Imagine that you and your spouse have been getting into disagreement for months. It begins to look like this "rough patch" is going to drag on for longer than either of you expected. You've reached your emotional breaking point - when they suddenly drop a bombshell: they want a divorce.
Traditionally, marriage means merging two separate lives into one shared life. In the past, this included sharing most things - home, car, bank account, credit cards, maybe even each other's socks.
You remember your first date and your wedding day. Those were happy times. You and your spouse got along well and enjoyed each other's company. You were both happy and shared dreams. The two of you created goals and built a life together.
If you're considering divorce, the prospect of reaching out to a family lawyer, disclosing your financial information and laying what feels like the personal failure of your marriage before a judge does not seem appealing. Isn't there an easier, more private way to handle your divorce?
Not only is discrimination in the workplace unacceptable, but it's also illegal. People have been fired for their race, color of their skin, being pregnant, and more, but did you know that there have been cases in which workers have been fired after announcing they were getting divorced?
The facts show that you have a 50/50 chance of staying married. When it comes to making a lifelong commitment, these odds aren't very comforting. One of the first steps you're most likely to take when you and your spouse lay divorce on the table is reaching out to a divorce attorney. Under Texas law, you do not need to be represented by an attorney for your divorce, but rest assured it is almost always the best option.
In the previous post, we discussed why men get the short end of the stick when it comes to alimony. Reasons range from the stigma society has established about how emasculated men feel asking their wives for financial support, to the simple fact that courts are still a little biased towards granting men spousal support. Even though it has been traditinally more difficult for men to get alimony, the number is slowly rising as more husbands stay at home so that their wives can focus on their careers.
Alimony, or spousal support, is an ongoing payment made by the higher-earning spouse to the lower-earning spouse in the event of a divorce. And though the concept of gender equality has risen significantly in recent decades, the number of men awarded alimony as part of divorce settlement still lags significantly behind their ex-wives.
Divorce is one big financial and emotional whirlwind that can sweep your feet out from under you. And it turns out that divorces are especially difficult for women. In 2011, the U. S. Census Bureau reported that, "of the women that divorced in the last 12 months, 27 percent had an annual household income of less than $25,000." Although the statistics report is now several years old, little has changed in the intervening seven years. This shows that the standard of living drops dramatically for women. That's why it's important for women to tune in to their financial needs and plan ahead for an independent future.
If you and your spouse agree that the best course of action for your relationship is divorce, then prepare your wallet for the accompanying financial obstacles. Divorces can be as expensive as the two parties allow them to be. If you think some of the issues on the table may run up the legal fees and court costs, your divorce may make it impossible to meet your debt obligations. (Remember, no matter who holds the credit cards and loans, debt is also considered marital "property" and will be equitably divided among both spouses.) Filing for bankruptcy may be the right option before you file for divorce.