Prenuptial agreements are not often the first thing an engaged couple thinks about in Texas or anywhere else around the nation. While becoming increasingly popular and more mainstream, prenups are often associated with wealthy individuals or celebrities who want to protect their assets should they get a divorce. However, not all agreements deal exclusively with money. Recently, matrimonial experts shared examples of some of the more unusual prenups among the elite.
When a Texas marriage ends, the ex-spouses are likely to experience a range of emotions while working through the details. Those feelings may be heightened for couples over the age of 50 who are going through the divorce process, since they had been married for a longer period of time. Some older individuals who have gone through a so-called "gray divorce" have offered some perspective on their major life events.
A mortgage payment is generally the largest expense for couples in Texas or in other states in the country. The process to own and maintain a home is complex. When a couple decides to divorce, those complexities come into play as decisions about property division are made. Some financial experts recommend refinancing the marital home following a divorce.
Having a business can open many doors for Texas residents. These company owners may have worked very hard to get to where they are in the business world, and they undoubtedly want nothing to stand in their way or damage their business prospects. However, if an owner finds him or herself going through divorce, business assets could be at risk.
Statistics show that many Texas couples and others around the country over the age of 40 are deciding to end their marriages. In fact, the studies reveal that the divorce rate for couples over age 50 has doubled over the past 20 years. Divorcing later in life can raise a myriad of issues, including how to handle one's finances.
When a couple decides to end their marriage in Texas or elsewhere in the country, the split can have a significant impact on many areas of their lives. One area that can become quite complicated following a divorce is retirement funding. A financial adviser recently addressed the issue of Social Security retirement benefits and the impact of divorce on them.
When someone decides to end a marriage in Texas or in other locations around the country, how retirement will be affected is likely not the first issue that comes to mind. However, it is definitely a topic that needs to be addressed, according to a financial services website. In fact, roughly a quarter of baby boomers believe that their divorce will have a negative impact on their retirement and force them to stay in the workforce longer. Experts stress the importance of considering the potential impact on retirement plans now and taking action sooner rather than later.
Dealing with finances is often a complicated issue among married couples in Texas or elsewhere around the country. The issues surrounding money can become even more complex when a couple decides to get a divorce. Couples need to deal with the division of property, which can be an emotional process as well.
When a couple decides to end their marriage in Texas or elsewhere around the nation, they soon begin discussions on how to divide the assets they have gathered while they've been together. These deliberations have the potential to be contentious since the couple may not always see eye to eye on how handle the division of property. Recently, a financial expert was asked for some advice on whether or not to sell a luxury home following a divorce.
The thought of getting divorced can understandably be overwhelming, both financially and emotionally. However, the actual process of filing for divorce can be just as overwhelming. Understanding the contents of a divorce petition is critical when filing one in court in Texas.