Archive for the ‘Recent News’ Category

New Tax Act Changes Rules for 529 Plans

On June 21, 2018

By

With 0 Comments

529 plans are a common asset that’s divided in a divorce.  Perviously these funds could only be used for college expenses.  The new Tax Cut and Jobs Act changes that to allow 529 plans to be used for homeschooling and private school tuition up to $10,000 per year.  This option should be part of any […]

Which Parent Decides What School the Child Attends

On June 14, 2018

By

With 0 Comments

The language in the Texas Family Code creates two rights that directly affect what school a child will attend.  The first is the right to determine the child’s primary residence and the second is the right to make educational decisions.  The code requires in a contested hearing that one parent be given the exclusive right […]

US Supreme Court Rules on Beneficiary Designation

On June 11, 2018

By

With 0 Comments

The U.S. Supreme Court has weighed in on the beneficiary designation of an ex-spouse (Sveen v. Melin.)   The case addressed a Minnesota Law that states if one spouse has made the other the beneficiary of a life insurance policy or similar asset before a divorce, their divorce automatically revokes that designation so that the insurance […]