Texas is a community property state, and this means that in a divorce, each spouse is entitled to 50 percent of all marital assets. However, most states have a policy of equitable division of property. This means that property will be divided fairly, but it does not necessarily specify what is considered fair. One study found that when it comes to valuing the contributions of mothers who stay at home versus fathers who are breadwinners, men and women differ in their conclusions.
Ending a marriage in Texas, or any other state, is often distressing. The events that led up to the decision to divorce take an emotional toll as many spouses dread the divorce process, assuming it will be adversarial, stressful and expensive.
If one or both people who are divorcing in Texas own cryptocurrency assets, getting an accurate assessment of their value could be difficult. Another potential issue with cryptocurrency is that it can be easier to hide than many other types of assets. Because cryptocurrency is so new, few professionals have much experience dealing with it as part of a divorce settlement.
Some Texans may be aware of the recent rise in the rate of gray divorce -- separations involving spouses aged 50 and older. What makes this rise so unique is that it stands in stark contrast to the overall declining rates of divorce in other age demographics.
Married couples in Texas may be interested to know that about 2 million divorces occur every year in the U.S. While married people may be reluctant to plan for a divorce, understanding the separation process and what may happen can help lower stress if the unthinkable does occur. Planning is a particularly important part of getting through the divorce process successfully.
Couples going down the aisle in Texas are less likely to part ways these days since the overall divorce rate is on the decline. Still, there are times when marriages come to a premature end. In order to develop a better understanding of the common reasons couples split, researchers interviewed divorced individuals who initially participated in prevention and relationship enhancement program (PREP) courses to learn why their marriages failed.
If the wife in a marriage develops cancer or another serious health issue, such as heart disease, the risk of divorce increases; however, there is no increase in divorce risk if the husband has these conditions. A number of studies have found this to be the case, including one published in 2015 in "The Journal of Health and Social Behavior." One study found that if a woman has a stroke or develops heart disease, it raises her divorce risk even more than cancer.
People in Texas have likely seen how social standards of attractiveness and beauty have a significant impact on people's lives, including the romantic or sexual sphere. Many people are attracted to those considered the most beautiful according to societal values, but most individuals eventually develop relationships with people considered equally attractive.
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.
Most couples planning to marry in Texas don't think about what may happen in the event of a divorce. Still, circumstances and feelings can evolve over time. If children are involved by the time a marriage ends, things can be even more complicated. Because parenting doesn't end after the marital knot is legally untied, parents should take steps to be sensitive to their children's needs during the transition.