Those who are getting divorced in Texas or any other state may need to determine how they will split their marital home. In some cases, one party will agree to be bought out by the other. However, there are many steps that need to be taken to determine how much an individual must pay to his or her former spouse. The first step in the process is to determine how much the house is worth.
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.
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.
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.
Property division negotiations often become contentious in high-asset divorce cases, and this is especially true in states with community property laws like Texas. Hiding assets during a divorce is both unethical and illegal, and spouses who engage in this type of behavior can face consequences ranging from an unfavorable property settlement and a contempt of court citation to criminal charges for fraud or perjury. The steps spouses take to conceal assets and cover their tracks are sometimes elaborate, and it usually takes the skills of specialists to identify them.
Many divorcing spouses in Texas go through major financial difficulties. For some, dissolving a marriage takes time and resources. The first step is to adjust the budget after losing the salary a spouse provided.
A study that appeared in the Journal of Sex & Marital Therapy suggests that the main reasons for divorce could be shifting away from issues such as infidelity or violence and toward a lack of emotional fulfillment. Texas couples may be more likely to end their marriages because they no longer love or trust their spouses than in previous generations.
People in Texas who are getting a divorce may want to be cognizant of how they use social media. Information shared on social media could be used against a person during divorce proceedings. People should avoid disparaging a spouse, and if a divorce seems likely, they may want to consider removing people from their friends list who may cause problems. In general, locking down privacy is a good idea.
People in Texas who are getting married for a second time may want to take steps to safeguard their finances and ensure that children from a previous marriage still receive their assets after their death. Both prenuptial and postnuptial agreements may be useful.
Divorce rates in Texas and around the country tend to rise sharply in March and August according to a study conducted by sociologists from the University of Washington in 2016. Experts believe that the biannual surge is caused by marital problems rising to the forefront when spouses spend more time in one another's company. Divorce filings fall in September when children return to school and schedules go back to normal, and then they pick back up again during the holiday season.