests (include any property in which you own the mineral estate, separate and apart from the surface estate, such as oil and gas leases; also include royalty interests, working interests, and producing and non-producing oil and gas wells:
—Name of mineral interest
—Type of interest
—County of location
—Legal description
—Name of producer/operator
—Current market value
—needs leases or production documents related to the asset

13. Money owed by spouse (including any expected federal or state income tax refund but not including receivables connected with any business)

14. Household furniture, furnishings and Fixtures
—photos
—purchase receipts and documents

15. Electronics and computers including software and hard drive

16. Antiques, artwork and collectibles (including works of art, paintings, tapestry, rugs, crystal, coin or stamp collections) Other large collections need to be appraised! (Guns, quilts, action figures, books)

17. Miscellaneous sporting goods and firearms

18. Jewelry including appraisals

19. Animals and livestock

20. Farming equipment

21. Club Memberships

22. Safe deposit box items

23. Burial plots including documents of ownership

24. Items in any storage facility

25. Travel Awards Benefits (including frequent flyer miles)

DETAIL
Dec
01

Texas Child Support Guidelines Change- Effective Sept. 1, 2019

Effective September 1, 2019 The Texas Child Support Division of the Attorney General increased the Maximum child Support under the Texas Child Support Guidelines from $8,550 to the “new cap”of net monthly resources to $9200 annually. This change in the law will increase the amount of maximum child support from of $1,710.00 to $1,840.00 monthly (20% of $9200. For one child)

Texas Family Code §154.125(a)(1) requires that every six years the presumptive amount of net resources to which the child support guidelines apply shall be reviewed and adjusted for inflation by the Texas Office of the Texas Attorney General (OAG). That section sets out the formula for doing so based on the consumer price index. The last adjustment was done in 2013 when the current amount of $8550 per month was established.

How does the “cap” work and what could this mean for you? If your net monthly resources are less than $8,550, the child support obligation will not change on Sept. 1. You are under the “current cap” and lower than the “new cap”. All stays the same. 

If you are currently going through litigation and your net monthly resources exceeds $8,550 and the Court orders child support prior to September 1, 2019, Texas Child Support Guidelines will mandate that the Court apply the appropriate child support percentage to the first $8,550 in net monthly resources based on the number of children.  But, if the Court orders child support after September 1, 2019, it will apply the new appropriate child support percentage to the first $9,200 in net monthly resources. 

Child support under the guidelines is determined by applying the applicable percentage, beginning at 20% for one child and increasing incrementally for each additional child, to the net resources amount. If a child support obligor has monthly net resources over $9200, a party seeking above the guideline’s child support has the burden of proving to the court that additional support should be ordered according to factors set out in Texas Family Code §154.126.

Important to Know: The new “cap” increase of September 1, 2019 will not automatically increase the obligor’s existing child support obligation. Any change in child support standing before September 1, 2019, can only occur through the court with a modification order to increase the child support to the new “Cap” amount of $9200. After September 1, 2019, any new suit for child support will be subject to the new “cap”. 

Please review the Texas Office of the Texas Attorney General (OAG) website for a child support calculator for the new breakdown: https://csapps.oag.texas.gov/monthly-child-support-calculator




The Nacol Law Firm PC
8144 Walnut Hill Lane
Suite #1190
Dallas, Texas 75231
Nacollawfirm.com

By Nacol Law Firm | Child Support For Fathers
DETAIL
Jun
10

Summer Visitation and Divorce? Your Sharing Attitude Will Be the Happy Force for your Children and Family!

We are approaching the end of the school year and the beginning of the long Summer Visitation!  You have probably received the letter/ email from your EX requesting the setup for the Summer Visitation with the children.

Usually this is not a happy time for the primary care giving parent, but from personal experience, you need a break and letting the children spend some extended time with the other parent will give them a chance to share time and experiences with this parent and make them happy. Remember your children love you and nothing will change that fact!

From practicing family law for a long time now, I believe there are elements in divorce that will never change:

  1. You cannot make someone love you and stay with you if they choose not to.
  2. The only person that you can be completely responsible for in behavior is YOURSELF!
  3. If you choose to have a bad attitude and try to hurt your EX by alienating your children, then not only are you not winning the divorce game, but you are causing serious damage to your Children. Even if you win, you are a loser. The Kids didn’t ask for this Divorce, they are often stuck because Mom and Dad couldn’t be happy together!

After considering these ideas and deciding no, your children were not the case of the divorce, try giving some effort to help make your children happy during Summer Visitation with their other parent and not worry about you.

Here are my “New Divorce No No Rules” that will make the Summer Visitation happier for the entire family including your EX:

  1. No talking bad about the other spouse! This is your battle, not the kids! The kids are still related to their other parent and love that parent.
  2. Make this Summer Visitation an adventure for the kids. Mommy and Daddy are not together anymore, but the children should feel that they are going to spend this special time with their other parent without you acting mad or hurt. Never let the kids know that you are unhappy about the Summer separation and may not love them if they are happy!  Let the kids look forward to a wonderful summer adventure with their dad or mom and don’t look back!
  3. Get with your ex-spouse and determine the Summer visitation schedule.  Share this schedule with the kids so they will know what is going on and what time will be shared with both parents. Meanness will not be tolerated, be nice!   
  4. Talk with the children on their ideas for the Summer Visitation. Maybe share these ideas with your EX. Remember: this is not about your feelings, it is about the love and needs of your family.

“The more you give in to the love of your family, the better you will feel in your heart.”

You, my friend,  will eventually get over this hurt of the Summer separation with the kids and maybe get a little rest yourself. Before you know it, the kids will be back, school will start and your family’s live will go on, but it is always the decisions you make to help your children cope with this family split that will determine your true character as a parent and a person.

Hoping you and your family will have a wonderful Summer and this blog has help to put a smile on your face!   —-Mark A. Nacol

By Nacol Law Firm | Possession of Children
DETAIL
Aug
06

We Have a New Address! New Office Location in Dallas for Nacol Law Firm – Effective August 6, 2018


The Law Office of Nacol Law Firm P.C. is proud to announce that we have moved from our Richardson TX Office location to our new office at the Walnut Glenn Tower, located at Walnut Hill Lane and North Central Expressway, in Dallas, Texas.

We look forward to seeing you at our new location!

Our new location and address is:
Nacol Law Firm P.C.
8144 Walnut Hill Lane
Suite 1190
Dallas,TX 75231

Our phone number remains the same – (972) 690-3333

Visitor Parking Information at our new office location in the Walnut Glenn Tower:
Visitor parking is available on the first floor of the attached garage on the east side of our building and along Walnut Hill in front of the parking garage.

See Map below for Directions to Nacol Law Firm in Dallas TX

DETAIL

Please contact father’s rights Dallas Attorney Mark Nacol, or father’s rights Dallas Attorney Julian Nacol with the Nacol Law Firm P.C., for legal insight to your rights as a father. Both attorney Mark Nacol, and attorney Julian Nacol , provide counsel in the area of family law including divorce, father’s rights, interstate jurisdiction, child support, child custody, visitation, paternity, parent alienation, modifications, property division, asset division and more. Attorney Mark A. Nacol is board certified in Civil Trial Law by the Texas Board of Legal Specialization. Our attorneys at The Nacol Law Firm P.C. serve clients throughout Texas, including Collin, Dallas, Denton, Ellis, Grayson, Kaufman, Rockwall and Tarrant counties and the communities of Addison, Allen, Arlington, Carrollton, Dallas, Fort Worth, Frisco, Garland, Grapevine, Highland Park, McKinney, Mesquite, Plano, Prosper, Richardson, Rowlett and University Park, Murphy,Wylie, Lewisville, Flower Mound, Irving, along with surrounding DFW areas.

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