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dallas child support lawyerThe end of a relationship means that parents of minor children will be under heightened scrutiny when it comes to providing financial support to their children. Whether it is through a divorce or breakup, as well as when parents were never in a relationship, both parents have a legal obligation to make sure their child’s needs are cared for. 

A Texas child support order quantifies which parent must make child support payments and how much they must be, but some parents decide to try to dodge child support payments. If you are the parent of a young child and your child’s other parent has stopped making child support payments, do not wait to take action. Get help from an experienced child support attorney right away. 

Make Sure You Have a Child Support Order

Before you can enforce a child support order, you need to have one. A simple verbal agreement between parents may seem easier, but it is not enforceable in court. If you and your ex have not established a child support order yet, do not worry. The Texas Office of the Attorney General or a Suit Affecting the Parent-Child Relationship (SAPCR) can make sure you get a child support order, including establishing paternity if necessary, and your attorney can guide you through this process. 

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b2ap3_thumbnail_fort-worth-oilfield-injury-lawyer_20220624-163948_1.jpgTexas oilfields are a crucial part of our nation’s infrastructure. The men and women who work these often dangerous jobs keep our cars driving, our heat on, and our packages delivered. But oilfield jobs are not without risks, and every so often the risks are so serious that victims of oilfield accidents are incapacitated or killed. For example, just a few months ago, a mother and father of young children were killed when they succumbed to fumes from a gas leak at a pump house while their children waited for them in a car. 

Tragedies like these affect extended families and communities, but for the immediate family members, the loss or handicap of the person who is often the family’s sole breadwinner has long-term implications for a family’s financial future. If you or a family member have been injured or killed in an oilfield accident, seek legal help before settling with the responsible party. 

Common Oilfield Accidents

While the circumstances surrounding every injury differ in certain respects, many injuries sustained by oilfield workers share similarities. Some of the most common injuries happen during the following situations: 

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b2ap3_thumbnail_dallas-prenup-postnup-attorney.jpgBusinesses frequently take many years to become successful. During those years, the business owner spends countless hours of difficult personal labor ensuring the business has what it needs to succeed. He or she usually spends significant amounts of personal money to help the business grow. Yet when a business owner gets divorced in Texas, he or she risks losing everything in the marital asset division. Not only is this discouraging and demoralizing, it can cause an older business owner to risk retirement prospects by derailing their financial future. Thankfully, this outcome is not inevitable. With the help of a prenuptial or postnuptial agreement, you can protect your business ownership against an unexpected Texas divorce

How Can a Prenuptial Agreement Protect My Texas Business? 

Prenuptial agreements exist specifically to detail the treatment of property in a divorce when spouses are clear-minded and willing to protect their interests and even their spouse’s interests. Although prenuptial agreements may not seem romantic, the period before the marriage begins is when each spouse has the opportunity to delineate what he or she wishes to remain personal property in the event of divorce.

Would My Business Be Considered Community Property? 

Although your ownership in the business before your marriage would remain your personal property, any business growth or earnings are marital property after the marriage has begun unless otherwise specified in a prenup. Anything that is not protected by a prenup or postnup must be divided equally in a divorce. It can be very difficult to determine how much of a business’s value was one spouse’s personal property before a marriage, especially if that spouse did not document a business valuation just before the marriage began. 

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b2ap3_thumbnail_fort-worth-divorce-lawyer.jpgWhen a Texas business owner gets divorced, he or she faces several difficult challenges. First, the business’s value must be assessed. Second, the value must be divided between spouses as part of the marital asset division. And third, the business owner’s personal attachment to the business must be navigated as the business is treated as an objective asset rather than the product of years of painstaking personal investment. 

If you are getting divorced in Texas, do not leave the fate of your business to chance. Read this blog to get an overview of how small businesses are valued in a divorce and then get help from an experienced divorce attorney who can connect you to business valuation professionals. 

Small Business Valuation Methods

The value of a business can change quickly, making it important to choose a specific date on which the business’s value will be estimated and then applied throughout the asset negotiation process. While the method used to determine your business will depend on several factors, including the type of business you have, there are three methods that are used most often when assessing a small business’s value. These are: 

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b2ap3_thumbnail_dallas-divorce-attorney.jpgDivorcing spouses in Texas must work together to negotiate important issues like child custody, alimony, and asset division. Because of the importance of these issues, and because spouses must provide testimony and evidence to a court, spouses are expected to act with honesty and integrity during the negotiation process.

Unfortunately, this does not always happen. Many people see divorce as a zero-sum situation where, if one party gains something, the other party loses. This mindset is especially prevalent during negotiations involving money; many spouses will try to hide cash, collectibles, or investments during divorce and then recover the hidden assets once the divorce is over. This is especially easy to do when one spouse is a small business owner because a couple’s marital assets are often mingled with a small business’s income and expenditures. If you are divorcing a spouse with a small business, here are five places to look for hidden assets.

Common Small Business Owner Asset Hiding Strategies

Just because a business is a “small business” does not mean it cannot bring in a hefty amount of cash and profits. Some ways to conceal cash in a business include:

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