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Divorce and Your Credit Score
18 September 2021 by J. Turner Thornton
As you consider divorce or are going through divorce, you may start thinking about your credit score – and you should. Divorce can certainly have indirect but profound effects on your credit score. Learn more about divorce and your credit score here. Divorce and Your Credit Score While getting divorced does not damage a spouse’s credit directly, it can result in financial issues that do affect credit. For example, when a couple divorces one spouse may remain in the marital home, attempting...
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What happens to a mortgage in divorce in Texas?
18 September 2021 by J. Turner Thornton
When a couple owns a home and the marriage ends in divorce, important decisions must be made about what to do with the home. One spouse may want to remain in the home, but who then makes the mortgage payment? There are several factors that come into play in determining what happens with the home, including credit rating, equity in the home, and how the home or property was financed and titled. How Can Community Property Be Divided? Texas is a community property state, which means any property that...
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Alimony in Texas vs. Court-Ordered Spousal Maintenance
18 September 2021 by J. Turner Thornton
Alimony in Texas is a contractual construction and does not come up in Texas nearly as often as it does in other jurisdictions. It is nevertheless an important consideration when going into the divorce process. Difference Between Contractual Alimony in Texas vs. Court-Ordered Spousal Maintenance In many marriages, one spouse earns a higher income than the other, while the other may work part-time, handle household duties, and care for children. After a divorce, the lower-earning spouse may not be...
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18 Divorce Do's and Don'ts
18 September 2021 by J. Turner Thornton
List of Divorce Do’s and Don’ts Divorce is seldom easy. If you are considering a divorce, there are many things you should start thinking about now. Asset and property division, child custody and child support, and business-related concerns are just some of the issues that can come up during divorce proceedings. Historically, women do not fare as well financially in divorce proceedings (most of the time), so proper planning is especially important and can help mitigate financial worries. No matter...
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What is a SAPCR in Texas? Suit Affecting Parent Child Relationship
18 September 2021 by J. Turner Thornton
What is a SAPCR in Texas? In divorces involving children, a SAPCR or Suit Affecting Parent-Child Relationship (SAPCR) is filed. A SAPCR is a legal proceeding that determines child support, custody, visitation, and other rights in order to establish what is in the best interest of the child. Even if one spouse is pregnant at the time a divorce petition is filed, a SAPCR must also be filed and you must wait until after the child is born to get a divorce. How does property get divided in a divorce...
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Divorce Modification and Post-Divorce Disputes
16 September 2021 by J. Turner Thornton
Divorce Modification and Post-Divorce Disputes After a divorce is finalized, you may find yourself back in court with your ex-spouse. If you agreed to a settlement, a child custody arrangement, or any other divorce-related agreement, you may need to modify or enforce the terms of your arrangement. Issues that come up after the divorce is finalized are often referred to as post-divorce disputes or post-divorce litigation. The Texas Family Code has an entire chapter – Chapter 9 – dedicated to post-divorce...
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How Much Does a Divorce Cost in Texas?
16 September 2021 by J. Turner Thornton
Cost of divorce in Texas A recent USA Today article putting the average cost of divorce in Texas without children at $15,600, and the average cost of a divorce with children in Texas at $23,500 which puts Texas fifth in the nation on the list for most expensive divorces. Fortunately, the cost of a divorce is something the parties have a significant ability to control and some divorces can be finalized for much less than the state average. Divorce Process in Texas How expensive or lengthy the divorce...
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