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June 2017 Archives

Monday, July 16, 2018

Get finances ready for a Texas divorce

When deciding to end a marriage, couples must address a variety of issues, such as living arrangements or custody if children are involved. A major area of discussion in a Texas divorce frequently concerns money. Determining how to separate the finances in a marriage can be complicated. Experts have offered suggestions to help get finances in order during divorce proceedings.

Protect financial assets in a Texas divorce

When deciding to end a marriage, most people recognize the emotional toll it will take on them. However, many do not thoroughly address the impact a Texas divorce will have on their finances. In fact, national reports show that, while women experience a 41 percent decrease in income following a divorce, men see a 23 percent decline. Though divorce is certainly a significant event, experts stress that it does not have to destroy someone's financial position. They recommend certain actions that will protect one's finances when going through a divorce.

Fathers' rights advocates fight against discrimination

Going through a divorce in Texas and around the nation can be an emotional process, particularly when children are involved. Traditionally, courts tend to grant primary custody of the children to the mother. However, fathers' rights advocates believe that those children who have the opportunity to spend equal time with both parents fare better than those who live with one parent the majority of the time.

Child support system needs to change

Parents in Texas and elsewhere around the country understand while money is necessary to provide financially for their children, it is not the only thing they need to provide. Love, encouragement and understanding are just a few of the ways parents can support their children. When parents are getting a divorce, this emotional support is vital. However, some researchers believe that decisions in most divorces all come down to money. They cite the policies for child support and child custody to validate their claims.

Is an ex-spouse hiding money in a Texas divorce?

When marriages come to an end, most people anticipate that it will be an emotional transition for them. However, many don't consider the impact a Texas divorce will have on their finances until later in the process. It is imperative for someone going through a divorce to protect his or her financial position, particularly if retirement age is approaching.

This new child custody arrangement is raising eyebrows

These days, more couples here in Texas and elsewhere are experimenting with different ways of raising their children after a divorce. Joint custody and co-parenting are more acceptable now than ever before. However, there is a relatively unique child custody arrangement that some divorced parents are trying, and some of them are succeeding with it.

Division of property issues: Inheritance and debt

When a couple starts divorce proceedings in Texas or elsewhere around the country, finances are frequently the most contested issue. Division of property is of concern to all parties involved and can be a very complicated process. Financial advisors offer suggestions regarding possible actions to take while a couple is still together that can possibly prevent future disputes should a divorce occur.

Financial considerations for older women getting Texas divorce

Many women who choose to end their marriages later in life often find themselves unprepared for the changes in their financial situations. According to a survey by a retirement investment company, the majority of women responded that they experienced financial difficulties when going through a Texas divorce or one elsewhere in the country. Experts stress the importance of women being involved in the economics of a divorce.

Don't make these mistakes in a Texas divorce

The decision to end one's marriage is one that is never taken lightly. There are many factors to consider in a Texas divorce. While often a highly emotional time, many decisions must be made that can affect someone's life for many years. Therefore, it is imperative to thoroughly consider the financial implications of a divorce. Experts have noted mistakes that are often made by those going through divorce proceedings.

Child custody issues: Shared parenting good for children

Going through a divorce can be a stressful experience for Texas residents and others around the country. Tension may run even higher when issues of child custody are addressed in the proceedings. Traditionally, mothers were granted custody, while fathers had visitation rights. However, this trend is rapidly changing, and many experts applaud the shift in thinking.