Laura Dale & Associates, P.C.

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Figuring out how to divide your property can be the hardest part of your divorce. The more unique and valuable your property is, the more likely you and your spouse are to disagree about the right way to split it in your upcoming divorce. Possessions can sometimes require an appraisal by a professional. If you have a work of fine art, for example, bringing in someone with knowledge about the genre or artist can help you determine the fair market value for the art. What happens when the art is newer and possibly not even physical? Cryptoart or digital art
Finding a fair way to split up your property is often a major concern in a Texas divorce. You and your spouse probably both have invested a lot of your time and income into the shared resources that you now need to find a way to split. It can be difficult for couples to review their household finances and determine what is reasonable and fair. Some property is much harder to divide than others. Items with significant emotional value for either spouse can present a challenge. The same is true of property with unclear financial value. If you or your…
Couples going through a divorce typically handle the house in one of two ways. Either one spouse keeps the house and gives the other some of the equity, or they agree to sell the house and split whatever they make from the sale. Although it is rare to hear about it, there are situations where couples decide to retain joint ownership of the house even after divorce. Although joint ownership with your ex might seem like a nightmare situation, there are actually two very reasonable explanations for why a couple with children might agree to retain joint ownership of the…
There’s been a steady movement toward equally shared custody of children after divorce in this country. Under Texas law, the default is still a 75/25 split. A bill currently in the Texas legislature would change that to 50/50.  House Bill 803, however, has yet to even receive a committee hearing. That doesn’t bode well for its chances of getting to a vote before the legislature, which is in session only every other year, adjourns at the end of May. Why moms and dads are fighting for the bill Although the current 75/25 split typically gives mothers a greater amount…
Your spouse tells you that they don’t want to get divorced. They blame you for the way the marriage is ending. You can tell that they’re frustrated and angry, and you worry that they’re looking to get even. One of the most common ways that people do this is by hiding assets. Your spouse knows that he or she has to divide those assets with you in the divorce. By hiding them in advance, your spouse essentially hopes to steal your share of the assets from you. This is malicious and illegal, but it happens all the same.  How do…
When a couple decides to divorce, disputes over money are common — particularly when it comes to issues of spousal support. You may be able to make your support payments comfortably today, but a significant portion of your wealth could be gone in an instant if you make an unsavvy investment, face a lawsuit, lose your job or fall ill. It may give you more peace of mind if you can do away with your financial obligation once and for all instead of having a nagging debt every month. If you’re not thrilled about the idea of making monthly support
When you are going through a difficult divorce, everything that used to make sense or seem to be true may not any longer. Your life will feel complex, and the stresses will feel difficult to resolve or escape from. It’s also likely that you’ll have a wide range of worries and fears, from suffering financially, living in loneliness or losing custody of your children. During one of the most difficult phases of your life, having the right mindset is key. Having a long-term vision and trust believing that this too will pass will help you to gain the emotional stamina…
One estimate is that parents pay at least $33 billion in child support annually in the U.S. The truth is that less than half of custodial parents ever receive the full payment that the court initially ordered.  If you’re behind on your child support and are worried about the consequences, is bankruptcy an option? Not really. Bankruptcy can free you from other debts and make your child support more affordable, but it won’t eliminate your support obligation. Why you can’t discharge your obligation to make support payments in a bankruptcy Support payments (including both child support and spousal support) fall…
Ask virtually anyone who went through a divorce, and they’ll likely tell you that divorce can wreak havoc on your finances, and more specifically, your credit, as well.  While the act of divorce in itself may not adversely impact your credit score, the handling of debts before and following its finalization might. You must understand how divorce affects your credit so that you can take the necessary steps to minimize its impact.  Credit during marriage and following divorce U.S. Census Bureau statistics published in 2019 showed how women often report earning less income than their male counterparts in the year…
When opposite-sex couples decide to get divorced and begin splitting up assets, it may seem pretty straightforward. If they got married in 2010, everything they bought jointly after that is a marital asset that they purchased together. These are the assets they both have a claim to and that they need to divide.   For same-sex couples, though, things are not so clear. When did the relationship really start? It may be different than the date of the marriage. How should they divide assets that were purchased before the date of marriage, especially if marriage wasn’t legal before that?…