Getting a divorce can be a very emotional process. Because of this, some people forget or don’t think about tax and divorce. And that’s understandable. However, it is really important to keep tax issues on your mind during the divorce process and discuss these issues with your attorney and accountant. With that in mind, here are some common tax considerations. (more…)
A mother of four was arrested on suspicion of driving under the influence (DUI) in Texas. The twist in the story is that the arrest lead to the mother discovering she had a brain tumor.
On July 31, 2015, the mother dropped off her children at daycare. She drove off and eventually hit a curb and collided with a fire hydrant. The police arrived on the scene. Presumably, they conducted some type of Standard Field Sobriety Tests (SFST) to determine if the mother should be arrested for DUI. This assumes the mother was well enough to conduct the tests despite the crash. (more…)
One of the trickiest and complicated issues during a divorce is valuating a business. One part of valuation is a concept called goodwill. Goodwill represents the continuing value of a business venture. Inherent in its value are factors such as the name of the business, location, reputation and the ability of the members of the business. In other words, goodwill is the intangible part of the business as opposed to the brick and mortar value of the business. Depending on the business, goodwill can be the most important value of the company. Also, a business need not be salable to have goodwill or does it need to have physical assets. (more…)
A common question for a family law attorney is relocation with children after divorce. In many situations, parents have gotten a divorce and each parent has visitation according to a parenting plan. However, what happens if one parent decides to move to another state and wants to take a child? Obviously, this will be a great concern for the parents especially the parent who is not moving.
If the parents agree, relocation isn’t usually a complicated matter. An agreement can be memorialized into a supplemental parenting plan and approved by a judge. However, the complication occurs when the parents do not agree. (more…)