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September 2019 Archives

Attributes that could increase the risk of divorce

No one can predict whether a marriage in Texas or anywhere else will succeed. However, research has made it easier to predict the types of people who may be more likely to get divorced. For instance, those who overreact to minor problems in their marriages may have a higher likelihood of ending their marriages. Of course, there is also a chance that they will decide not to follow through with this decision once they calm down.

East to follow advice on getting past the end of a marriage

Divorce can be a traumatic event for anyone who experiences it. However, it is important for Texas residents and others to avoid going into a shell when their marriage ends. Ideally, individuals will work with professional therapists or others who they trust to work through their feelings. It may also be a good idea to work with a financial adviser who will likely take an objective approach to decisions such as selling a home.

Millennial couples are interested in prenuptial agreements

A survey from the American Academy of Matrimonial Lawyers (AAML) found that prenuptial agreements have become more popular in Texas and elsewhere in recent years. Of those who took part in the survey, 62% said that they saw an increase in the number of clients who sought such agreements for themselves. Those who participated in the survey also said that the increase was being fueled by millennials.

Reasons to use prenuptial or postnuptial agreements

Some people in Texas may wonder if they should create a prenuptial agreement before getting married. A postnuptial agreement is also a possibility for a couple who is already married. Pre- or postnuptial agreements are generally not necessary for people who are going into a marriage with few assets and no children from a previous relationship. However, people who do have children or significant assets or who anticipate an inheritance that they want to protect may want to consider using these tools.

Older couples and divorce: financial considerations

The divorce rate has been stable for most age groups for a while. However, gray divorces involving older people, particularly over the age of 65, have doubled since 1990. As some Texas couples will experience, the financial aspect is more complex in gray divorce because there are usually more assets to negotiate.

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Teller Law Firm, P.C.
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Grapevine, TX 76051

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