For Texas couples preparing for a military divorce, spousal support may play a central role in the negotiation process. Those couples should be aware that the ability to claim alimony payments as tax deductions is scheduled to come to an end at the close of this year. Understanding how that change might impact the bottom line for each spouse is important, and there is very little time left to make adjustments before the new rules kick in.
The family home is more than just a building; it's often the repository of memories, especially for parents. When a military divorce takes place, some Texas spouses have a hard time coming to terms with moving on from the family home. That, unfortunately, can lead to some questionable decisions when it comes to what to do with this piece of real estate.
Texas military spouses who are planning to divorce have a long list of items to consider. Among those considerations is how to approach division of retirement benefits. It may be tempting to prioritize other issues over retirement matters, but doing so can put some spouses at risk of serious financial issues, especially in light of upcoming tax law changes that go into effect at the beginning of 2019.
For many Texas spouses, the end of a long marriage can feel like a devastating event. That's true even in cases where both spouses agree that the marriage should come to an end. Walking away from a long partnership is difficult, and far too many people let those difficulties create mental and physical health problems in the years that follow. These tips can help you stay healthy and happy after a military divorce.
Most Texas spouses only think of divorce in negative ways. Many fear or dread the end of a marriage, even when divorce is clearly the best path forward for everyone involved. It seems as though the nation is slowly changing the way divorce is viewed, which could truly make a positive difference for many spouses going through a military divorce.
Recent research suggests that men and women who go through divorce are more likely to encounter serious health issues than those who remain married. For Texas spouses preparing for a military divorce, this information can help prevent a decline in health and wellness. As with so many things in life, being fully informed is the best way to chart out a course for success.
For certain Texas families, a less contentious divorce is beneficial to all family members. This is especially true in the case of parents who share one or more children. Instead of traditional child custody litigation, collaborative divorce offers a far less fraught path to ending a marriage. This can be a relief to everyone involved.
For Texas residents who have never gone through a divorce, the process may seem confusing, and at times overwhelming. That is especially true for families facing military divorce, where the division of assets is somewhat unique. The best way to move through this process is to select a family law attorney who is experienced in the area of military divorce.
Texas couples who are preparing to bring their marriage to a close have multiple options on how to complete the divorce process. Each path has advantages and disadvantages, and spouses must choose the approach that is best in line with their interests. When a divorce will include complex property division, it is critical to select an approach that allows for an emphasis on dividing marital wealth.
Once the end is in sight, many Texas servicemembers are excited to move on with their lives and gain a fresh start. It is important to understand, however, that there are certain military divorce issues that can present problems long after the papers have been signed and filed. Life insurance is one example and is something that should be addressed directly within the divorce agreement.