Net Resources and Child Support in Texas – The Executive Pay Catch 22
The highest paid executive earned more than $101 million in 2011 according to Forbes Magazine but his salary was only around $1 million. If this executive was ordered to pay child support in Texas, he would not be able to avoid child support on his entire income just because his salary is only $1 million. […]
Child Support Caps for the Wealthy – UPDATED
For those who’s net monthly resources are $8,550 or more, you may be able to enjoy a cap on child support. The term “net resources” is a complicated legal term that generally amounts to all resources less certain deductions such as federal taxes and social security but not 401(k) contributions. There are of course various […]
What can a pre-marital agreement do for me?
I can’t resist commenting on the recent drama with Weiner, Schwarzenegger and Edwards. Could a carefully crafted pre-martial agreement have reduced the likely fallout? Pre-marital agreements, by definition, prepare for the unexpected. No one ever thinks they will divorce when they get married. But most intelligent people know life is hard and it’s reasonable to […]
Common Law Marriage is Like a Tattoo
Common law marriage is like a tattoo: easy to get, impossible to get off. Okay, maybe not impossible but you get the point. There are only three requirements to having a common law marriage in Texas. You must live together, you must have an agreement to be married and you must “hold out” as husband […]