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Posts tagged "Divorce"

Understanding finances can help to protect future post divorce

As a general rule of thumb, it is a good idea for married individuals to be prepared for when they may eventually be single due to marital dissolution. This is important given that research indicates that more than 40% of marriages end in divorce. Here is a look at a few pieces of information that individuals should ideally know before getting divorced in Texas.

Divorce remains a challenge for many despite falling divorce rate

The rate of marital dissolution appears to be on a downward trajectory across the United States, including in Texas. Research shows that divorce has receded during the past three decades. However, it remains enough of a challenge today that young adults especially are putting marriage on hold longer.

Tips may help individuals getting a divorce during retirement

Getting divorced in the middle of retirement can have a major impact on a retirement plan. The retirement assets might have to be divided between the two parties. In addition, one of the spouses may have to pay alimony, particularly if the marriage lasted a long time. Here are important to steps to protect one's best interests during a Texas divorce that happens during retirement.

Divorce: Can it place an immigration legal status at risk?

Many households in Texas include married couples where one person is a U.S. citizen and the other is not. In fact, many immigrants use their marriages as bases to apply for green cards. Sometimes, the U.S. government suspects married couples of fraud, meaning they entered marriage for the sole purpose of helping the non-citizen spouse obtain permanent residency in the United States. Couples whose relationships are legitimate may also still encounter legal status challenges, especially if they later divorce.

Approaching divorce with confidence is possible with preparation

When two people in Texas decide to get divorced, they may think about how the process will impact all parties involved. This is particularly true for those with young children. However, taking a couple of key steps may help them to approach the divorce process with confidence from day one.

Red flags may point to hidden assets during divorce

When two people in Texas decide to get divorced, it is not uncommon for one party to fear that the other party is hiding assets. Unfortunately, many spouses do not know where to start when it comes to discovering concealed community property. Here are a couple of red flags that may indicate that a soon-to-be-ex is hiding assets that are subject to division during a divorce proceeding.

Understanding credit situation can be helpful during divorce

When two people in Texas decide to get divorced, they may understandably be overwhelmed by the many changes that will come their way. One of these changes is transitioning from a two-income household to a single-earner household post-divorce. However, understanding their credit situations early on can help divorcing individuals to make the wisest financial decisions possible during the divorce process.

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