Divorce disrupts family life, changes relationship dynamics and affects people’s mental health. Spouses aren’t the only ones who suffer during a divorce. Their shared children may also struggle to adjust to the changes in family circumstances. The impact of divorce on children is a well-known phenomenon, and some parents even delay divorce because they don’t want to put their children…
Category Archives: Divorce
Divorce proceedings tend to negatively affect people’s finances. Divorce generates a variety of expenses, including the cost of legal representation and time in court. The obligation to divide assets can exacerbate the financial challenges people experience during and after divorce. People preparing for divorce usually want to move on with their lives quickly after the end of a marriage. The…
Couples with valuable assets often have a more difficult time navigating divorce proceedings than those with minimal property. The process of negotiating asset division terms can take months to complete. Spouses have to decide who retains which assets, what property they need to liquidate and how to delegate responsibility for any shared financial obligations. In some cases, spouses may struggle…
In Texas, where many families value social standing and community involvement, the future of a country club membership during divorce can raise both legal and personal concerns. The first step is to determine whether the membership is considered marital property. In Texas, which is a community property state, assets acquired during the marriage are generally subject to equal division. If…
For some married couples, adopting pets is an alternative to having children. For others, pets enhance the family unit. They teach children responsibility and provide comfort for everyone in the household. Regardless of whether divorcing spouses have children, their pets can become a point of contention if they decide to divorce. Some people contemplating divorce think about requesting shared pet…
Many people begin divorce negotiations with the same goal. If they own a home with their spouse, they decide that they want the house when they divorce. After all, the marital home may represent years of investment. It may have a higher fair market value than any other single resource the spouses share with one another. However, spouses don’t have…
Navigating financial matters is often one of the most complicated elements of divorce. Divorcing spouses frequently disagree about how to share their resources and divide responsibility for their shared obligations, such as their credit card balances. Community property rules leave almost everything acquired during marriage vulnerable to division when people divorce. In some cases, spouses may suffer secondary financial consequences.…
People may devote years of personal savings and countless hours of effort to establish or grow a business. Whether an entrepreneur starts a small retail shop or opens a professional practice after getting a degree, their business likely requires a lot of effort and ongoing investment. They may be very proud of the company that they run, and it may…
Some people approach divorce with a perspective that doesn’t serve their well-being. They have many uncomfortable emotions that can prevent them from making rational decisions that prioritize their long-term goals and needs. For example, they may focus on getting the process over quickly and keeping the cost as low as possible. While avoiding unnecessary expenses is a smart decision, some…
The more property that people share during marriage, the harder it tends to be when it becomes time to divide those assets during divorce. Contrary to what people often hear about community property rules, a straightforward 50/50 split of all marital property isn’t necessarily what happens during divorce. Both judges dividing property in litigated divorces and spouses can set property…
