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Posts tagged "end of a marriage"

How to avoid common financial mistakes when pursuing a divorce

During divorce proceedings, there is generally a lot at stake. Alimony, parenting plans and property division are just a few of the many legal issues that can be running through a spouse's mind. By taking precautionary steps, Texas spouses can avoid some common financial mistakes and hopefully end their marriage in a simple and cost-effective fashion.

Examining the role of alternative dispute resolution in divorce

Texas couples who are seeking a divorce may be interested in alternatives to going through a long trial in order to resolve the end of a marriage. These alternative methods can help to save money and headache. While a trial is one way to decide the terms of a divorce, the time and expense of the process makes it difficult for many former couples to go through. For this reason, many divorces end in a settlement arrangement, rather than a judicial decision. Alternative dispute resolution methods such as mediatio, allow the divorcing spouses to decide how their divorce goes on their own terms. This occurs through voluntary negotiations with the help of a neutral mediator who leads the former couple through these negotiations on the various important matters.

Billion-dollar divorce case could be record-breaking

The world's 39th richest person, according to Forbes, may have to pay the largest divorce settlement in history, and law firms in Texas and other states are paying attention to the Oklahoma proceedings in the divorce case. In May, the largest divorce judgment in history was made at $4.5 billion, but some think that oil tycoon Harold Hamm may have to give his wife $4 billion to $8 billion of his $20.2 billion estimated net worth.

Guarding separate property in a high-asset divorce using trusts

Texas residents who are going to be married may be interested in one way to protect non-marital property in the case of a future divorce. This method, currently available in 15 states, avoids the need for an awkward conversation about a prenuptial agreement.

Credit scores when a marriage ends

While people in Texas generally think that the end of a marriage will have a negative impact on them financially, a survey of recently divorced individuals showed that credit scores can often rise when a couple breaks up. The study, released by an online credit education company, reviewed responses from 526 divorced people in numerous social groups and the related impact of how a divorce affects finances.

Planning for financial life after divorce

When a couple divorces, one party may be ordered to pay temporary or permanent spousal support, otherwise known as alimony, to their ex-spouse. According to a report, alimony payments from one ex-spouse to another might well account for a significant portion of the recipient's financial welfare.

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Bruce Turner

In addition to his law degree, Bruce Turner has a master's degree in tax law and is Board Certified in Commercial Real Estate Law by the Texas Board of Legal Specialization.

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Turner, Bruce E.
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Bruce Turner with Bennett, Weston LaJone & Turner, P.C.

Attorney Bruce Turner is located in Dallas and represents people and businesses throughout DFW and the Metroplex, including Denton, Carrollton, Lewisville, Flower Mound, Farmers Branch, Irving, Las Colinas, Corinth, Highland Village, The Colony, Plano, Frisco, Allen, McKinney, Mesquite, Grand Prairie, Garland and Grapevine as well as Collin County, Denton County and Dallas County in Texas.

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