Saying goodbye to an ex in Texas doesn't mean credit card debt automatically disappears. In fact, credit card companies typically have a legal right to make efforts to collect debt owed by both spouses following a divorce. This is why it's widely recommended that...
Year: 2018
Co-parenting post-divorce vs. parallel parenting
Most parents untying the knot in Texas are likely to have some type of arrangement that allows both parents to spend time with the children. There are times when concerns about a child's safety and well-being warrant sole custody. However, courts often prefer to keep...
Why some parents choose nesting after divorce
Parents in Texas who are going through a divorce and choose what is sometimes called "birdnesting" or "nesting" as a child custody arrangement might wonder how long they should keep the schedule in place. Nesting refers to when the children live full time in the...
Common financial errors that people make in a divorce
Texas couples who are going through a divorce may be able to avoid financial errors if they are aware of some of the most common ones. For example, some people may be tempted to spend a lot of money just after the divorce, but they may regret this when the bills are...
Preconceptions about prenuptial agreements are often false
The simple mention of a prenuptial agreement to a soon-to-be-married individual or his or her family is likely to bring a charged reaction. For many in Texas, it seems inappropriate, at the very least, to initiate a discussion regarding the potential for the failure...
Tax law changes could make divorce more expensive
The Tax Cuts and Jobs Act, or TCJA, may mean lower federal tax rates and a higher limit for the Alternative Minimum Tax for some individuals in Texas, but it could also make divorce more expensive for soon-to-be-exes. This is especially true if children are involved...
Health concerns after later-in-life divorce
An increasing number of older couples in Texas and across the country are choosing to divorce. While the divorce rate remains twice as high among younger couples, it has doubled since 1990 for people age 50 and older. At the same time, the rate has remained steady or...
Hopelessness can be a predictor of divorce
There are a number of factors that could affect whether or not a Texas couple is likely to divorce, and one of the most significant could be when one partner feels a sense of hopelessness. When people in happy relationships come home after a hard day, they can take...
Divorce could be contagious
Researchers have discovered a surprising and alarming trend that is happening in Texas and around the country. Those who have close friends who get a divorce are 75 percent more likely to get divorced themselves. The study conducted by Brown University, Harvard and...
Divorced households may struggle during retirement
Going through a divorce can cast a long financial shadow, and a study released by the Center for Retirement Research reveals that the net worth of divorced households in Texas and around the country is about 30 percent lower than married households. The Boston...