by The Webb Family Law Firm, P.C. | Feb 26, 2018 | High Asset Divorce
The Boy Scouts’ motto, ‘be prepared,” is a phrase that also could be applied to older Texas couples who are contemplating a divorce. The closer Baby Boomers get to retirement, the more likely many of them are to get divorced since the divorce rate...
by The Webb Family Law Firm, P.C. | Jan 16, 2018 | High Asset Divorce
When some couples in Texas get a divorce, they might have artwork to divide. There have been several high-profile divorces in which artwork created conflict during property division. For example, in a divorce between a real estate developer and his wife, a trustee of...
by The Webb Family Law Firm, P.C. | Dec 20, 2017 | High Asset Divorce
When Texas couples get a divorce, one of the parties might be able to draw Social Security payments based on the work record of the other. However, the couple must have been married for at least 10 years for this to be the case. There are several other factors that...
by The Webb Family Law Firm, P.C. | Sep 29, 2017 | High Asset Divorce
It’s crucial for Texas couples to keep in mind the tax changes that happen after divorce. After the divorce is finalized, the couple will no longer be considered married for that calendar year. If the marriage is annulled, the couple must file amended returns...
by The Webb Family Law Firm, P.C. | Aug 18, 2017 | High Asset Divorce
Retirement benefits accrued during the marriage by a spouse are subject to division when a Texas couple divorces. This can included amounts accrued by a federal employee in a Thrift Savings Plan. The balance of a TSP can be used to offset assets received by the other...
by The Webb Family Law Firm, P.C. | Jun 22, 2017 | High Asset Divorce
When Texas couples are ending their marriage, they should consider the possible tax consequences before executing a settlement agreement. A case decided in U.S. Tax Court illustrated the importance of documenting all spousal support payments within a legal agreement...
