When going through a divorce, there are a myriad of issues to finalize, including property division, child custody, alimony payments and child support. One of the most overlooked issues, however, may be that of updating beneficiary forms and other important financial documents. Many people become so involved in negotiating other terms of the settlement that they often forget how crucial it is that these documents get revised to reflect new beneficiaries. Failing to update these forms may mean that the ex-spouse receives the benefits in the case a death should occur.
Couples who decide to file for divorce in Texas may be ordered to pay alimony as a part of the divorce settlement. Alimony is designed to help people who are dependent on their spouse’s income, to get on their feet, make ends meet and maintain a certain quality of life once the divorce is finalized.
When you first realized your marriage was headed for divorce, you may have immediately begun to worry how such events might negatively impact your children. While a divorce is primarily an adult issue, it affects far more people than just the two spouses involved -- especially children.
Texas is a community property state, so when it comes time to divide assets following a divorce, splitting them down the middle is common. Sometimes that seems easier said than done, though, does it not?
According to KXAN News, in 2017, Texas lawmakers considered Bill HB453, one that "would have allowed the court to grant equal parenting unless it was against the best interest of the child." The bill did not survive the legislative process, which understandably disappointed its proponents.