With Strength And Compassion
Powers Kerr & Rashidi, PLLC
Divorce can have a significant financial impact on a person, especially if they are involved in running their own business. A business is usually among the marital assets that need to be divided under Texas community property laws. But before a business can be divided, its value needs to be assessed. Some businesses are easier to value, while others, such…
What was once just a hobby for a few has turned into a significant form of investment for many. It is estimated that more than 20 million people in this country own cryptocurrency. The value of the cryptocurrency market hit an all-time high of $2 trillion in April, an obvious boom for anyone who owns crypto assets. But this popularity…
When a marriage has broken down, it can be difficult to decide which way to turn. Do you stay and try to work through the issues that have come between you and your spouse or do you finally walk away and start a new life for yourself? There are many aspects to ending a marriage – both emotionally and legally.…
There are many complex financial issues that need to be addressed in a high-net-worth divorce. Unfortunately, one of those issues is taxes. When marital assets are divided in a divorce, the IRS considers this income. This is why it is critical to have a skilled high asset divorce attorney advocating for you and ensuring your financial future is protected. Spousal…
When it comes to divorce, Texas is a community property state. This means that the marital estate is supposed to be divided 50/50. Unfortunately, many spouses do not feel that their spouse is entitled to half of everything the couple owns and will do all they can to prevent that from happening–even if what they are doing is illegal. If…
One of the most contentious part of a high asset divorce is the division of assets. Although Texas is a community property state – which means all assets are divided 50/50 – it is not uncommon for some spouses to do everything they can to try to keep more of the marital estate “pie” for themselves by hiding assets. Other…
For many couples who decide to divorce, the decision to end the marriage is usually a mutual one. While it may be one spouse who finally makes the decision to file, there has usually been some discussions about the dissatisfaction both spouses have with the marriage. However, there are also situations where one spouse files for divorce and the other…
When a couple with a high net worth makes the decision to end their marriage, it is not uncommon for the divorce process to become complex and drawn out. Along with the “normal” acrimony couples may have due to the breakdown of the relationship, now there is the added stress and frustration of child custody, the division of assets, and…
One of the most complex parts of a high asset divorce is the division of assets and property. This division becomes even more complex when there is a family business involved. Since Texas is a community property state and in order to ensure the division of the marital estate is equal, it is critical that the parties have an accurate…
The recent decision by the U.S. Supreme Court regarding Roe v. Wade has triggered a firestorm of both information and misinformation, from both sides of the political spectrum. One piece of information that recently went viral on Twitter was a post about it being illegal in five states to get a divorce if you are pregnant. One of the five…