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Divorce Archives

How to handle parental alienation syndrome

One unfortunate side effect of getting a divorce is parental alienation syndrome. This is the name for a situation in which one parent attempts to turn a child against the other. There are a number of indicators of parental alienation syndrome that Texas residents should understand.

Financial matters can be major concerns during divorce

Spouses in Texas dealing with the end of a marriage may be beset by emotional concerns; however, financial concerns and questions can loom just as large for people heading toward divorce. This is especially true as a growing number of couples opt for divorce at older ages with potential impact on the retirement and savings plans of both spouses. Since the 1990s, divorce rates for people over 40 in the United States have risen; for those over 50, the rates have doubled.

Staying together unhappily versus ending the marriage

Couples with young children may have to think about more than which spouse keeps the house and the cars when they begin to contemplate getting divorced. Many Texas couples choose to stay together for the sake of their children. However, in some cases, it's better for the children if the parents end the marriage and move on. However, there are a few things for parents to consider.

Why divorce happens

The Centers for Disease Control and Prevention reports that 22 percent of couples in Texas and the rest of the nation who have been married for five years will undergo some type of marital disruption. For marriages that have lasted for at least two decades, the percentage of marriages that will end jumps to 53 percent. For the couples who get divorced, the primary reasons they choose to do so seem to be prevalent among divorced couples.

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.

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.

Common financial mistakes in a divorce

When Texas couples get a divorce, there are a number of errors they should avoid during property division. One is keeping the family home. While this can feel like a way to get some stability during an unstable time, the upkeep on a single income may be unsustainable.

Correlation found between some jobs, divorce rate

Texas bartenders, flight attendants and casino workers may be more likely to get a divorce than people in professions such as actuary or physician. A survey presented by FlowingData drawing on data from the 2015 American Community Survey found that while actuaries had a divorce rate lower than 20 percent and that of physicians was just above 20 percent, the divorce rate for bartenders and gaming managers was higher than 50 percent. Overall, occupations that focused on science and math tended to have considerably lower divorce rates than the 2015 average of 35 percent while those in jobs that dealt with transportation or night life had higher ones.

Social Security benefits after divorce

Many Texas divorces affect the Social Security benefits of one or both parties. Social Security tends to be an asset that is not as often thought about as more tangible benefits like real property or investments. Even so, understanding the impact a divorce has on Social Security is a vital part of post-divorce financial planning, especially for those over the age of 62.

Millennials and prenuptial agreements

Millennials in Texas and other parts of the country are moving on with their lives, getting jobs, getting married, and having kids. Like all couples who get married, they hope that their union will last a lifetime. However, many are also realistic and are more inclined than their grandparents and parents to have a prenuptial agreement.