Dividing assets during divorce can be complicated for those with large estates, businesses and complicated finances. Asset where there are sliding scales for value generally require outside experts to provide accurate valuation. This is especially true when a couple is trying value or divide an art collection.
Texas readers know that divorce is a complex, difficult process. The choice to end a marriage is never an easy decision, no matter how amicable the two parties may be, and there could be important assets and child custody at stake. If you are facing the prospect of divorce, you may be wondering what you can do to simplify this process and avoid unnecessary complications.
Many people stay in unpleasant work environments, stick with losing battles or remain in bad relationships. There is actually a term for this: "the sunk cost effect". The rationale is that people invest so much energy money or time into something that we are hesitant to give up on it. This can even apply to closets full of clothes we do not wear or basements full of stuff we do not use.
Parents often encounter challenges as they raise their children to be successful young adults. Perhaps your family has hit a few roadblocks along the way, but with the support of family and friends, you overcame the obstacles, found solutions to your problems and got things back on track. If you're currently navigating divorce, things may not be fully back on track yet but you can be hopeful that you will achieve a fair and agreeable settlement.
For many parents, sending an adult child off to college can be emotionally difficult. It is the first time that your child will be on their own for an extended period. College is the time when teenagers experience more independence, taking their first steps into adult life. Naturally, you want to do as much as you can to prepare them for this important step.
When parents in Texas decide to end a marriage, the biggest concern is often the custody of the children. Traditionally, primary custody was often awarded to the mother. However, these days, shared parenting or co-parenting is becoming a popular child custody agreement among parents, and many states have already passed statutes favoring 50/50 periods of possession, which trend seems to be continuing. By co-parenting, children can spend equal time with both parents, which can have positive effects on emotional and psychological health.
It doesn't matter how much money you have. When you divorce, it makes an impact on finances. Depending on how your settlement negotiations progress, you could find yourself starting over.