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Avoiding the pitfalls associated with Texas divorce

Monday, December 11, 2017

A 2009 study by the U.S. Census Bureau found that a staggering 22 percent of divorced women were living in poverty, compared to only 11 percent of divorced men. This is a concerning trend that deserves attention, particularly from women experiencing Texas divorce. Avoiding obvious pitfalls may help to alleviate the fiscal distress this study illustrates.

While only about 5 percent of divorces end up being taken to trial, but those divorces can be extremely costly. It is usually beneficial to both parties to avoid litigation in divorce and find another option. Collaborative divorce and mediated divorce are two popular options, both of which involve the couple agreeing to avoid a courtroom.

Understanding the finances both parties are bringing to the negotiation table is also key to ensuring a fiscally sensible divorce. Having a full picture of the marital assets can help ensure both parties receive what they are due in the settlement. And, of course, it is always valuable to keep emotions reined in -- divorce can be a complicated and emotionally trying process even outside the courtroom, but keeping an eye on the "prize" of an amicable and efficient divorce process can help to mitigate the emotional strain.

Texas divorce can be challenging for both parties involved, and of course, neither party wants to leave the negotiation table under financial strain. Understanding rights and responsibilities before beginning the process can be helpful. Ultimately, the goal is for both parties to be able to move forward in their single lives with a degree of stability and a fresh start.

Source: hereisthecity.com, How to avoid divorce settlement blunders, Elizabeth McBride, Nov. 5, 2013

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