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Powers Kerr & Rashidi, PLLC

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How Retirement Accounts Are Treated in a Texas High-Net-Worth Divorce

On Behalf of | Jun 27, 2023 | ,

Going through a high-net-worth divorce in Texas can be a complex and challenging process. One important aspect that often arises during such divorces is the treatment of retirement accounts. In this article, we will discuss the considerations and guidelines surrounding retirement accounts in a Texas high-net-worth divorce. What Is a High-Net-Worth Divorce? Divorce proceedings involving high-net-worth individuals often involve significant…

Prenuptial Agreements and Postnuptial Agreements in Austin, Texas

On Behalf of | Jun 6, 2023 |

Assets acquired during a marriage are considered community property in Texas. That means that, if you divorce, the property is equally distributed between you and your spouse. Prenuptial and postnuptial agreements can help you divide most assets on your terms. Our Austin family lawyers can help you make an informed decision to minimize the risk of arguments and complex property…

Relative Adoptions in Austin, Texas 

On Behalf of | Jun 2, 2023 |

The adoption process in Texas is far from being cut-and-dry. Each adoption is unique depending on the adoptive parents, the adoption type, and the birth mother. In some cases, relatives, such as aunts, uncles, and grandparents, may take over a child’s care if the biological parents are unable or unwilling to do so. Relative  adoption with or without parental consent…

Enforcement and Modification of Divorce Orders: What You Need to Know

On Behalf of | May 31, 2023 |

Divorce decrees become legally binding agreements that govern the actions of both parties involved in a divorce. While the end of the divorce proceedings can be a welcome relief, it doesn’t necessarily mean the legal issues surrounding the divorce are over. Situations may arise where one party is not complying with the orders or the orders need to be modified…

Creating a Successful Parenting Plan: Tips and Strategies for Co-Parenting

On Behalf of | May 24, 2023 |

The Texas law on child conservatorship encourages parents to share the duties and rights of raising their children after separation or divorce. In simple words, this is known as co-parenting. While co-parenting is a challenging task, it is often essential for the well-being of children whose parents are no longer in a romantic relationship. In this article, we will discuss…

Child Custody and Relocation: Understanding the Impact on Your Children

On Behalf of | May 8, 2023 |

Child custody and relocation are two highly complex issues that can greatly impact the lives of children involved in a divorce or separation. Following a separation or divorce, Texas courts often encourage joint conservatorship so both parents share rights and responsibilities in raising their children. Parents considering relocation must understand the potential impact it may have on their child custody…

Tax Considerations in Texas High-Asset Divorce Cases

On Behalf of | Apr 25, 2023 |

Divorce in Texas is a complex process that becomes even more complex when high-value assets are involved. In high-asset divorce cases, Texas couples and individuals must consider the tax implications associated with property division, spousal support, and child support. There are various tax implications that come into play when you get a divorce in Texas, and these can have an…

Child Support for High-Income Parents in Texas

On Behalf of | Apr 19, 2023 |

If you have children, child support becomes a core part of divorce in Texas and the wellbeing of your children is a major priority for the courts. However, child support can become a bit more complex in a high-asset divorce. Parents going through a divorce in Texas are subject to statutory mathematical formulas to determine their child support obligations. In…

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