Some things in life are just more stressful than others. For many Texas residents, the prospect of a divorce can be stressful. However, with the proper guidance, property division and other aspects of this stressful situation can be made easier for the individual.
The dissolution of a marriage can be financially challenging no matter how long or short of a period two people have been married. One of the most contentious aspects of a divorce in Texas and elsewhere is property division. A particular area of property division that has especially sparked a lot of discussion lately is the division of an individual retirement account, or IRA, that has been inherited.
Many Texas family law attorneys and court officials know that January is a busy month. Divorce filings drastically increase with the new year and the resolutions made by many to make some changes in their lives. These changes may include seeking marriage counseling or simply parting ways from a spouse with whom issues just cannot be resolved. Regardless of the reason, understanding how the division of marital assets will go is important to making sure that one leaves the union with what is rightfully his or hers.
Marriage and divorce have become two words that are commonly uttered in the same sentence. What was once thought to be a lifelong commitment and partnership with another can deteriorate to the point where ending the relationship may become the only option. For many Texas residents, the financial aspect of what happens after the divorce is not given thought until the inevitable is looming on the horizon. Money is property and property division is part of the dissolution of a marriage. Preparing for the possibility of not staying married does not guarantee that a divorce will happen, but it does help to ensure that both parties are prepared should the unfortunate happen.
Many issues within a marriage can lead a Texas couple to opt for a divorce. The process of untangling lives and starting fresh can be intimidating and present many challenges. The division of marital assets and child custody are tow of the biggest hurdles separating couples may face. A trend toward collaborative divorce may help parents to communicate effectively with another in order to co-parent during and after a divorce.
Woman entrepreneurs are on the rise in Texas and business is flourishing. But with hard work sometimes sacrifice is not too far behind. For women who own businesses and see that a divorce is not far off, understanding the unique financial challenges involved is imperative to making important decisions about the structure of the business and the property division that will follow.
Divorces can be a very trying time for couples who are seeking to separate their once-entangled lives. No longer sharing the same residence is usually the least of a once happily married couple's worries. The division of marital assets, which can include retirement accounts and other savings plans, can be quite costly if not handled correctly during the divorce proceedings. Texas residents can ensure that their financial future is safeguarded from unnecessary tax implications with simple steps that have been put into place early on during the divorce.
Social media has become a part of daily life for most Texas residents. With the ability to share one's day with the click of a button or touch of the screen, many Americans are turning to social media as a way to keep connected with loved ones and friends. But as with any platform that one may use to share their personal life, couples going through a divorce may wish to keep some things off of the screen, especially when it comes the division of marital assets that one may want to keep out of the divorce.
Texas military families support one another through times of deployment, country instability and the general perils of life. Within the family unit, the constant moving around and lack of physical support during times of deployment can leave the left behind spouse feeling alone and uncertain. Sometimes, these feelings or other disagreements can lead families to separate. As divorces sometimes go, the community assets, which can include disposable retired pay, will be divided. This property division can spell trouble later down the road if not handled correctly during the divorce negotiations.
The division of property and assets can be a sore spot for couples who are going through a divorce. In Texas, most assets acquired during the marriage become marital property and belong to both spouses. The exceptions to this are inheritance or gifts and personal injury settlements. These exceptions are categorized as separate property in a Texas divorce.