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Posts tagged "Divorce"

Holding onto the family home is a common divorce mistake

A marital dissolution in Texas can certainly take an emotional toll on an individual, but it can be just as formidable financially. Because the financial aspect of divorce can be complex, divorcing individuals can easily make unwise monetary decisions -- decisions that will haunt them in the years ahead. One of these decisions is to keep the marital home for oneself rather than selling it as part of the divorce proceeding.

Saving money during and after divorce is possible

One of the most challenging aspects of getting divorced in Texas is figuring out how the financial piece of the puzzle. This is true whether divorcing individuals have a vast number of assets or are on the lower end of the net-worth totem pole. Fortunately, taking a few steps can help divorcing individuals to feel more in control of their finances following divorce.

Mediation process may make divorce less stressful

When people decided to get divorced in Texas, they may understandably worry about how contentious the process will be. The reality is that divorce does not have to be a hostile event if both spouses are willing to take advantage of mediation, a process by which they can negotiate in a fair manner. However, for mediation to work, it is paramount that the two spouses are willing to try to resolve their differences together.

Divorce settlement and trial are very different scenarios

When two people decide to get divorced in Texas, they have a couple of options. One, they could try to resolve their issues on their own through negotiation or an alternative dispute resolution process, such as mediation. Two, they could proceed to divorce trial. Here is a glimpse at what divorcing couples can expect in both situations when it comes to time and stress.

Parents going through divorce can help their children with it

The process of getting divorced can take a toll on the children. How they react to the divorce process ultimately depends on their personalities as well as how the divorce proceedings unfold. Here are some tips for helping to keep children as unscathed as possible by a divorce in Texas.

Divorce process involves splitting assets between spouses

Dissolving a marriage can have a drastic impact on a person's finances no matter what his or her net worth may be. For this reason, it is imperative that people who are contemplating divorce have a good idea about what will happen to their assets during the marital dissolution process. Here is a glimpse at what they can expect during the divorce process in Texas.

Assuming household CFO role is necessary after divorce

Managing finances can understandably be tricky during any stage of life. However, it can be particularly challenging during and after the divorce process in Texas. Here are a couple of tips that may help divorcing individuals to successfully assume the role of chief financial officer during and following their marital breakups.

January is nicknamed Divorce Month

With the holidays in the rearview mirror now, many individuals in Texas are already making plans for the new year. For some of these individuals, getting a divorce is at the top of the list. It is for this reason that January is often called Divorce Month among legal experts.

Truths about divorce may help with preparing for this process

No two couples' marital dissolution situations in Texas will be the same. However, one thing is for certain: divorce is a messy and difficult process both emotionally and financially. Here are some important truths about ending a marriage that any individual headed toward divorce would benefit from knowing.

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.

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