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Fort Worth, Texas Divorce Law Blog

3 common reasons for divorce

When you decided to tie the knot, you and your partner likely believed that your relationship would last forever. Now that the marriage is coming to an end, you may wonder how you could have ever expected to stay with the same person for the rest of your life. This thought likely crosses the minds of many people in this predicament, even if the reasons for divorce vary wildly.

While each case of divorce differs from couple to couple, some common reasons for dissolving marriages tend to crop up. In fact, some of the following contributing factors may have played a role in your decision to terminate your marital relationship.

Tips for effective coparenting

Co-parenting may be a reality for several years for Texas parents who get a divorce. While it can be challenging due to the upheaval and the emotions involved, there are a number of things parents can do to make co-parenting less difficult for themselves and their children.

One of those things is putting the children first. This includes solving problems that arise when children have to move between two households, such as losing clothing or items for school. Parents should also set boundaries with one another about when and how often a parent communicates with the children when they are at the home of the other parent. Furthermore, parents need to communicate about whether they will attend parent-teacher conferences together as well as how they will deal with other adults that work with their children. Children may also express a preference here.

Disentangling assets can be challenging for older divorcees

Divorce can pose a unique set of concerns for spouses near retirement age in Texas. Since retirement can be associated with a reduction in income, even those with extensive savings may have particular challenges during a divorce. This is a major problem for many seniors as the divorce rate for couples over 50 has escalated continually since 1987. Indeed, one out of every four couples makes the decision to divorce after the age of 50.

Some particular concerns around divorce for couples over age 50 arise around retirement planning, asset division and other financial concerns. For many couples who divorce close to or after retirement, this separation can mean the end of a long-time relationship that is accompanied by equally complex financial arrangements and shared accounts. From life insurance, long-term care plans and Social Security benefits to investments, mutual funds, stocks, real estate, 401(k) plans and other retirement savings vehicles, there can be a range of different financial instruments that must be addressed in a divorce settlement.

Jointly held credit card debt could be a liability in divorce

A divorce in Texas often involves untying the financial knots that bind spouses. While the divorce decree should determine who pays what debts, sometimes people need to take action on jointly held credit cards prior to the completion of the divorce process.

It is possible for one spouse to charge up a bunch of debts on a joint account. Regardless of the terms of a divorce settlement, the creditor will try to recover payment from both parties on the account. Ideally, splitting partners will pay off and close joint accounts as soon as possible. If an account cannot be closed, an account holder can request that the creditor remove the former partner as an authorized user.

Divorce and finances

Texas couples who get divorced will find that their lives may change in more ways than one, particularly when it comes to their finances. This is especially true for people who get divorced later in life and near their retirement age, when they may not have the opportunity to save what they need to have a comfortable retirement. However, there are some steps they can take to have a secure financial future.

A thorough assessment of one's finances should be made before filing for divorce. This means closely examining assets income and budget. There are many married couples in which the management of the household finances is undertaken solely by the husband, which can place a wife seeking a divorce in a complicated situation. It may be necessary to speak with legal and financial experts to figure out what should be done initially to safeguard the finances.

Being thorough when it comes to business interests in divorce

If you are the owner of a business, chances are, you may place a high priority on safeguarding its longevity. With the amount of time and effort you invest in your company, you probably don't want to see it come to harm, but if you are currently facing the end of a marriage, you may have concerns about how the process will impact your enterprise.

This aspect of divorce may be of significant concern to you if your spouse is entitled to a portion of the company. In community property states, such as Texas, the division of marital assets must be equal, but this doesn't necessarily spell the end of your business.

Tyrese may handle his custody case without legal counsel

Entertainment news sources report that Tyrese's lawyer has filed for a substitution of attorney in connection with the artist's continuing custody battle with his ex-wife, and fans in Texas and other states may want to know more. Sources suggest that Tyrese will likely represent himself in the custody case unless he retains another lawyer before his next scheduled court date. He was expected to return to court for a hearing on Nov. 14.

Claiming child abuse, the man's wife had filed for a permanent restraining order against her ex-spouse, saying that he beat their 10-year-old daughter. The case was dropped following an investigation. However, some of Tyrese's followers raised concerns regarding the star's mental health following a number of posts that he made online while the matter was pending.

How to properly manage finances in a divorce

Texas residents and others who are going through a divorce may find that it is an expensive process. Among the most common costs are hiring a lawyer and losing potentially valuable assets when marital property is divided. Furthermore, it may be more difficult for someone to live on a single income after leaving a relationship. While hiring an attorney may be expensive, doing so may help protect an individual's rights and stop a spouse from possibly releasing personal information.

It also may be a good idea to close joint accounts as well as for an individual to order a copy of his or her credit report. This may prevent one spouse from opening a new account in the other's name. Another way to protect assets is to gather all relevant information about them. A person should note the type of account, where it is held and how much it is worth.

The perils of a DIY divorce settlement

When couples in Texas divorce, finances are often a significant concern. Even if the split is amicable, dividing assets such as real estate, savings, investments and retirement accounts, can be a daunting task.

In some cases, a couple may opt to handle asset division on their own, splitting accounts and debts down the middle or according to a percentage that seems fair. Often, the decision to take a DIY approach is based on a genuine concern for the emotional well-being of both spouses and their children. The couple may fear that bringing third parties into negotiations will only heighten tensions and escalate conflict.

Type of marital abuse may impact co-parenting after divorce

In Texas, many couples have marital relationships that have been marked by domestic violence. When these couples have children and later divorce, the type of relationships that they had during their marriages may impact their ability to co-parent.

Researchers from the University of Illinois were interested in determining whether or not the patterns of domestic violence that were experienced by women during their marriages would affect the ability of the estranged couple to engage in co-parenting relationships following their divorces. The researchers studied 135 cases involving parents who had previously had domestic violence in their relationships in order to determine whether or not there was a difference in their ability to form co-parenting relationships during the first year after their divorces.