Spousal Support Is Not Guaranteed

In Texas, alimony is called spousal support or spousal maintenance.  Spousal support provides a spouse with periodic payments from the former spouse’s future income that continues after the divorce. Spousal support is not automatically ordered.  Many factors are considered by the Court when determining if spousal support is appropriate, such as each spouse’s financial resources, […]

Divorce and Social Security Benefits

Social Security rules are complex, and a “gray” divorce or remarriage can affect your benefits. Although the court cannot divide Social Security benefits, many people going through a “gray” divorce may qualify for benefits based on their spouse’s earning history.     Under current Social Security rules, in order to qualify for benefits based upon a […]

Financial Survival After Divorce

This topic causes a great deal of anxiety and concern in divorce clients in the “gray” divorce age group. The financial stakes are high. Here are some suggestions:   Immediately begin exploring your options for health insurance coverage;  this is one of the biggest concerns and biggest budget items for those 50+ years of age. Project […]

Estate Planning Before, During and After a “Gray” Divorce

Before your divorce, you may have insurance policies, a Will or Powers of Attorney that benefit the other spouse, or that name the other spouse as an executor. Before filing for divorce, you may want to make changes. Sometimes changes are prohibited after a divorce is filed, so check with your attorney. You may not […]

Prepare for Post-Divorce Living Expenses

Start with an accurate list of necessary and discretionary living expenses. You must know how much income you’ll need — whether that is spousal support, passive income from assets, or employment. With less time to bounce back from the economic upheaval associated with divorce, accurate budget projections are crucial in the “gray” divorce. We encourage clients […]

Fifty Shades of Gray…….. Divorce

“Gray” divorce is a term referring to the demographic trend of an increasing divorce rate for older (gray-haired) couples in long-lasting marriages. Since 1990, the divorce rate for Americans over age 50 has doubled, and has more than doubled for those over age 65.  Today, 1 in 4 people going through a divorce in the […]

Privacy laws at age 18…. and the last tip of our series.

Under Federal HIPAA law, once you turn 18 your parents can no longer discuss your health and medical care with your doctor, or with campus health services, unless you give consent. The Family Educational Rights & Privacy Act prevents your parents from discussing your grades, even if they pay your tuition. Finally, privacy laws prevent […]

More tips on turning 18…

Once you turn 18, you can serve on a jury.  You are now responsible for paying taxes. If you are an 18-year old male, you must register for the Selective Service. Failure to register could mean a $250,000 fine or jail time, plus the loss of student loans and any federal or state employment.   […]

Those childish pranks can be serious now.

What was once considered just “kids being kids” can get an 18-year old arrested. Shoplift or T.P. a teacher’s house and you could land in jail!   Think twice before you act. There could be consequences you do not want to face.

More Tips on Turning 18

An 18-year old can enter into biding contracts, buy and sell real estate, inherit property and buy a car.  On the flip side, an 18-year old can also be sued.   At age 18, you can buy lottery tickets and tobacco products.  Now, tobacco is gross and is bad for your health, so don’t buy […]