Raising a child is seldom cheap. Even if a child has perfect teeth and never gets sick, you will have the normal expenses such as buying clothes and shoes as your child grows. If your child develops an interest in sports, music or other forms of expression, you can plan on paying for equipment and lessons. Of course, as your child reaches the teen years, you will have other expenses that may break your budget.
The gray divorce phenomenon, or the number of people over the age of 50 who have filed for divorce, has taken America by storm. While only 2.8% of people in this age range filed for divorce 50 years ago, that number increased to 15.4% in 2011 and continues to rise. There are a number of factors to consider when people over the age of 50 decide to terminate their marriage. Like in any divorce, marital property that was accumulated throughout years of marriage must be divided between you and your spouse. However, there may be different financial considerations that affect property division when you are older, compared to when you are younger and going through a divorce.
Alimony laws in Texas and elsewhere can be complicated and emotional. Many people believe the concept of spousal support to be outdated and unfair to the paying party. On the other hand, those who did not work during the marriage or earn significantly less than their ex-spouse may need to receive spousal support until they become self-sufficient. You may wonder how long you are entitled to alimony, as well as whether you can receive it indefinitely.
It is not uncommon for those who have recently divorced to want to move away from Houston. Staying in the same general area in which they made their lives with their ex-spouse may serve to bring up painful memories of the circumstances that contributed to the end off their marriage. For this reason, many of those who relocate after a divorce will often seek to put distance between themselves and their ex-spouses. Americans in general tend to go significant distances when they move (indeed, information shared by Move.org shows that over one-third of relocations are outside of one's current county). Yet moving away can be complicated when a divorced couple shares custody of their children.
Congratulations on your impending nuptials. You may be in the midst of the planning phase -- perhaps choosing flowers, picking a venue and a photographer, tasting food and cakes, and sending out invitations. You have a lot to do, and this may seem like an awkward time to talk about preparing for the possibility of a divorce. But if you don't do it now, you probably won't do it.