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For the average couple facing a divorce, the biggest concerns will be what happens with their children and how they split up their possessions. Many couples will focus their financial divorce concerns on major assets like retirement accounts and the family home.
However, as a successful professional, you have another asset that could be vulnerable in a divorce. Your professional practice as a doctor, dentist, accountant or therapist is the source of your revenue and likely a source of pride. You have built up a professional practice on your own through hard work and personal sacrifice.

Many people put off creating a last will repeatedly because they don’t want to spend time thinking about the end of their life. While it is natural to want to avoid such an unpleasant topic, failing to plan for your death can mean that your loved ones get left at a disadvantage when you die.
Creating a last will is a great first step, but it isn’t the only step that you should take when planning your estate. After all, the end of your life can often involve more than just the distribution of your assets.

Divorce changes a lot of things about your life, but it also changes things about your death. Your former end-of-life documents no doubt included your spouse, so you will need to update your estate plans to accommodate the changes in your life.
Forbes explains that one of the first things you need to do when you file for divorce is to start making changes to your estate plan. Then, once you finalize your divorce, you will want to go back and review your estate plan again for additional changes you need to make.

Many individuals accrue debt after divorce because they have difficulty living on one income when they previously had shared finances. Supporting two households is much more expensive than a single residence, so make sure you budget for this new lifestyle accordingly. If you fear an inability to support yourself financially after divorce, you may consider asking the court for spousal support. Often, temporary payments will give you the means to pursue education or job training.
Most of all, give yourself time. Many people report that it takes about a year to feel normal again and hit their s

Going through a divorce can cause serious money issues. Before the Texas court finalizes your case, you already begin the process of separating your finances from your soon-to-be-ex-spouse’s finances. This can create some uncomfortable money situations if you are not ready to handle the changes.
You should learn how to budget during your divorce to account for the financial adjustments. USA Today explains that there are a few things you can do to help keep your budget under control and avoid serious money issues.

When you decided to marry your spouse, you probably planned for a life-long marriage. Even if you are heading for a divorce, you may not feel animosity toward your spouse. Fortunately, Texas law does not require you to assign blame to dissolve a marriage. 
If your marriage is not working, you may know exactly why. On the other hand, you may have a general sense that there is nothing you can do to fix your union. Either way, you should know about Texas’s no-fault divorce statute. If you are planning to divorce your spouse, you have some decisions to make. By understanding the difference betw

Divorce can be a challenging and emotional process. It’s essential to approach it with a clear mind and a well-thought-out plan. Unfortunately, many people make mistakes during this process that can have long-term consequences. In this blog, we’ll explore some of the most common mistakes to avoid during a divorce to protect your interests and your future.
For more comprehensive guidance on family law and divorce, visit Engel Law Group Family Law and Divorce. Additionally, for specific information on divorce proceedings, check out Engel Law Group Divorce Services.

Let’s assume you’ve just been served with divorce papers. So you call your wife and you ask her why she filed for divorce. In her answer, she tells you it’s time to move on and she wants the divorce to be agreed. She says she will give you 50/50 custody or “expanded possession”. You agree to pay child support for $600/month. You think you are working out your divorce without any need for legal help.
A few months later, she presents you with a divorce decree that does exactly what she said she would do. It has you getting expanded possession and provides for joint decision making (ot