When people in Texas get a divorce, they likely still have a significant to-do list related to the split. For example, they may want to go through and change their passwords on all digital accounts.
Wedding planning in Texas now includes the preparation of a prenuptial agreement more than it used to. Members of the Millennial generation have grown up familiar with the use of marriage contracts that govern the distribution of property in the event of a divorce. Now that people in this generation are getting married, lawyers have reported an increase in clients requesting the agreements. A survey by the American Academy of Matrimonial Lawyers found that 51 percent of lawyers had worked with growing numbers of millennial clients who wanted prenuptial agreements.
Couples in Texas who decide to get a divorce will need to negotiate how to fairly divide their assets. While this is an already delicate endeavor, the process can become more complicated and take longer when there is a family business involved.
When people in Texas get a divorce, they may want to take steps to secure their online accounts. They could change all their passwords and remove themselves from any shared accounts. If the couple shares any devices, such as phones, laptops or tablets, they should delete any personal information from them. They may want to reset to factory settings after each person has had an opportunity to remove everything they want.
Cryptocurrencies have allowed some Texas investors to accumulate a relatively large amount of wealth from a relatively small initial stake. The very nature of cryptocurrencies makes hiding all of this wealth easy. Understandably, this can be a problem when going through the divorce process.
Throughout Texas and the rest of the U.S., more and more spouses over age 50 are choosing to separate. These gray divorces account for approximately 25 percent of legal splits. However, getting a gray divorce after experiencing a lengthy marriage presents challenges to both spouses. Lengthy marriages often involve greater difficulties when attempting to determine who owns various assets. Some couples spend years battling their convictions in court.
Most parents in Texas are aware that kids love to text and use social media to communicate. They may also be hesitant about allowing them to do so. However, a new study suggests staying connected in this way may help children deal with divorce more effectively when one of their parents no longer live in the family home. Even though it's believed divorced parents' ability to get along post-split determines how kids cope with divorce, researchers discovered parental contact was even more important.
When couples in Texas are going through a divorce, there are a number of common mistakes they should try to avoid. One of those errors is failing to get paperwork in order. This might include Social Security statements showing the earning of both spouses, information on what was paid for various assets, account numbers and home improvement receipts. Some of this paperwork may be helpful after the divorce as well. For example, if the couple has been married for at least 10 years, one spouse might be able to draw Social Security retirement benefits on the other spouse's income.
Couples in Texas planning to exchange vows can take comfort in knowing that fewer people are ending their marriages these days. Even so, having a better understanding of the common reasons for divorce may help some married couples avoid potential pitfalls that could doom their relationships. In order to rank divorce-related factors, researchers interviewed couples who parted ways several years after completing a prevention and relationship enhancement program before they were wed.
While divorce rates are steady or have dropped for most age groups, it is on the rise for people 50 and over. These divorces are not just between people in shorter second marriages. Older people in Texas who have been married for decades may be more likely to divorce than in previous generations.