Moving Toward Retirement…and Toward Divorce?
Many Americans are not averse to divorce. Roughly one in three marriages ends in divorce, and the divorce rate for couples over 50 has doubled since 1990. A strongly individualistic generation, the Baby Boomers are reinventing marriage trends as they retire from the workplace. A recent study from Bowling Green University made some interesting findings… Read More »
Marital Property—Protecting Your Finances During Divorce
Money earned while married does not belong to the spouse earning it. Under Texas law, the spouses’ combined income is marital property. Texas addresses marital property and separate property under Chapter 7 of the Texas Family Code. Texas is a community property state, which means marital property division is 50/50. People worry about losing money… Read More »