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October 2017 Archives

Factors that make a couple more likely to divorce

Although many Texas couples fight to keep a failed marriage going, some end up deciding that it is time to get a divorce and move on. Some couples that end up splitting up regardless of the work they put in may be interested to learn that certain factors may have played a role in the marriage coming to an end.

How post-nuptial agreements work

When Texas couples get married, they usually want to be together for life. Unfortunately, the U.S. divorce rate shows that even people with the best intentions can't always make their marriages work. One common reason for marital discord is that many couples fight about finances. While prenuptial agreements are one way to get couples to talk about finances before marriage, not every couple has one. However, it is still possible to draft a binding financial agreement even after a couple says, "I do."

The benefits of collaborative divorce

By the time a lot of couples in Texas have decided to divorce, it is not unusual for both parties to be experiencing strong emotions. The stress associated with the breakdown of a marriage can make it difficult to talk through issues and come to reasonable agreements regarding property division, spousal support, and child custody.

Divorce alters tax filing status and deductions

When Texas couples get divorced, issues in their past likely held their attention, but a divorce entails planning a new financial life going forward. People who are divorced by the last day of the year will not be able to file taxes for that year under a married status. They will file as a single person or as head of household depending on the presence of children or other dependents. The change of filing status alters tax brackets and often eliminates deductions that were available while they were married.