Losing a job is rarely an easy experience, but it can be especially difficult when a person is laid off in the middle of a significant life transition. Being laid off or fired in the middle of a divorce means that an individual will have to face some unique hurdles during the process. This makes it all the more important for those in Texas who are dealing with such a situation to be aware of how their actions could influence their future and the outcome of their divorces.
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?
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.
Ending a marriage can impact many different aspects of person's life, from where one lives to the household income. While change can be a good thing, divorce can have unintended consequences for those who are not aware of how dividing debt can impact the future. Here is what Texas divorcees should understand about protecting their credit scores during divorce.
Some people in Texas might have some preconceived notions about what prenuptials are and who uses them. However, young adults are shaking up those long-held beliefs. Millennials are not just delaying marriage until later in life, they are also better prepared for divorce than their parents might have been.
Credit cards are a common feature in most people's wallets. These little pieces of plastic do not always indicate that a person is in debt, though. Instead, Texas consumers frequently open credit cards in order to earn reward points. While this is a useful approach, few people realize that those credit card reward points will have to be divided during a divorce.
A business is not built overnight. Owners in Texas put in a tremendous amount of time and effort to nourish their business operations, and the idea that a divorce could potentially halt or even undo that progress is understandably upsetting. Protecting a person's business interests is important, so here are a couple of options for doing just that.
An unhappy marriage is an unhappy marriage regardless of age. While in the past some unhappily married couples might have felt as though they had no options but to stick it out because of their age, current attitudes are much different. The Pew Research Center reported that, over the past 25 years, divorce actually decreased by 21 percent among adults between the ages of 25 and 39. For those over the age of 50, divorce rates skyrocketed by 109 percent.
January has been affectionately dubbed "divorce month" by experts, and the reasons why might be obvious enough. People in Texas often spend the beginning of a new year reflecting on their lives. Fresh out of the holiday season when tensions between unhappy couples might already be strained, this period of introspection helps some people realize that they are no longer happy and that a divorce is the best option for their future.
Amazon is such a common feature in the lives of most consumers that it might be hard for some people in Texas to imagine a world without online shopping. Amazon CEO and founder Jeff Bezos might also find it hard to think back on the past before he created one of the largest retailers, especially as he heads for what will surely be an expensive divorce. The couple never signed a prenuptial agreement.