Grey divorce, the trend of individuals over 50 ending their marriages, is on the rise across America. There are a number of reasons why this might be, but Texas residents are likely unsurprised to learn that divorce for the retirement-aged comes with unique divorce issues. Thankfully, there are ways to prepare for these issues so both parties are not blindsided by problems they did not expect to encounter.
Wednesday, April 26, 2017
It is widely and correctly believed that everything matters when it comes to the particulars of the end of a marriage. Texas residents who have experienced divorce know that every element of the process, including asset division, can cause profound and far-reaching divorce issues. However, a number of pitfalls can be avoided with forethought and with professional support.
When military couples in Texas get divorced, state law governs the proceedings. However, the division of retirement money and the benefits to which the former spouse will be entitled is guided by the provisions of federal law. Each case of military divorce is unique, and state awarded benefits are not necessarily guaranteed.
Widely recognized as "divorce month" by attorneys, January tends to be the month that those seeking to end their marriages begin this process. While divorce issues will crop up at any time of year, Texas residents seeking a divorce following the holidays may wish to set aside time to address these possible issues before beginning the filing process. This can help ease the transition and streamline the settlement.