Couples in Texas who are getting a divorce and who own a home will need to divide it, but they should beware of some common pitfalls in doing so. For example, some people will fight to keep the house without realistically considering whether they can afford it. This was the case for one woman who spent six months negotiating to keep the home before realizing a better solution was to sell it and split the proceeds.
Financially divorce-proofing a marriage
Texas residents who are facing a divorce as a result of financial strife might wonder what went wrong. Because of financial trouble and disagreements over how to handle money, many marriages end prematurely. According to a 2017 study from Experian, 59 percent of divorced couples cited financial problems as playing a role in their divorce. A fifth said financial problems played a major role while just over a quarter specifically named their spouse's credit scores as a source of financial distress.
