Assembling the right professional and personal team can be important for people in Texas who are going through a divorce. This team might include friends and family as well as a therapist who specializes in divorce. While these people may be able to help with the emotional side of the divorce, the spouse might also need some practical advice. That's where a financial adviser who has matrimonial experience comes in.
When an individual gets divorced in Texas or elsewhere, it may be necessary to split both assets and debts when the marriage ends. In most cases, an individual is responsible for debts incurred prior to marriage. However, state law generally determines how debts accrued during a marriage are divided in a divorce settlement. As Texas is a community property state, joint debts are generally divided 50/50 regardless of who is on the loan.
Divorce is a common occurrence in Texas and the rest of the country. The Centers for Disease Control and Prevention reports that 22 percent of couples will undergo a marital disruption event within five years of getting married. For couples that have been married for at least 20 years, the odds of their marriages being disrupted by death, separation or divorce rises to 53 percent. There are several indicators that influence whether a marriage will last.
For people looking for love in Texas, online dating websites and apps could lead to successful marriages. A study published in 2013 recorded fewer breakups among couples who connected through online services. Online daters ended relationships at a rate of 5.9 percent whereas people who met in the real world broke up at a rate of 7.6 percent.
Texas residents who are struggling with a decision about whether to get a divorce may be pushed to action if the other spouse has an addiction or is abusive. In the case of an addiction, the spouse might be unwilling to follow through with treatment. For example, the spouse may have been arrested several times for driving under the influence and agreed to go to treatment. However, after the spouse abandons treatment and relapses several time, the other party might decide to end the marriage.
When Texas couples are preparing to divorce, it is important for them to understand the changes that will happen with their taxes. They need to anticipate the fact that their financial situation could be significantly different as a result.
The likelihood of going through a dissolution of marriage is higher for Texas couples employed in the nightlife, travel, entertainment, and aviation industries. According to an extensive data research study published by FlowingData.com, divorce rates are more prevalent across the United States for certain occupations such as bartenders, casino employees and flight attendants.
Divorce is hard on both parents and kids in Texas. When children are forced to adapt to living in two separate households, their lives can be made easier by parents who are willing to communicate and keep some level of consistency and predictability between each household. There are several things parents can do to make this happen.
Texas parents who are divorced might face a challenge of co-parenting with an uncooperative, or toxic, ex. They might ask themselves if it is possible to successfully co-parent with that type of ex-spouse. The answer to this is that there are certain things they can do to make the process of co-parenting with a toxic ex easier and smoother.
When couples divorce in Texas, courts often order the the higher-earning spouse to pay alimony. While paying spousal support may seem unpleasant, the payments are tax deductible as long as they adhere to the rules set by the Internal Revenue Service.