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...
Divorce
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...
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...
Why getting divorced before 2019 might be a good idea
When setting the terms of a divorce, it's important to consider how the current tax system will affect support payments and asset division. For instance, the new tax law passed by Congress in 2017 will have deep ramifications for divorcing couples in Texas one year...
Understanding gray divorce
Gray divorces, or divorces on or after the age of 50, are on the rise in Texas and across the United States. Currently, around 25 percent of all divorces fall into this category. According to experts, part of the reason gray divorces are increasing is that there are...
Is your ex needling you with discovery?
It is no secret that divorce and contested child custody matters can be emotionally draining and contentious. Couples at odds with each other may see routine parts of the legal process in divorce as hostile acts. Being served with discovery is one of them. While...