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Who can claim a child on their tax return?

Those who have joint custody of a child in Texas may want to know how the IRS views the issue of which parent is able to claim the child as a dependent on their tax return and receive the tax benefits. Many divorcing couples settle this matter in the divorce...

How to divide a 401(k) or IRA in a divorce

In Texas, you and your spouse each own roughly 50% of the assets acquired while married. Therefore, you can expect to receive roughly half of the assets that you shared with your former husband or wife. However, there are certain protocols that may need to be followed...

Tips for parents who cannot pay child support

Texas parents who find they cannot pay child support may be able to seek a modification through the court system. Failing to pay child support is a serious problem, and in 2015, just 60% of child support that was supposed to be paid was received. However, this does...