If the wife is the breadwinner in a marriage, it could put a strain on the relationship. In some cases, a relationship may be doomed before a couple is even able to get married if a woman makes more than her significant other. This is in spite of the fact that 38% of...
Divorce
Remember retirement accounts during a divorce
When going through a divorce, many people are focused on more immediate concerns regarding things like finances and child rearing. This means that potential retirement issues are not given much thought, but divorce can take a toll on retirement assets even if a couple...
When to assume a mortgage in a divorce
When Texas couples get a divorce, one of the parties may decide to keep the family home. There are essentially three ways the couple can do this. One is for the couple to keep the joint mortgage even though only one spouse keeps the home. The drawback is that if the...
Taxation issues for families during a divorce
Tax season may raise some questions for Texans going through a divorce, especially parents of dependent children. Claiming a child as a dependent on a tax return can offer significant financial benefits. However, only one person can claim each child as a dependent at...
Making the divorce process more civil
Divorce is an arduous process that can bring out the worst in people. During a divorce, people who loved each other once can sometimes act as if they are bitter enemies, trying to hurt the other person at every turn. As a result, it is important for people going...
Financial reasons couples may want to reconsider divorce plans
Even with stats showing that about half of all marriages eventually come to an end, most couples walking down the aisle in Texas have visions of a lifetime together. Still, there are times when some life partners begin to explore the possibility of permanently...
Retirement account division needs extra attention during divorce
When a Texas couple decides to end their marriage, they will have to split their retirement accounts as part of the divorce settlement. The splitting spouses should give careful attention to the details involved in the division and distribution of retirement accounts...
Splitting credit card debt during a divorce
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...
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...