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Divorce Archives

Reasons for filing for divorce

Family law in Texas recognizes several reasons a spouse could ask for a divorce. These legal reasons for ending a marriage are known as grounds for divorce. Spouses must give one of these reasons when petitioning for divorce, even if both parties agree on the decision.

What to expect on the day of divorce

The end of a divorce proceeding in Texas might be as simple as answering a couple of questions at a hearing or as complicated as going through a jury trial. Once everything is settled, either by a judge or jury, the final decree of divorce will be issued and all issues resolved, such as asset division and child custody. However, there might be some steps people need to take before being allowed to have their final hearing.

Financial issues to consider during a divorce

When pursing a divorce, individuals in Texas might be concerned with securing their finances. In order to create a solid financial foundation for life after the divorce is over, both parties may need to review and understand their current economic situation. It might also be necessary to make projections regarding the expenses the couples may face as they negotiate property division and support obligations.

Dealing with home ownership issues in divorce

Divorcing couples in Texas often need to settle tricky matters of how possession of their homes should be handled. When one looks to establish independence as a homeowner from an ex, knowing what to expect when refinancing an existing mortgage for a buyout or looking to get a mortgage on a new home can be helpful.

Monetary issues to consider in divorce

Many view a home as the most important asset to consider when a divorce looms. However, Texas residents who are considering divorce and facing decisions about property division may want to rethink this issue. Many individuals focus so intently on the house that they completely ignore retirement accounts belonging to their spouses.

How pet ownership can complicate a divorce

Texas is a community property state, and assets that are acquired by a couple during marriage must be in most cases equally divided between the two parties in the event that they divorce. If parties cannot agree on which of them will maintain possession of a family home, a judge may order the parties to sell the house and split the profits 50-50. Although most pet owners would disagree, many family law courts will treat animals as items of property that are no different than a home or a piece of furniture.

Full disclosure of assets important in divorce

When marital property is divided, it is based on a full and honest disclosure of all assets by both parties. However, when false or misleading information is given, the discrepancy may be reviewed by the court and the division revised based on new information.In a suit filed in a Texas court against her ex-husband after their divorce, an ex-wife stated that her former husband lied about the home they shared during their marriage.

Divorce and baby boomers

According to statistics, more and more baby boomers are getting divorced in Texas and throughout the country. Twenty years ago, only one in 10 divorced people were age 50 or older. Today, this number is one in four. This situation is especially difficult for women who may be subject to losing half of the funds in their retirement accounts while often having to pay for housing expenses with less income than their former spouse. Divorce can wreak havoc on finances for baby boomers, partly due to the decrease in the amount of time allotted to recuperate their savings.

Finding assets hidden by a spouse in a divorce

When Texas residents are beginning the divorce process, care should be taken to ensure that they get their fair share of marital assets. There are some techniques for uncovering any assets hidden by the other spouse that may be useful. Hiding assets is a common way for a spouse to increase the amount of community property they leave the marriage with. There are a few ways to conceal cash and property that should be investigated. When one spouse owns a business, they could be using that business to hide some assets. This could be in the form of "off the books" payments, a retirement account that isn't being disclosed or even real property that they haven't told their significant other about.

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