Posts by Grable Grimshaw PLLC
How to Minimize Spousal Support Taxes
For decades, the tax laws regarding spousal support went virtually unchanged: The paying spouse was able to deduct spousal support from their taxes, and the receiving spouse had to pay the taxes on it. In practical terms, that could help reduce the total being paid on the money and generally encouraged paying spouses to be…
Read MoreWhat Will a Texas Divorce do to Your 401(k) Account or Pension?
Divorce is a kind of financial double whammy. At the same time that your household income drops because you end your marriage, you will also incur substantial costs related to court fees and other legal expenses due to your divorce. When you add to all of that the fact that you will likely need to…
Read MoreWant to Seek Support? Do You Need to Pay it? Learn More
Child support is a protection for children who are living with divorced parents. The goal of support is to provide them with enough financial support to have the same living conditions as a child who lives in a home with two parents and two incomes. As a parent who may need to pay or seek…
Read MoreLitigation May Result from Breach of Contract
Businesses often enter into contracts when they have an agreement with another party. The terms of the contract must clearly spell out each party’s obligations for the arrangement. There should also be guidelines for what will happen if either doesn’t meet those. Failing to comply with the terms of a contract is known as breach…
Read MoreMilitary Divorce? Set Your Family Care Plan
Members of the military usually count on a civilian spouse or other family member to care for their children if they face a deployment. If you’re married to a civilian but have decided that the union isn’t working, you have several things to think about. One of these is setting up a new family care…
Read MoreBeware the Medicaid Look-Back Period
Long term care options are often costly, especially for residential facilities. Some people assume that they’ll be able to count on programs like Medicaid to cover these. However, Medicaid is a needs-based program that takes the applicant’s assets and their ability to pay into account. Medicaid won’t start picking up the expenses of long term…
Read MoreFocus on What Matters in Child Custody
Child custody matters are often the most difficult facets of a divorce. When you’re trying to work out the details of this with your ex, it is imperative that you focus on what’s important. Allowing your attention to divert to other things can mean that you miss out on arrangements that are best for your…
Read MoreKnow these Texas Divorce Requirements
The end of a marriage is an emotional time. When you know that the marriage is finished, you’ll probably want to file for divorce. There are specific requirements that you have to meet in Texas if you’re going to file for divorce. One of the primary requirements is that you or your spouse have lived…
Read MoreHave Young Children? You Need an Estate Plan!
Parents of young children need to ensure they are making all the plans they can to ensure their child has a stable future. One thing that many people look past is having an estate plan that outlines what will happen to their children if both parents pass away. While this isn’t necessarily a pleasant topic…
Read MoreHow is Property Divided in a Texas Divorce?
Divorce is a nerve-wracking experience emotionally, physically, mentally and financially. During the process, you and your spouse will make decisions that can have a profound impact on your current and future financial well-being. One of the first and most important decisions to make when a marriage ends is how to divide the property you own.…
Read More