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Texas divorce may be light at the end of the tunnel

Finally, there is a light at the end of the tunnel. After months, or maybe years, of debating whether the marriage is worth saving, the decision has been reached. Divorce lawyers have been consulted, and the process of a Texas divorce has begun.

Many may believe that once the divorce is finalized, everything will be settled and one will be able to go on with his or her life. For some this may be true; for others, there are still obstacles to be overcome. Prior to the divorce, there were most likely two incomes available to take care of the mortgage and every day bills. However, after the divorce, there is most likely only one income available for such expenses.

A considerable number of financial decisions are made throughout the divorce process. Decisions regarding who gets the house and other assets have been made. Other decisions such as possibly selling the house and other property may have been made. Any type of spousal support or child support has been determined. Now, once the divorce is finalized, reality sets in and the day to day operating budget of the new family needs to be considered.

For many Texas couples, divorce is the appropriate option to settling their differences. However, a divorce will not solve every problem. Before, during and after the divorce, bills will need to be paid, the mortgage or rent will still needs to be paid and there will certainly be other unexpected expenses. An open, honest discussion regarding post-divorce finances will go a long way in keeping that light at the end of the tunnel shining brightly.

Source: The Huffington Post, "10 Small (But Crucial) Things Your Divorce Attorney Wishes You Knew", Amy Williams, Sept. 1, 2016

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