As a divorce attorney in Dallas, I have seen the significant impact that a forensic accountant can have on the outcome of a case. At The Blacknall Firm, we understand the complexities of divorce and the importance of having an expert financial investigator on your side. What is a Forensic Accountant? A forensic accountant is a [...]
As a divorce attorney in Dallas, I often see complex cases involving the division of stocks and other assets during a divorce settlement. Texas follows the community property law, meaning that marital property must be divided in a just and right division between the spouses while separate property remains with the owning spouse. When it comes [...]
Selling a marital home during a divorce can be a complex process, but with the right preparation, you can make it a smooth and fair process for both parties. As a divorce attorney at The Blacknall Firm, I often advise clients on the questions they should consider before selling their home during a divorce. Dividing Personal [...]
As a Dallas divorce attorney, I often get asked whether a person going through a divorce in Texas can legally break their lease. The answer is not always straightforward, as it depends on various factors and circumstances. In this post, I'll go over some of the key considerations and answer some common questions. Can a Judge [...]
When a couple in Texas decides to divorce, they face several challenges, including dividing their assets and debts. The process of dividing debts in a Texas divorce is not straightforward and requires a clear understanding of the state's laws. Texas is a community property state, which means that most of the property and debts acquired by [...]
Dividing property and assets during a divorce can be a complicated process, especially in Texas where the law is different from other states. As a divorce attorney in Dallas, I understand the importance of proper property valuation to ensure that the division of assets is fair to both parties. Community Property in Texas In Texas, marital [...]
Going through a divorce can be a difficult and emotional process. It's important to make sure that your financial future is protected during this time, especially if you suspect your spouse may be hiding assets. Here are some steps you can take to ensure that you are fully informed and prepared. Gather Financial Documents The first [...]
When it comes to divorce proceedings in Texas, it's important to understand the state's laws and regulations regarding property division. Unlike some other states, Texas does not use the principle of "equitable distribution" to divide assets and liabilities during a divorce. Instead, Texas uses a "just and right" division of assets. In this post, we'll examine [...]
As a family lawyer in Dallas, I often receive inquiries from couples undergoing divorce in Texas regarding financial responsibilities. A common question is whether one spouse is responsible for the debt of a business owned by the other spouse before the marriage. In Texas, debts incurred before marriage are considered separate property and not subject to [...]
As a Dallas divorce lawyer at the Blacknall Firm, I often get asked about how property is divided in divorce cases. One common question is whether a property occupied solely by renters or tenants will be considered a “business” or a personal property. In this blog post, I’ll explain the difference and how it affects asset [...]
Marriage can have a significant impact on the ownership and classification of a business. In the event of a divorce, it is important to have a clear understanding of the business's status as either community or separate property. Classifying a Business as Community or Separate Property When determining the classification of a business, factors such as [...]
In divorce cases where one spouse works for a large company, stock options and Restricted Stock Units (RSUs) are common assets that must be divided. However, separating these complex assets can be challenging as they are not the same and have different timing, value, and purpose. Stock options grant employees the right to purchase company stock [...]
Divorce and taxes are closely related as the timing and process of a divorce can have long-term tax implications on your finances. If you're going through a divorce, here are the tax impacts to be aware of: Timing and Filing: If the divorce is not finalized by December 31st, you and your spouse are still considered [...]
A postnuptial agreement, also known as a post-marital agreement, is a contract between spouses that outlines their rights and responsibilities regarding property, assets, and debt in the event of a separation or divorce. In Texas, postnuptial agreements can provide peace of mind and help avoid the potential stress and financial burden of divorce proceedings. What is [...]
One of the most challenging aspects of divorce is determining "who gets what" when it comes to dividing assets and property. In order to make this process as efficient and fair as possible, when necessary I recommend that my clients consider working with a forensic accountant. What is Forensic Accounting? Forensic accounting is a specialized area [...]
As a Dallas-based divorce and child custody attorney, I understand that the process of ending a marriage can be overwhelming and emotional. One of the most important, yet often overlooked, aspects of divorce is the division of retirement benefits. Whether you're the employee or the non-employee spouse, it's crucial to understand the laws and processes involved [...]
As a Texas divorce and child custody lawyer, I often come across clients who are concerned about the division of their retirement accounts during the divorce process. It is important to understand the difference between defined benefit plans and defined contribution plans, as they are treated differently under the law and can have a significant impact [...]
As a Texas divorce attorney, I often see cases where one party to a mediated settlement agreement tries to set it aside after it has been signed. In a recent appellate case, a wife appealed from a final divorce decree that incorporated the terms of the couple's mediated settlement agreement. She claimed that there was fraud [...]
As a Texas divorce lawyer, I often get asked about the concept of reimbursement in a divorce. In this blog post, I will explain what reimbursement is, when it is applicable in a divorce, and how it is handled in the state of Texas. What is Reimbursement? Reimbursement is a legal concept that applies when one [...]
As the owner of The Blacknall Firm, a Dallas divorce attorney, I often get asked about the concept of separate property and how it is treated in a divorce. In this blog post, I will explain what separate property is, how it is distinguished from community property, and how it is treated in a divorce in [...]
As the attorney of the Blacknall Firm, I understand the many complexities that can arise during a Texas divorce, one of which is the division of assets, including gifts and separate property. It's important for my clients to have a clear understanding of how these are treated under Texas law. Gifts in Texas Divorces Under Texas [...]
You and your spouse have spent years building a life together, but things are just not working out. Despite your best efforts, you’re drifting apart. Maybe there are other problems driving a wedge between the two of you. Whatever the case, divorce is now a certainty, and you’ve got a lot of questions. One that you’ll [...]
As an attorney at The Blacknall Firm, I often advise clients on the topic of alimony, or "spousal maintenance" as it is referred to in Texas. In this post, I will explain the qualifications for receiving maintenance in Texas, the factors that are considered when determining the amount and duration of support, and the limits that [...]
