Many married couples have at least one joint credit card. While this financial tool can benefit you in many ways, it can also result in complications should you decide to divorce.
When you get married, you file the legal agreement in the state that you reside in at the time. If you then choose to get divorced, but you have moved since the marriage, does this mean that you have to return to the other state to divorce?
Today, most people get married because of how they feel. They fall in love with one another, decide they can't spend life apart and choose to get married. This has been dubbed the "marriage of feeling."
The divorce process is complicated and stressful, which often contributes to mistakes that you end up regretting in the future.
When a divorce case goes to court, both sides tend to think about one thing: winning the case. It feels like it is them against their ex as they debate who gets to spend time with the children or who will keep which assets -- and much more.
The mere thought of asking for a divorce is enough to scare you away from doing so. However, if you realize that your marriage is no longer working, it may be something you need to do.
How soon is "too soon" to decide that you've made a mistake with your marriage? Apparently, there's really no such thing as "too soon" when it comes to matters of the heart. In fact, the majority of couples have a pretty good idea about whether their marriage is healthy from the very start -- even before the honeymoon phase is over.
In Texas, many soon-to-be ex-spouses either make financial assumptions about a divorce or simply do not know what awaits them. Unfortunately, these individuals often face some unwelcome surprises. It is best to get educated ahead of time to learn how to deal with divorce-related financial issues before they arise.
According to Pew research, the divorce rate for those 50 and older has doubled since 1990. In many cases, Texas residents who are ending their marriages will have an attorney to help them navigate the process of doing so. However, it may also be a good idea to have a financial adviser on a divorce team as well. A financial adviser will likely be able to help with potential challenges arising from the passage of the 2017 Tax Cuts and Job Act, or TCJA.
When people in Texas are going through a divorce, they might try to negotiate an agreement for child custody or property division. However, they may be unable to reach an agreement, or one spouse might simply be uncooperative. It could be necessary to decide whether to settle or to continue on to negotiation.