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January 2020 Archives

How parents can make custody transitions less difficult

Custody exchanges can be hard on both parents and children, but there are things parents in Texas can do to make it easier. First, parents need to communicate clearly about the process, including small details such as whether the parents will come in the house or stay in the car. This plan should then be communicated to children in advance and with just as much detail although parents should try to do so in a low-key way.

How to handle disputes during a child custody exchange

Texas parents who have divorced will often engage in disagreements over child custody issues. Often, this includes who has custody and how visitation rights are handled. It is generally preferable if the parents are on amicable terms and can agree on the common concerns related to sharing a child. In some cases, however, even setting up custody exchanges can be difficult.

How parents can help children adjust to a divorce

The end of a marriage is stressful for children as well as their divorcing parents, and some Texas parents may worry that it will have a long-term negative effect on their children. They may have read stories about children of divorced parents who struggle in school or who have drug problems.

Dividing an IRA during a divorce

When people in Texas decide to divorce, they may face a range of personal, emotional and practical concerns. Some of the most important changes that can come with the end of a marriage are the financial effects of property division, especially when it comes to retirement accounts. An increasing number of people across the country are divorcing at the age of 50 and up, meaning that the division of retirement accounts has become more complex. This may be especially true for people who are already receiving distributions from their accounts.

Wedding debt may cause tension in a marriage

Texas couples and others between the ages of 18 and 53 may be more likely to get divorced if they took on debt to have a wedding. That was according to a survey conducted by LendingTree. The survey found that 45% of respondents said that they went into debt to get married, and nearly half of those who did so got divorced. Of those who didn't borrow money to have a wedding, only 9% said that their marriages eventually came to an end.

Advance planning can prevent divorce financial strain

When people in Texas decide to divorce, the process can be deeply emotional. However, the practical side of divorce, particularly the financial aspects, can linger on long after the emotional issues have been resolved. After a divorce, it is possible to recover and rebuild financial security and well-being. However, people can act in advance to protect themselves and prepare themselves for any potential future. When both spouses are involved with money management on a daily basis, this can prevent the confusion and problematic decision-making that can follow a divorce or even the death of a spouse.

Getting a mortgage while owing back child support

Some parents in Texas owe back child support. When an individual is in this situation, they may wonder if they qualify for a mortgage. It is important to note that back child support counts as debt when applying for a mortgage. Additionally, it is also a derogatory credit event, which can harm a person's chances for a mortgage approval.

How parents can better focus on their children's needs

It isn't uncommon for divorced parents in Texas to have arguments over how to raise their kids. However, it's important to remember that the goal is to do what is best for the child regardless of how it may make either parent feel. For instance, both parents are generally entitled to see their children regardless of how they feel about each other. Creating a parenting plan may help to avoid conflicts over parenting time.

How alimony can get complicated

Many Texas residents have experienced some of the challenges that come with divorce. Alimony adds another layer of complication. There is a lot of confusion about what alimony is, who is eligible to receive it and who may be required to pay it. A clearer understanding of the different kinds of alimony can make the situation easier to understand.