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October 2013 Archives

Monday, September 25, 2017

Texas divorce can take a toll on retirement plans

Between 1990 and 2010, the divorce rate for people over 50 has doubled. This means that couples facing a Texas divorce are more likely than ever before to have the separation adversely affect their plans for retirement. It is vital that both members of a separating couple understand their rights and responsibilities in a divorce situation in order to be able to take a step back and reevaluate their late-life plans.

Women may be financially vulnerable in Texas divorce

It is an unfortunate reality that not all divorces end amicably, and sometimes people are not as honest as they could be when dealing with the financial end of the equation. Texas divorce has the capacity to be particularly damaging to women, however, according to some experts. In a disturbing trend, many women enter into divorce arrangements with little to no knowledge of the true financial standing of their partner, and so are urged to educate themselves on how to know if their former spouse is being dishonest.

Dividing property in Texas divorce a complicated affair

Dividing property can be one of the most troublesome aspects of a marriage dissolution, and not for the reasons some might believe. Yes, a Texas divorce involves splitting marital property, but depending on local and state laws, there can be a number of unforeseen costs that accrue if both spouses do not have a plan to divide their assets ahead of time. This logic obviously applies to assets like savings, but it also applies to physical real estate.