Category: Divorce

Are stocks purchased before the marriage part of community property if they gained in value?

Stocks are often one of the largest assets held by American couples today. The most recent Gallup poll reveals that about 55 percent of Americans own stock. A stock represents a percentage share in the ownership of a...

Will self-isolating push some couples to divorce?

In the midst of the coronavirus pandemic, more couples are finding themselves spending a lot more time confined in the house together. Nationwide, the number of states issuing mandatory stay at home orders is increasing daily. On a federal level, the government is urging everyone to...

How common are divorces in Texas?

Recently, insurance website QuoteWizard.com released a report that ranks the rates of divorce by state. Overall, divorces are on the decline nationally. Over the past ten years, divorce rates have dropped by 20 percent. Some states experienced sharp declines, while divorce rates actually increased in certain states....

Is "Marriage Story" an accurate depiction of divorce in America?

The heart-wrenching drama “Marriage Story” captivated audiences nationwide. Nominated for six Oscars, with one win, “Marriage Story” tells the tale of two artists whose marriage crumbles. The couple files for divorce, with initial plans to end the marriage amicably. However, the divorce...

Why do divorce filings tend to spike in the summertime?

Summertime is typically thought of as a carefree season to swim, barbeque, and soak in the sun. However, summer is also associated with a little know phenomenon—a divorce spike. During the summer months, children are out of school and many families will travel. For some...

Who will continue to run our business during a divorce? Currently, Texas is considered the number one state to start a small business, according to a study by WalletHub. With so many businesses flocking to the state, it is the sad reality that some of these business owners will go through a divorce. Any divorce...

How might divorce in your Golden Years impact your retirement?Divorce rates nationally are on the decline, with the exception of one group—Americans over the age of 50. Research conducted by the National Center for Family and Marriage Research reveals that the divorce rate among retirees has doubled over the past 20 years. While divorce...

Is your spouse concealing assets?Texas law requires that divorcing spouses disclose all relevant information regarding their assets, which includes any financial accounts, retirement assets, property, and the like. Assets that a spouse attempts to purposely conceal or transfer in order for the other spouse to be unable to claim them are called hidden assets....

Why might I choose to file for divorce based on a fault ground?Forty years ago, the first no-fault divorce was granted in California. Prior to this time, couples seeking a divorce were required to list a valid ground for divorce, which often included adultery, abandonment, and cruelty. If one of these grounds did not...

How can creating a budget help me survive a divorce?A divorce will impact nearly every aspect of your life, including your finances. During a divorce, your marital assets will be split and the joint income level you once shared will decrease to a single income. Fortunately, there are some steps you can take that...