There's no question that working with your ex-husband or ex-wife to raise your child could be difficult. You're no longer married for good reason, but you know the importance of raising your child together.
If you are considering divorce, you may be wondering what will happen to your marital assets. Which one of you will keep the house in San Marcos? What will you do with the property you just bought in Wimberly? What happens to the cars, the furniture, your retirement accounts and even your time share in Cozumel?
You and your ex tried your hardest, but your marriage ended in divorce. Maybe you were too depressed or shocked to fight back and ask for custody. Maybe you were between jobs or hadn't secured proper housing by the time the divorce got finalized by the courts.
There are certain issues that typically become the biggest problems in a divorce. One of them is often child custody and support. Another is the division of your property and debts.
When it comes to marital assets, the biggest and most important to many people is their home. This makes sense. For the vast majority of married couples, a home represents the biggest financial investment of their adult lives. You and your spouse have likely spent many years building both financial and sweat equity in your home.
When going through a divorce, the dreaded A-word often pops up somewhere along the way: alimony. Will you have to pay your ex-wife alimony? If so, how much will you have to give her every month? How long with the payments last? Will this be a lifelong thing or at some point will the court decide it is enough and let you stop making payments? These might be a few questions you have concerning alimony laws in Texas.
As a parent going through a divorce, you know there is a likelihood that you could need to pay for child support if you are not the primary custodian of your child. The money is intended to help make up for the lost income in a single-parent household. It's there to support your child's education, daily needs and other necessities.