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Posts tagged "high asset"

High-income women should consider issues related to divorce

While an increasing number of high-income earning women in Texas is a good thing, it can lead to complications for women who marry. When a woman makes more than her spouse does, it could mean that if she and her husband divorce, she will be the one that has to deal with the responsibility of alimony. Additionally, the person in the marriage with the higher income also usually sees a larger portion of their savings and retirement accounts taken. Therefore, women may want to think about protecting their assets from a divorce.Some of the things that women can do to protect their assets if they get married and divorced are keeping inheritance accounts separate and protecting their business. In most states, income that comes into a marriage, such as an inheritance account, is not considered a marital asset that can be divided during a divorce. However, if someone attaches their spouse's name to the account or uses funds from the account to purchase joint property, that may change. Therefore, it may be a good idea to keep inheritance accounts isolated from a spouse.

Former Cowboys star and wife come to custody deal

Many remember Deion Sanders for his captivating play on the field during his time with the Dallas Cowboys. However, the hall of fame cornerback has, in recent years, had a difficult time off the field that belies the verve of his time in the NFL. As Sanders's very high-asset and high-stakes divorce from estranged wife Pilar continues, the establishment of child custody terms for the couple appears to be a mixed bag for Sanders.

Celebrity dad trying to divorce outside of Texas

A long list of important factors goes into the filing, mediation, possible litigation, and finalization of a divorce. From child custody, family history, shared business capital, to personal property and wealth, the number of deteails that both spouses must be aware of is extensive. However, one important aspect of a legal separation that may often go overlooked is location.

Astronaut, wife reach divorce settlement

In past posts we've noted the growing national trend of older couples in their 50s, 60s, 70s, and 80s seeking divorce. This rise in "gray divorce," as it's come to be called, has made clear that not only are couples living longer, but are also keeping the possibility of separation on the table. When a marriage has proven disappointing or unhealthy, America's seniors are rightly opting to separate, rather than stick with to a failing bond.

Ashton Kutcher finally files divorce papers

Separation and divorce are not the same thing. While a married couple may decide to separate, live apart, and even see other people, a marriage remains legally binding until a divorce is filed. Although the formal legal process can be unappealing to some, a full and notarized divorce can lead to a better long-term financial and personal situation-particularly for high-asset couples.

Texas residency defines high-asset support case

Child support cases are always a contentious, high-stakes ordeal. This level of intensity is only raised further if one or both of the parents involved hold a sizeable amount of assets. Given that child support payments are based on a percentage of parents' income rather than a fixed flat rate, the more a Texas resident makes, the more money stands to change hands following a child support decision.

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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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