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Organization can allow a Texas divorce easier to deal with

Getting divorced is not usually something that is easily done. It can most often become an emotional and difficult situation to get through. However, one recent report demonstrates how becoming more organized can reduce the stresses of going through a divorce in Texas.

Getting an equitable distribution of the marital assets and liabilities can be more easily accomplished with some organization. First and foremost, a list of all the assets each party thinks they own should be made. Assets could include checking accounts, savings accounts, real estate, collectibles, investments, retirement accounts and even employee benefits. Once the list of assets is fully developed, moving on to the liabilities may become easier.

Liabilities seem to come up more frequently in divorce proceedings. Of course, this is probably because each party generally wants to make sure that the other person gets a fair share of the debt owed. Mortgages, automobile loans, credit card debt and student loans are some of the more typical liabilities that divorcing couples feel the need to get taken care of.

Finally, getting together income and expenses lists can more easily help to determine the outcome of financial decisions made in the divorce. Knowledge of income is essential to determining the amounts of court-ordered child support or alimony payments, if they are to be granted. Also, reviewing the expenses can help each person determine their wants versus their needs to help with post-divorce spending habits.

Obviously, making the decision to leave a marriage is not one that is always made easily. However, for those that are organized and have a clear picture to show their professional teams, it may be less traumatic of a situation than most people may think it can be. No one in Texas should really desire to go through a chaotic, messy or stressful divorce if they do not have to.

Source: cnbc.com, Getting divorced? Get organized first, Valerie Adelman, March 9, 2014

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