The end of a marriage is always difficult, regardless of whether it is a mutual decision to divorce, one that you have made for yourself and your family, or one that has been thrust upon you, with or without advance warning. In any scenario, divorcing will be...
Did you know that the U.S. Census Department released a 2021 report showing that 34.9% of yearly divorces involved couples aged 55 years or older? This has been coined the “Gray Divorce” by The American Association of Retired Persons (AARP) to describe divorces involving individuals 50 years or older. The Gray Divorce often involves couples who have been married for…
Artificial intelligence, commonly referred to as “AI”, is advanced technology that simulates the human intelligence processes. AI uses data, algorithms, and computational power to perform tasks that are most often performed by a human, such as learning, problem-solving, and decision making. It creates software that can learn from data and mimic human cognitive functions. In collecting data, an AI system…
Stock options and restricted stock units (RSUs) are assets that are often divided in a divorce when one spouse has acquired these assets resulting from an employment benefit. Stock options and RSUs have very different definitions and characteristics. Regardless of their differences, they are assets which will need to be addressed in a Texas divorce. For purposes of this blog,…
Most divorces, whether contested or agreed, will have some level of complexity. Complications can become compounded if the divorcing spouses are high net worth individuals with significant property or assets, all of which must be divided in the divorce. Many high asset divorces involve at least some, if not all, of the following: • Trusts • Business Interests • Family…