While not on the same par as a child custody battle, for many couples, deciding who gets the pet may be nearly as upsetting. Pets are frequently the source of emotional support and an intangible security that may be a devastating loss following a divorce. Although Texas has not yet passed laws regarding the assignment of pets at the end of a marriage, other states are finding it necessary to address the issue head-on.
Although people decide to call it quits on relationships throughout the year, January is typically the busiest month. More new divorces are filed this month than the others, and the experts have a few thoughts as to why. Texas residents considering a breakup in January may be able to look at this list and see some of their own reasons for divorce reflected there.
Over the years, researchers have spent a considerable amount of time attempting to figure out what causes marriages to end. The results can vary widely from study to study, but a review of several studies does highlight some common reasons why couples divorce. More than likely, Texas couples either contemplating divorce or already going through the process can relate to at least one.
Prenuptial agreements are a fantastic planning tool for soon-to-be married couples. Virtually every couple in Texas could benefit from the protections afforded by prenups, but some people are understandably hesitant to utilize these marriage contracts. For those uncertain about whether a prenuptial agreement is appropriate for them, it is important to consider what is at stake in a divorce.
Armando and Veronica Montelongo might be known for their "Flip This House" show, but the Texas couple has been divorced for years. Their split recently made news again when Veronica claimed that her ex-husband failed to make multiple alimony payments. She claims that he violated their divorce agreement, and the two headed back to court.
Even when it is the most emotionally healthy decision to make, there is little denying that ending a marriage may have severe financial impacts. These effects can be minimized or circumvented altogether by careful and rigorous planning, particularly when it comes to taxes. Many potential tax issues can be addressed in divorce settlements to save both parties confusion and money down the road.
Ending a marriage involves several different smaller processes, including asset division and determining various support payments, such as alimony or child support. Although most people in Texas understand that they must divide up marital property during divorce proceedings, many are unaware that debt must also be divvied up. However, not all debt is handled the same, and credit card debt should be given careful consideration.
Ending an unhappy marriage can be one of the most emotionally healthy options for many couples in Texas. However, the sudden need to pay careful attention to finances can be especially difficult for spouses who did not handle any income or pay any bills over the course of their marriage. Asset division, alimony, child support and other related topics can all have an impact on finances post-divorce, and staying on top of these matters can help ensure the most stable future possible.
Marriage discussions tend to overlook a very important group of people -- Millennials. Although it is often pointed out that Millennials tend to put off marriage more than past generations, there is usually little else on the topic. This leaves many people in Texas without any gainful information regarding marriage and divorce, especially when it comes to prenuptial agreements.
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.