Divorce can balloon into several different but related problems, most commonly credit issues, and bankruptcy. As discussed in a previous post, these issues are serious but are manageable with quick and decisive action. This post will continue with the final three tips...
Month: July 2016
A rundown on paternity suits
A paternity suit is a legal action to establish parental rights over a child by legally declaring that a particular person is a father. These suits can be filed by the father or the mother. The mother would attach it because it would compel the father to pay child...
Can you file for divorce in Texas?
Are you considering filing for divorce in Texas? If you are, here are some things you need to know before taking that first step.Residency requirements for divorce petitions in TexasBefore a Texas court will accept your petition for a divorce, you or your spouse has...
After a long marriage, divorce becomes more complicated
Ending a marriage is never easy. Ending a long-term marriage can seem like an insurmountable task since your lives have been intertwined for decades.While the children are grown and out of the house, you will not need to deal with issues of child support nor...
Potential issues with a collaborative divorce
Everyone is always trying to solve the problems with divorce. Too many people are getting divorced. It is too expensive. The children are traumatized. But, in the end, divorce may be the only sensible solution available to most people who need to leave a toxic...
Five ways that a divorce can impact your credit, part 1
Disentangling a jointly run life is messy, expensive and complicated; there is no other way around it. Unfortunately, that could mean that your credit score will take a hit as you begin taking control of your financial security. This post will go over the five most...
Should you keep records if you receive spousal support?
In short, yes, you should absolutely keep records of any spousal support payments you receive. Whenever a dispute arises the courts will look to and rely on any records that evidence the ongoing conduct of the parties. The person who is able to produce the better and...
Should you stay in your marriage?
Divorce is a big decision for any couple to undertake. There are emotional, spiritual and financial issues to take into consideration. But despite all of the potential cost, sometimes divorce is the better option for you and your family. A bad marriage can be a bad...
The Texas Child Support Calculator explained, Part 2
Child support guidelines are designed to ensure that all parents and children are treated fairly. The numbers are inputted into the guidelines and formulas and a child support number is generated. The goal is to remove bias from the calculus. As discussed in a prior...
Financial tips for the recently divorced
Divorce implicates far more than splitting with your former spouse. It implicates asset division, shared parenting time with children, retirement, and even financial difficulty. Unfortunately, many people who divorce go through other forms of financial turmoil. It is...