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Texas women may face divorce issues about income and finances

Sunday, June 24, 2018

There are many challenges raised by the prospect of a separation. But as some Texas residents may not be aware, one of the biggest divorce issues faced by individuals, most especially women, is readjusting to a single income. This is particularly true of women who have exited the work force to fill the challenging role of stay-at-home mom.

When a divorce is processed, a parent granted sole or primary custody of a child or children is faced with the prospect of providing a home and a life for their offspring in the absence of a second income. Alimony and child support payments can help to offset the cost of this venture. However, they aren't always enough.

This is of particular interest to the aforementioned stay-at-home moms, who may encounter considerable difficulty in reentering the work force after years of being out of the market. Often, women in this situation are forced to take on lower-paying work to make ends meet, which can hinder their ability to find better work. It can be important for women in this situation who are approaching a divorce to plan ahead for the financial hit they will take.

There are many things to think about when considering divorce issues. Among them is an understanding of what a spouse is entitled to under Texas law. Determining alimony, child support and asset division ahead of filing can help stay-at-home parents be better prepared for the financial responsibilities of providing primary care for children in a post-divorce setting.

Source: Los Angeles Times, After divorce, a mother needs a financial overhaul and more income, Ronald D. White, March 16, 2014

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