When a Texas marriage comes to an end, there are numerous issues to resolve and questions to answer. Also, emotions can run very high for all parties involved during the divorce process. In some situations, the conflicts are major and contentious feelings may last for quite some time. For example, a couple in another state has entered into territory far beyond what the majority of divorcing couples experience.
The party line on how women should negotiate the end of a marriage may change in light of recent research. It has long been held that women shouldn't try to keep the family home during a divorce, but a recent study found that real estate serves as a great asset as a woman enters retirement. While every Texas woman has a unique set of needs when it comes to divorce negotiations, focusing on the family home may not be a bad strategy after all.
More and more couples in Texas and all around the country are having discussions before they get married about how to handle things should they split sometime in the future. Prenuptial agreements have long been helpful in divorce proceedings when it comes to issues of property division. However, many soon-to-wed couples are now addressing social media usage in their prenups.
The Tax Cuts and Jobs Act that was signed into law late last year made significant changes to the way alimony payments will be handled. These changes will have a major impact on those couples getting a divorce in Texas or elsewhere around the country. The changes will affect those people whose divorces will be final in 2019. However, some parties may need to act quickly if they live in a state that requires a longer waiting period to finalize a divorce.
Women in Texas, throughout the country and around the world have long fought for equality in many areas. What initially comes to mind is the desire to have equal pay for equal work in addition to comparable advancement opportunities on the job. However, a recent report by the Academy of Matrimonial Lawyers shows that women are rapidly gaining ground on men in a different area. The report shows that there has been an increase in the number of women who pay alimony or child support following a divorce.
Many Texas residents and others around the country plan for their retirements over the course of several years. They work on their jobs and routinely save money that will be used when they are no longer employed. Often, in a marriage, one spouse may be the primary wage earner and be responsible for funding a retirement account. This is a common practice, and it poses no problem for couples who remain married. However, a couple who gets a divorce faces some challenges in how to deal with dividing retirement funds.
Divorce in Texas can bring with it surprises that a couple may not have considered. One of these surprises can be dealing with taxes. In most marriages, one person deals with finances and taxes. This has the potential to yield surprises for the person who doesn't take care of those matters after a divorce. There are some pitfalls to be avoided.
When it comes to dividing marital wealth, every Texas spouse feels as though there is a significant amount of money involved. That's because everyone grows accustomed to their specific financial circumstances, and generally lives within those means. In some cases, however, a divorce can be astronomically expensive. A recent article takes a look at some of the most expensive divorce cases in recent history.
Ending a marriage is typically an emotional and challenging process, regardless of how amicable it is. Anyone in Texas who is in the throes of divorce will likely soon realize that this is not a process to tackle without support. However, choosing one's support team requires careful consideration. Knowing that the necessary team members are there to help can alleviate the stress and anxiety typically associated with divorce.
As the deadline for filing federal income taxes grows closer, many Texas residents and others around the nation are scrambling to gather their information and complete the process. Everyone is always looking for ways to reduce the amount owed to the Internal Revenue Service. For those couples who have gone through a divorce, one major issue that must be resolved is who will claim the children as dependents on the tax return.