Divorce is a difficult and often emotional process that can be compounded by financial stress. In Texas, one of the ways that the law attempts to alleviate some of that stress is through spousal support, also known as alimony. Spousal support is a court-ordered payment made by one spouse to the other to help with living expenses after a divorce. However, not every divorce will result in spousal support being awarded. In this blog post, we will discuss the conditions under which you may be entitled to spousal support in Texas.
Is your business operating in the state of Texas? If so, you may be required to file an annual Texas Franchise Report and pay the Texas Franchise Tax. This tax is based on your business’s net income, and the Texas Franchise Report is the document you use to report this information.
The “statute of limitations” refers to the time frame within which an individual may file a lawsuit after an alleged harm has occurred. In Texas, the statute of limitations for civil lawsuits varies depending on the type of case. Understanding the statute of limitations is important because once the deadline has passed, the right to sue or take legal action is usually lost, even if the harm was significant.
Have you looked at your wills lately? When was the last time they were updated? Do they currently meet your estate needs? When it comes to estate planning, it’s important to regularly review and update your wills to ensure that they accurately reflect your current wishes and needs.
As Texans, we’ve lived through COVID-19, we’ve lived through freezes, and now we’re battling inflation and higher costs of goods. With the changing state of the world, how was the year-end for your businesses? How did it compare to previous years? If your year-end suffered, it may be time to evaluate whether your current business structure is allowing your business to achieve its goals.
The United States is the number one place to be sued in the world, with Americans filing over 40 million lawsuits each year. If you become involved in a civil lawsuit, you may want to know if the case could turn criminal or vice versa. This article will explain the difference between the two types of cases and how one lawsuit can trigger another.
Texas is a community property state, meaning all property and earnings acquired during a marriage are equally owned by both spouses. If a divorce occurs, all assets will be divided between the two spouses as per equity decided by a judge unless a prior plan, such as a prenuptial agreement, is in place.
Ending a marriage is a difficult decision for anyone to make, and there is no such thing as a simple divorce. It’s important to know that there are many actions you can take to help you through the process and make it as smooth as possible. Here are the first steps you need to take once you’ve made the decision to get a divorce.
Estate planning is an important process to undertake to protect your family’s wealth for future generations. Trusts are a common tool that grantors utilize to ensure their assets are properly managed both while they are alive and in the event of their death. Different estate planning fees may apply when setting up a trust, and it is beneficial to understand if these costs can be deducted from your taxes.
Self-help is the process of solving one’s own legal disputes without the help of a lawyer. Many individuals attempt to resolve legal disputes on their own. However, self-help can be dangerous if you don’t know what you’re doing and could potentially lead to more serious consequences. In the United States, courts do not have to recognize private agreements when there is an issue of equity known as fairness or if a party claims lack of full disclosure or knowledge. Beware of settling a dispute informally when there is no suit pending before the court, as you can end up making things worse in the long run. You should know the common pitfalls of utilizing self-help in legal disputes and how to avoid making those mistakes.
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February 2024
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