Texas Divorce and Prenuptial Agreement BLOG

The Mariah Carey and Nick Cannon Divorce Has Been Settled, But Who Got What?

The Mariah Carey and Nick Cannon divorce has been finalized, and just days after Mariah and billionaire James Packer split. What’s going on in this storm of a Hollywood divorce? Here’s an update from your Houston high-assets divorce attorneys. The Mariah Carey and Nick Cannon Divorce Settlement According to court documents Mariah Carey only made $6.3 million in 2014. Her husband at the time—Nick Cannon—made $2.7 million. This means that Mariah was the top earner in their family, but that hasn’t stopped the court from requiring Nick to pay up. Cannon will have to pay $5,000 a month into a trust for the couple’s twin children. Though the couple will have joint custody, Mariah will maintain primary custody. She also won’t contribute to the trust for the children. However, Nick won’t walk away empty handed. Mariah has to sign over the couple’s 2012 Ferrari, but we don’t think she cares…
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Six Things You Didn’t Know About Divorce

We live in an era of knowledge. The answer to any question is at our fingertips—thanks to the internet—so why do people know so little about divorce? Well, the Houston high-assets divorce attorneys here at John K. Grubb & Associates want to fix that. So, here are some things you didn’t know about divorce. 6 Things No One Ever Told You About Divorce Divorce is Less Likely the Closer in Age a Couple Is– If you have a few years on your partner, this could increase your chances of getting a divorce. Couples with a one-year difference have a 3 percent higher chance of divorce. Couples with a five-year difference have an 18 percent higher chance. If you and your spouse are separated by 10 years, then your chances of divorce jump to 39 percent! Expensive Weddings Don’t Lead to Lasting Happiness– If you spend $20,000+ on your wedding, then…
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Are There Steps That Will Protect My Finances Before Divorce?

Have things suddenly taken a turn for the worse in your marriage? Are you afraid that a divorce is looming and there is no way to avoid it? Don’t despair, there are things you can do to protect yourself and your finances. How Do I Protect My Finances if I’m About to Get a Divorce? Open Your Own Account– It never hurts to squirrel away money, and that’s especially vital when a divorce is looming. Make an account in your own name that your spouse doesn’t have access to, but be warned. When it comes time to negotiate a divorce agreement, do not try to hide this account. Hiding assets during a divorce can land you in serious hot water. How’s Your Credit Score– Just because you’ve been together with a person and shared finances for years doesn’t mean that your credit score just disappeared. You have your own credit…
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