TIS THE SEASON FOR FILING A TEXAS DIVORCE ?
Welcome to January, the Divorce Month of the New Year! After a bad holiday season, many people have made the decision to file for divorce. The most popular months for filing divorce in the United States occur in January through March.
Going through a Divorce is painful no matter what the circumstances. When you decide to start the Texas Divorce Process, make sure you are financially prepared. Financial planning helps you in making sound decisions and start to prepare for your post-divorce life.
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 the marriage.
Financial Documents needed when preparing for a Texas divorce:
- Tax Returns (at least three years) or Tax Liens and all IRS related documents
- Wills and Trusts with all attachments reflecting corpus and trust holdings
- 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 - 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 - 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 - 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 - 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 - Retirement 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 - Publicly traded stock, bonds and other securities (include 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 - 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 - 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 - 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, work 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 - Money owed by spouse (including any expected federal or state income tax refund but not including receivables connected with any business)
- Household furniture, furnishings and Fixtures
-photos
-purchase documents - Electronics and computers including software and hard drive
- 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)
- Miscellaneous sporting goods and firearms
- Jewelry including appraisals
- Animals and livestock
- Farming equipment
- Club Memberships
- Safe deposit box items
- Burial plots including documents of ownership
- Items in any storage facility
- Travel Awards Benefits (including frequent flyer miles)
Love and Marriage ….and Divorce!
With the U.S. marriage rate at an all-time low, 51% of adults were married in 2011 (US Census Bureau), only 29% of all divorced adults say they would marry again with women definitely in the negative on remarriage. Americans are also not in a hurry to marry. The median age of first marriages is a record high of 29 for men and 27 for women (US Census Bureau).
So what about the 48% of adults currently married? A new divorce report by the Slater and Gordon Law Firm in England who surveyed 1000 divorcees has reflected some very interesting findings:
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The average person spends about 2 years thinking about getting a divorce before they file.
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During this time the average person spent 18 months really trying to fix their marriage and working to try to save the marriage.
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53% discussed divorce with someone besides their partner before filing.
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36% spoke to an attorney before deciding to file a divorce
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76% tried to fix their marriage problems before deciding on a divorce
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53% said their split was amicable and 45% said they are still friends
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31% have no contact with their previous spouse at all!
How would you fit into this survey?
The Nacol Law Firm PC has expressed 8 of the top causes of Divorce!
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Lack of communication: A successful relationship constantly keeps in touch! When there is a loss of open ended communication on all issues affecting the marriage, families may fall apart quickly. Share your feelings, tell your partner what is happening, and listen to your partner.
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Money and Finances: If there are constant money problems or major disagreements on financial issues, you may have a serious martial problem. A team effort at all times bodes for a better marriage.
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Alcohol and Drug Addiction: Addiction is one of the most damaging and challenging problems spouses will ever face in a marriage. Because additive behavior touches everyone in a family most marriages are severely damaged years before a decision is reached to end the marriage.
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Domestic Violence/ Intimate Partner Violence: Family Violence is the willful intimidation, physical and/or sexual assault & battery or serious mental and verbal abuse perpetrated by one intimate partner against another. The frequency and severity of domestic violence varies dramatically and may include physical or sexual violence, threats, and emotional abuse. The violence is often accompanied by irrational and controlling behavior and is intended to result in total dominance and control over the other spouse /intimate partner or other family members.
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Trust and Infidelity Issues: Do you truly trust your spouse? Are their jealousy issues that occur with one spouse when other people are involved in your lives? A successful marriage is very difficult absent trust. If you do not trust your spouse the marriage is vulnerable!
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Spouse cannot understand or fulfill your needs and desires: this includes personal and sexual needs and common courtesies to each other. We all have different needs and desires. If you or your partner won’t acknowledge each other’s needs and try to accommodate, the marriage is vulnerable!
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Inability to resolve conflict: Often couples have very serious trust issues with each other and cannot get past the needs of one vs the needs of the family. Smart couples will seek out a 3rd party “referee” to help resolve these differences before the marriage is irretrievable.
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Children: Enough said! The married couple must decide on a united front in child rearing and discipline. The child cannot be in charge or subject to multiple contradictory directives!
Deciding to divorce is a very sad and financially devastating family decision. If you and your spouse are still at the point to possibly change things for the better, explore all other opportunities! There was a reason for the initial attraction and your family will love you for it. Otherwise, consult a qualified legal professional who can help guide you through this trying period.
Visitation with your children for the 2014 Holidays – Texas Standard Visitation Guidelines
Now is the time to start working on your Holiday 2014 Schedule for visitation with your children during this wonderful time of year! We would suggest that you review your individual order to see if you have specific provisions concerning visitation. Because many families have specific situations that occur during this special time, this visitation time is the most modified area in the Standard Possession Order. The Holiday schedule will always override the Thursday or Weekend schedules.
Here is a reminder of the current Texas Family Law Code’s Standard Possession Order for the Holidays.
- 153.314. Holiday Possession Unaffected by Distance Parents Reside Apart.
The following provisions govern possession of the child for certain specific holidays and supersede conflicting weekend or Thursday periods of possession without regard to the distance the parents reside apart. The possessory conservator and the managing conservator shall have rights of possession of the child as follows:
Texas Family Law Code’s Standard Visitation Guidelines for Christmas Break:
(1) the possessory conservator shall have possession of the child in even-numbered years beginning at 6 p.m. on the day the child is dismissed from school for the Christmas school vacation and ending at noon on December 28, and the managing conservator shall have possession for the same period in odd-numbered years;
(2) the possessory conservator shall have possession of the child in odd-numbered years beginning at noon on December 28 and ending at 6 p.m. on the day before school resumes after that vacation, and the managing conservator shall have possession for the same period in even-numbered years;
Texas Family Law Code’s Standard Visitation Guidelines for Thanksgiving:
(3) the possessory conservator shall have possession of the child in odd-numbered years, beginning at 6 p.m. on the day the child is dismissed from school before Thanksgiving and ending at 6 p.m. on the following Sunday, and the managing conservator shall have possession for the same period in even-numbered years;
Texas Family Law Code’s Standard Visitation Guidelines for Child’s Birthday:
(4) the parent not otherwise entitled under this standard order to present possession of a child on the child’s birthday shall have possession of the child beginning at 6 p.m. and ending at 8 p.m. on that day, provided that the parent picks up the child from the residence of the conservator entitled to possession and returns the child to that same place;
Texas Family Law Code’s Standard Visitation Guidelines for Father’s Day:
(5) if a conservator, the father shall have possession of the child beginning at 6 p.m. on the Friday preceding Father’s Day and ending on Father’s Day at 6 p.m., provided that, if he is not otherwise entitled under this standard order to present possession of the child, he picks up the child from the residence of the conservator entitled to possession and returns the child to that same place;
Texas Family Law Code’s Standard Visitation Guidelines for Mother’s Day:
(6) if a conservator, the mother shall have possession of the child beginning at 6 p.m. on the Friday preceding Mother’s Day and ending on Mother’s Day at 6 p.m., provided that, if she is not otherwise entitled under this standard order to present possession of the child, she picks up the child from the residence of the conservator entitled to possession and returns the child to that same place.
Texas child visitation orders may differ from the norm to accommodate family situations so you should always check your decree first! If in doubt about your holiday visitation time, contact a family law attorney who can help you to make sure nothing happens to affect this special season with your children. ‘Tis the Season To Be Jolly’!
Domestic Violence / Intimate Partner Violence : Identify the Problem and Make it Stop!
Every day in the news on the internet, TV, and newspapers, we read how Domestic / Intimate Partner Violence affects women, men and children lives in very tragic ways. Many professional athletes have been exposed and many celebrities have professed their life changing experiences.
What is Domestic / Intimate Partner Violence ( IPV ) ? It is the willful intimidation, physical and sexual assault & battery or serious mental and verbal abuse perpetrated by one intimate partner against another.
The frequency and severity of domestic violence varies dramatically and may include physical or sexual violence, threats, and emotional abuse. The violence is often accompanied by irrational and controlling behavior and is intended to result in total dominance and control over the other intimate partner or the other family members.
Current Domestic/ Intimate Partner Violence Statistics:
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Every 9 seconds in the US a woman is assaulted or beaten. Everyday more than 3 women are murdered by their intimate partners.
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1 in 4 women will experience domestic/intimate partner violence in her lifetime. Women ages 18 to 24 are the greatest risk of being victims of domestic/intimate partner violence.
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Every year, over 3 million children witness domestic violence in the home.
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Children who live in domestic violence homes suffer high rates of abuse and neglect (30-60%)
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Intimate partner violence accounts for 15% of all violent crime.
The Worse Fact: Most of all Domestic / Intimate Partner Violence Incidents Are Never Reported! These Abusers are getting away with this abuse and can murder their loved ones at any time!
Legally, the abuser may be deterred from continuing this degrading, hurting behavior against his intimate partner and other family members. But these victims need help. Many times, the domestic violence victims are so weak and beaten down mentally and physically that they cannot help themselves.
Look for warning signs of abuse in relatives, friends and neighbors. Remember: if you are a friend, be their friend. Do something to disclose the abuse and danger in their lives! You may save a life!
Domestic / Intimate Partner Violence – Know the Signs!
Would you know if your good friend from the office or your aunt that lives in Dallas is involved in a domestic / intimate partner violence relationship? Probably not. Many times the abuse starts slowly, is concealed, and accelerates over time.
Domestic violence takes many forms, which include emotional, physical, and sexual abuse. It occurs in heterosexual or same-sex relationships. Husband, wife, children, partners. The most important goal of domestic violence and abuse is to gain and maintain total and unyielding control over the victim.
How do you know if you may be in a domestic / intimate partner violence relationship with your partner?
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Does your partner have a bad or unpredictable temper? Call you horrible names, insult you or put you down?
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Does your partner limit your access to money, the phone, or the car? Are you constantly checked on about your whereabouts?
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Are you discouraged from seeing family members and friends? Does your partner act excessively jealous and possessive without cause or reason?
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Does your partner see you as property or a sex object and force you to have sex at times or in ways against your will?
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Does your partner threaten to take your children away and harm them or to commit suicide if you leave him/her?
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Does your partner blame you for his/her abusive behavior or destroy your belongings?
If you are already in an abusive situation, are your currently living in a hostile environment and:
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Is your abusive partner threating violence
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Has your abuser attacked you with aggressive, belittling, profane, or violent behavior so you know “Who the Boss is”?
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After the abuse, does your partner feel concocted or temporary remorse, guilt and does he/she repeatedly promise to change?
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Your abuser comes up with excuses and blames “you” as the abuser. Does your relationship periodically go back into a” Normal Phase”?
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Is all well until your abuser sets up his/her next situation when he/she can justify abusing you again?
If you are in a relationship with a Domestic / Intimate Partner who is exposing this behavior or you are already having abusive situations, seek help now! Abusive relationships will destroy your self-worth and lead to anxiety and depression. Break free from this relationship by recognizing that such conduct is dangerous, that you are valuable and that you do not have to suffer this emotional pain!
If you are currently in a relationship or marriage with an abusive partner and need legal help, contact a knowledgeable attorney, other shelter or enforcement agency to obtain help.
