A divorce represents a challenging and stressful time for spouses. Tough divorce negotiations could make the experience even more difficult, especially when the two parties remain far apart on many issues. Settling matters related to asset division and child custody...
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Wells Peyton & Partain, L.L.P. Blogs
Can you change your corporate structure?
Many business owners don't have a lot of energy or time to learn the intricacies of all different business formations to determine which one is best for their company when they're a one-person startup. At this stage, most business owners know that they have what they...
What happens if you die without creating an estate plan?
It is incredibly easy to procrastinate about the creation of an estate plan. After all, if you are still healthy and relatively young, you have hundreds of tomorrows in which to think about your own death. Why should you have to do it today? The simplest answer is...
Corporate spinouts: What are they and why consider one?
In any creative business environment, opportunities abound -- but not all of them may align with your company’s current direction and goals. Some of the ideas or opportunities that come your way may even be a bit risky. That’s where a spinout can be helpful. Rather...
The easiest way to avoid probate disputes
Probate disputes can be a massive issue for families. They often involve siblings, which is problematic on many levels. Not only do they disagree on what to do with the assets, but they may retain feelings of frustration and animosity even after things are sorted out....
Will the divorce rate increase this year?
The last two years have been difficult for many couples, and there have been predictions that the divorce rate is going to increase. What do the statistics tell us? First of all, there is the chance of a “bounce,” seeing as how the rate hit a new low in 2019. If the...
How to manage your money after a divorce
Ending your marriage can have a significant financial impact on your life. However, there are steps that you can take to minimize the damage that a divorce might have. For instance, if there is equity in the Texas home that you and your spouse own together, it may be...
Does an executor in Texas have to pay taxes for the estate?
People think of the executor of an estate as the person who has to locate and sell assets, possibly in an estate sale. They also have to distribute proceeds from that sale and remaining property among the beneficiaries of the estate. However, before an executor can...
Four updates you should make on your estate plan when you divorce
Divorce comes with significant implications not only for your future but also for the future of your assets and dependents. As such, it is critical that you review and revise your estate plan as soon as you decide to dissolve your marriage. Here are four updates you...
Can you still be close to your ex’s parents and family after your divorce?
Many big changes typically take place in your life after you get divorced in Texas. You may need a new place to live. You might have to rearrange or shore up your personal finances. If you have children, you have the challenging task of guiding them through this...