One of the issues addressed during a divorce is where to live once it is finalized. To make the right choice, Texas divorcees have to consider how they will be impacted financially, emotionally and practically.
Spousal support is often an important part of divorce negotiations in community property states like Texas, but recent changes to the nation's tax laws could make negotiating alimony more challenging. Under the current federal tax code, people who pay spousal support are able to deduct these payments on their income tax returns, and the individuals who receive alimony must pay the tax on this income. However, those rules will no longer apply after Dec. 31, 2018 under the provisions of the recently passed Tax Cuts and Jobs Act.
For Texas couples who are considering a divorce, financial and practical concerns can be some of the major worries that they have. Ending a marriage has a major impact on finances, and that impact can extend beyond the obvious issues of asset division and child and spousal support. Health insurance coverage can also be affected.
For Texas residents and others, it may be worthwhile to negotiate a divorce settlement with the help of a mediator. Doing so may help to settle the divorce in a timely manner while also keeping costs to a reasonable level. When negotiating a settlement, it is important for individuals to understand their finances. This may make it easier to craft a reasonable offer as it relates to child support or alimony.
People in Texas who get a divorce may also find that their credit rating is lower afterward. This could happen for a variety of reasons, some of which could be intentionally created by an ex-spouse.
While the start of a new year may bring happiness and joy to many, it may also mean the end of a relationship for some Texas residents. In fact, the first Monday in January after the holidays are over is considered one of the busiest divorce days of the year across the country. Those who are considering a divorce should have as much information as possible regardless of when it takes place.
Everyone knows that divorce can bring about many changes in the day-to-day lives of transitioning families in Texas. However, both parents and children may find the disruption of long-standing routines especially poignant during the holiday season. Children who are bouncing between households may not really understand the legalities involved. On the other hand, parents could experience a range of emotions during what is traditionally touted as a time of peace, goodwill and family togetherness.
Some divorcees in Texas may find themselves experiencing parental alienation. This happens when one parent attempts to turn a child against the other. A parent who has been diagnosed with a borderline or narcissistic personality disorder may be more likely to target an ex with parental alienation. Parental alienation may start in subtle ways, but there are signs that parents can watch for.
Under Texas law, all debts accrued during a marriage are generally considered joint debts. Therefore, a spouse may be responsible for a portion of those debts following a divorce. In some cases, that person could be responsible for paying off the whole debt if the other spouse doesn't pay his or her share. This is because creditors are not restricted by the terms of a divorce settlement.
A number of marriages end in divorce each year. People in Texas may wonder whether certain factors increase the likelihood that they will divorce, and researchers have found that a number of things can predict divorce.