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Posts tagged "Divorce"

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.

Tackling student loan debt during divorce can be tricky

The process of getting divorced can be difficult to figure out for those with large amounts of debt. When it comes to student loan debt in particular, people who are going through divorce may wonder if they will have to cover the debt themselves or if their future exes will be responsible for it as well. Here is a look at how student loan debt is handled during divorce.

Being financially prepared incredibly important during divorce

The process of getting divorced can be difficult for any person in Texas. However, divorce can be particularly challenging for spouses who are not comfortable with managing investments and other financial assets. Here are a couple of steps that divorcing spouses who are in this situation can take to help themselves.

Insurance an important consideration during divorce

The end of a marriage in Texas is a complicated process due to the various financial, emotional and practical implications it has for both parties involved. For this reason, overlooking a basic item like insurance coverage can be easy during divorce proceedings. Still, it is important to examine how one's insurance coverages might change following the divorce and what needs to be done to prepare for this.

Child support amounts can be altered post divorce

Dissolving a marriage is not a simple, straightforward process, particularly when young children are going through the process, too. The reality is that every family is different, so naturally, families do not approach the issue of child custody exactly the same. Nonetheless, noncustodial parents are usually required to provide child support to custodial parents, as this allows both parents to share in the cost of supporting the children. Two facts are essential to consider when navigating the issue of child support during divorce in Texas.

Cryptocurrency makes divorce more complicated

When two individuals decide to get divorced in Texas, they may naturally bicker over money. One form of money that may especially cause conflict during divorce in 2019 is cryptocurrency. This is because cryptocurrency has become increasingly popular throughout the United States within the past 24 months.

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