Investing might seem like a far-off reality for the average person in Texas. As such, it may come as a surprise for some people to learn that they have already made fairly significant investments in not just real estate, but also their future. Purchasing a home and saving money in a retirement account are both considered forms of investments. So how should these investments be dealt with during divorce?
Finding a foothold for financial security after divorce is not impossible. However, depending on a person's situation, doing so can end up being rather difficult. Divorced Texas parents often count on things like child support and alimony to make ends meet, but those payments do not always come as expected.
Whether divorcing for the first or second time, the process is an undeniably emotional one. However, individuals who are pursuing their second divorce might encounter more complicated issues than those who are on their first. Issues such as property division, child custody and even financial security after divorce can all feel harder to manage for a person who already has one divorce under his or her belt.
Most divorce cases are fairly straightforward. The matter of dividing assets can take quite a while, but it is merely a matter of negotiation. Things rarely escalate to an absurd point, such as what happened to one Texas woman who cited a "blood covenant" as the reason for why her husband should not be incapable of divorcing her.
Both child and spousal support are important parts of divorce that most people understand they may encounter when ending their marriages. However, confusion about how judges determine the correct amount for child support can leave some people in Texas worried that they are paying more than they should. Understanding what factors go into these decisions can help people better understand what they are paying and why.
Divorce can be difficult for children, but most Texas parents are aware of this and work to make sure that their best interests are fully respected throughout the process. This includes figuring out a child support order that both respects a child's needs but also his or her parent's ability to pay. In some cases parents may decide on their own child support plan while in others a judge will issue the order.