The small city of Borger, Texas, has the 37th highest divorce rate in the United States. Its divorced population has nearly doubled by increasing to by 15 percent in recent years. The increase is attributed to changing economic conditions. Some people in Borger have suffered economically because of drought. Farmers and ranchers have seen decreases in income as the drought has reduced the productivity of agribusiness. Meanwhile, those who work in Borger's vast oil complexes have seen increases in income. Changes in a family's income - either positive or negative - can put stress on the relationship between spouses. The prospect of losing a farm or ranch can cause spouses to consider striking out on their own. Sudden increases in income can also be destructive as individuals may find themselves with enough money to purchase liquor or illegal drugs that may lead to other actions that their spouse of which their spouse doesn't improve.
When it comes to deciding to end a marriage, people have to think about asset and property division -- and how to share the things that cannot be divided, such as children or pets. Sometimes, however, couples elect to keep some assets and share them, often for practical rather than sentimental reasons.
There's a wise old saying that goes something like this: A doctor who treats himself has a fool for a patient. Texans could soon have the opportunity to test that theory out in court. From now until February 8, 2013, the Texas Supreme Court is accepting public comment on do-it-yourself divorce forms. The idea is that people who can't afford the usual route - hire an attorney who knows the process and can do it right the first time - will be able to get unhitched on the cheap.
For nearly 65,000 women every year, the end of their marriage means the end of their health insurance coverage. And it may take as long as two years before they can get replacement insurance, if they can manage it at all. Loss of coverage is one aspect of divorce that may get lost in the scramble for child custody and equitable distribution of assets.
One of the most valuable benefits for armed forces veterans is the retirement pay, and it could be the most important marital asset. It's vital that divorcing military couples take into account the nature of the benefits and the way courts approach them. It's not the same in every state.
If a prenuptial agreement is on the to-do list before the wedding, think very carefully and read closely before signing. Once signed, pre-nups are very hard to break legally. Those cautions come from experts who specialize in unwinding those binding contracts when things don't work out as planned. Voiding a properly drafted and signed prenuptial agreement in search of a better deal is difficult, they say, but not impossible.