Alimony. You’ve heard people complaining about it, but what is it? Definition Alimony, or spousal maintenance, is additional money that is not part of the division of marital property or child support that one spouse temporarily pays to the other after the divorce. The purpose of alimony is to “balance”..
When you hear “hidden assets,” you may first think of off-shore accounts and the Mafia. Unfortunately, it is not uncommon to discover hidden assets, or unreported income, during divorce proceedings. A Fort Worth Divorce Attorney can best help you explain how hidden assets work. Hidden Assets Defined To determine whether there..
What is Stock? Stock represents the ownership of a corporation. A Corporation’s stock is held by Stockholders, who are considered the corporation’s owners. Stock is issued to Stockholders in proportion to their percentage of ownership in the company. Stock may be held solely by the founders of a company, or..
There are several different kinds of partnerships. The General Partnership is easy to establish, but its main drawback is the liability which accrues to individual partners. An alternative is the Limited Partnership, which offers limited liability to its limited partners, but unlimited liability for the general partner. However, the limited partners cannot..