Property division in Texas, as a community property state, aims to split all marital assets between spouses as evenly as possible. This is easier with tangible or countable assets. Courts have the power to cut a bank account with $50,000 in it in half. While it does...
Going through divorce can create all kinds of strong emotions. You may feel everything from guilt and anger to confusion and relief. Navigating these complex feelings can sometimes feel impossible. Because of the emotional instability you may experience, you might...
Past posts on this blog touched upon the fact that retirement accounts become subject to property division proceedings during divorce proceedings in Texas. If one was not the primary income earner in their marital home, they might find themselves in need of an...
As a business owner, you may worry about losing your company in a divorce. However, depending on the business structure and the other people involved, you might have a degree of protection. According to Wallet Hub, Texas tops the list of the best states to start a...
When you navigate a Texas divorce later on in life, the chances are good that you and your spouse have accumulated considerable assets and debts together. You may also have different priorities, such as saving enough for retirement, than younger individuals facing...
Divorce is a difficult period in the life of anyone experiencing it. As a parent, this goes doubly for you. Not only do you have to worry about your own stress and mental well-being, but you have to worry about that for your child as well. Thus, one of the biggest...
Divorce can introduce newfound independence, but an increase in responsibilities often accompanies your freedom. More financial responsibility may require you to modify your spending and savings habits. Using your money cautiously during this uncertain time can help...
According to the Institute for Family Studies, the U.S. divorce rate dropped to the lowest it has been in 50 years in 2019. The average length of marriages also went up by almost a year in the decade prior. However, the breaking of legal unions still occurs. Divorce...
When you split with your spouse, it affects your entire life. It changes your routine, your sense of self and can impact your body. Divorce can affect more than your mental health, it can also affect your physical health. U.S. News explains how you can keep up with...
When you and your spouse have children and file taxes together, you may enjoy certain tax benefits by claiming the child as a dependent. However, once you and your spouse divorce, you need to figure out how to handle this moving forward, as both of you may not claim...
