
The information contained in that decree is a public record
that can be found and copied by anyone–neighbors, business partners, collection
agencies, etc. You can limit the public disclosure through an Agreement
Incident to Divorce, which is a contract entered into by the parties (you and
your ex-spouse). The AID can include a division of all assets and liabilities
without making them part of the final order/decree (and this is a perfect place
to include, privately, the common obligations that generally are part of a
divorce, e.g., one spouse agrees to pay off a debt incurred during the
marriage). If one spouse breaks the agreement with the other, they can be
liable for breach of contract damages (including the recovery of attorney fees
for the prevailing party).
Please note that an AID is enforceable like any other
contract, and if it requires litigation to enforce, it may take some time to
enforce the agreement. Because a divorce may also, and often, deal with the
rights of parents to the support, possession, and access to their children, and
those matters (since they can be enforceable by contempt) will likely be part
of the decree; the decree/final order can incorporate the AID you reach with
your spouse, protecting both of your privacy rights. Use of an AID would be
appropriate for a high asset divorce or any situation where the obligations,
liabilities, and assets of the martial estate would be better kept private.
Thering
Mccarley PLLC is DivorceAttorney Frisco, Texas family law and divorce law firm of Frisco &
Texas, PLLC. If you are visiting our site, chances are you are going through a
difficult and emotional time in your life.
No comments:
Post a Comment