A divorce may cause emotional pain, and for women in Texas, the financial ramifications may be even more significant. This is because the typical woman makes 81% of what a typical man makes in a given year. Furthermore, women are more likely than men to obtain custody of their children. However, there are steps that individuals of either gender can take to ensure that they are as financial secure as possible before, during and after a divorce.
Prior to getting divorced, it can be a good idea to gather bank, credit card and other financial statements. Individuals may also want to open bank accounts that only they know about so that they have money to pay for their divorce. If possible, they close all joint accounts to ensure that the other spouse isn't able to accumulate new debt that both parties to a marriage could be responsible for.