Saving for retirement is fairly common for couples in Texas. Many employers offer 401(k) accounts and some even match or contribute funds. It can be such an easy process to have money automatically deducted for retirement savings that most people do not give those funds much thought until a drastic life event -- such as divorce -- comes along.
Ending a marriage can be challenging -- emotionally and legally. In Texas and elsewhere, there are many ways to do it, though, and there are those who just want to make it look like the marriage never happened. A divorce does not do this, but an annulment can. So, divorce or annulment -- which one is needed?
Texas residents may be aware of the Macklowe divorce that is in process in another state as it has been reported about quite frequently over the last several months. Linda Macklowe is said to have officially filed to dissolve her marriage from her billionaire husband after he offered her a divorce settlement to which she did not agree. Her refusal to settle means that this case will be heard in court soon. Will taking this route help her get what she wants? Only time will tell.
Texas families understand how difficult maintaining familial relationships can be when a couple with children decides that it is best to divorce. Everyone is under stress, and the feelings of hurt or resentment do not disappear overnight, unfortunately. Yet despite all of this, many parents are managing to remain cordial for the well-being of their children.
Divorce is a major change to deal with, and as stressful as it is for adults, it can be even more difficult for kids who are caught in the middle. While it is important to be mindful of what your kids may be going through, it is more beneficial to seek out solutions than it is to fret about the negative impact the situation might be having. There are several ways you can help kids deal with divorce and its effects.
Ending a marriage is often an emotional process, even if the proceedings are amicable. Both parties must make many important decisions, some of which will determine post-divorce financial stability and the preservation of existing parent-child relationships. While uncontested divorces in Texas are typically less traumatic than litigated divorces, those facing these issues may have questions about the different steps involved in an uncontested divorce.
Divorce mediation has been gaining popularity in recent years, with some courts even requiring sessions as part of the divorce process. In Texas, courts do not mandate mediation for every contested divorce, but judges may refer parties to mediation if they deem it necessary.
The end of any marriage can be a very emotional and taxing experience. However, older couples who are going through a divorce later in life can experience a myriad of unique and special challenges. Divorce rates among couples who are over the age of 60 have risen significantly in recent years, not only in the state of Texas but across the country. Older couples who are going through a split can stay secure and happy through their golden years by gaining an understanding of their options and the common issues that go along with ending a marriage later in life.
Accumulating wealth is very often an arduous process, and one that takes a long time to complete. Handing that wealth down to the next generation is something that many families take a great deal of pride in, and hold up as a goal. For wealthy families in Texas and elsewhere, protecting that wealth from loss in a divorce is a top priority. Requiring a prenup as part of an inheritance structure is one way that families help to ensure that wealth remains part of the extended family.
One of the most important issues for divorcing Texas spouses to consider involves the full scope of marital wealth, and how that wealth will be divided. Property division is a divorce priority for a good reason, as the outcome will shape the financial lives of both parties for many years to come. It is important to make sure that all asset types are considered during a divorce, and that no money is being left on the negotiation table. That includes less common assets, such as memberships, time shares or other things of value that fall outside the scope of traditional assets.