Tag: Dividing Assets

Jessica Simpson’s parents settle divorce and divide assets

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Tuesday, May 7, 2013

The press has made a somewhat big hullabaloo over a life insurance policy purchased by Joe Simpson on the life of his daughter Jessica. Joe is now finalizing a Texas divorce with his soon-to-be former spouse, Tina Simpson. The divorce action was filed by Tina in a Texas court in Sept. 2012. The latest headlines regarding the life...

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Claiming retirement benefits from an ex-spouse after divorce

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Thursday, March 21, 2013

When negotiating one's divorce settlement, many Texas spouses make the mistake of failing to focus on the big picture. It can be easy to allow recent or current resentments and other emotions to influence the decision-making process. However, failing to adequately address one's future financial needs during divorce can be financially...

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As economy improves, Texas divorce rates could grow

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Wednesday, November 21, 2012

While economic struggles can increase tensions on a marriage, those forces can also keep couples together longer than they would if they were in a better financial situation. A recently released study slated for publication in Applied Economics Letters takes a close look at divorce trends in American society, and how they shift along with...

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Is it useful to employ a vocational expert in a Texas divorce?

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Friday, November 9, 2012

When a divorce is filed, a number of issues involving each individual can come into play. These issues for Texas families can range from child custody to earning potential to many other factors which a judge may consider when issuing a final order. In many cases, a divorce requires the parties to be knowledgeable about their spouse's...

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Texan farmers and ranchers face difficulties in property division

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Tuesday, October 9, 2012

// Negotiating the division of assets in a divorce can be a difficult task for anyone. However, property division can be especially complicated for Texas farmers and ranchers. Because Texas is a community property state, all the wealth that a couple has accumulated together must be split evenly between the couple. This can lead...

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Many in Texas surprised by property division in community state

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Thursday, September 20, 2012

One of the things that many people are surprised about is how property division differs in Texas compared to most states. After all, Texas is one of states in the minority that splits assets that the couple has earned evenly among the couple. Sometimes such property division can have many scratching their heads, since the money that was clearly...

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Texas CEO claims worth of negative $50 million in divorce

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Thursday, April 12, 2012

// Property division can always be complicated. However, property division can be especially tricky for couples who are very wealthy. Though prenuptial agreements often help, in some cases they can serve as yet another point of contention between couples facing divorce. In one Texas divorce, a CEO has claimed a negative net worth...

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Alimony in Texas

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Thursday, January 19, 2012

// Alimony is one of the most misunderstood elements of Texas divorce law. Under the Texas Family Code, alimony is generally only available in marriages that are at least a decade long and a spouse seeking alimony must be generally unemployable due to lack of job skills, disability, or the need to care for a disabled child....

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Mediation can be a good alternative to court

On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Wednesday, December 28, 2011

// On behalf of Loughmiller Higgins, Attorneys at Law posted in Divorce on Wednesday, December 28, 2011. When a divorce seems inevitable, many people cringe at the idea that their divorce could take months or years to complete, and they might have to wait for a court date to have a judge decide who gets what. Luckily, if you...

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