Paula Lock Smyth Law Offices
“Train up a child in
the way he should go
and when he is old,
he will not depart
from it.”
Proverbs 22:6

August 2014 Archives

Tips for keeping Texas finances down in divorce post 50

Divorce is emotionally exhausting at any stage of Texas residents' lives, but as they grow older and cross 50, it may be financially exhausting as well. Where only one in 10 divorcees was over 50-years-old, 20-years ago, last year, a survey revealed a startling one out of four people who divorced now were over 50. As people live longer and are more financially independent, they are looking more and more for independence in every sphere of life. However, the cost of living single is around 40% to 50% higher than two people sharing daily expenses. In addition to this, income drops more drastically for women than it does for women.

Factors affecting a child's best interests in a divorce

The decision to end a marriage is not one most Dallas couples take lightly. It comes with many ramifications, such as dividing up property and assets, changing names and finding new accommodation. However, the most important impact divorce can have is on the lives of any children involved. It means going from a two parent house to a single parent house post divorce, which can be difficult for all parties. And perhaps the most important decision divorcing couples and the court have to make is determining where the children live.