Many Texas residents who get married and then want to separate consider divorce as their first and only option. Sometimes, couples might seek a legal annulment, but there are certain criteria in order to qualify for one. What is a legal annulment? An annulment would...
Facts about American divorces
Some may feel surprised to discover the divorce rate in the United States has declined, as data shows. However, many people prescribe to myths, including the pervasive belief that half of American marriages end in divorce. Such figures aren’t accurate, and they...
Three critical tax considerations in Texas divorce
The decisions made during a Texas divorce can significantly impact the tax bill paid by both individuals. To make more informed decisions that minimize tax impact, here are three critical decisions that must be made during the process. 1. The marital home During a...
How do you divide debt after a divorce?
Are you planning to end your marriage in Texas? Divorce is an issue that brings a lot of financial problems to the surface. If you and your spouse have debts to deal with, getting divorced won't necessarily put an end to them. What kind of debts can you be liable for?...
The four steps of the divorce process in Texas
Going through a divorce is one of the most difficult things that a person can go through in their life. It is a time of upheaval and change, and it can be hard to know where to start. However, the steps are straightforward. 1. Filing divorce papers The first step in...
Should you hire a certified divorce analyst?
Texas divorces can be complicated, especially for people with extensive assets, stocks and retirement funds. Individuals who feel that they're drowning in a financial regulatory sea may want to consider working with a certified divorce analyst. What is a certified...
Dealing with your spouse’s debt
One spouse’s debt can lead to severe conflict in marriage as some Texas couples will discover. It might even become a factor leading to divorce. But if the couple does decide to seek a divorce, there might be questions about whose responsibility it is to pay back that...
Financial arguments are a leading cause of divorce
There are many factors that can lead to the breakup of a marriage. One of the most potent is differences in the way you view your finances. Arguing over this crucial matter is one of the leading causes of divorce, so it's a very good idea to talk to your partner about...
Adult children also struggle with parents’ grey divorce
For some residents of Texas, it might be surprising to learn that adult children whose parents divorce can end up struggling in a variety of ways. While people are often concerned about the impact of divorce on adolescents and younger children, adult children often...
How credits and deductions work in a Texas divorce
Virtually all divorces have financial conflicts that are difficult to resolve. These situations are only made more challenging when there are children involved. If you're going through this tumultuous process, you can avoid making expensive errors on your taxes by...