Texas parents both have the legal responsibility to financially provide for their children after divorce. Child support orders generally reflect the circumstances that were present at the time that the divorce was final, but time can bring significant financial changes to one or both parents.
Texas law requires divorcing spouses to fully disclose their financial standing. This is so the courts can divide the marital property fairly. However, this law does not prevent individuals from trying to deceive their spouses by misrepresenting their incomes or hiding assets.
Divorce rates are going up quickly for baby boomers, having doubled between 1990 and 2014 for adults over 50 and tripled for adults over 65. Although baby boomers who are going through divorces do not generally have to worry about child custody issues, they have to deal with other issues that are not a problem for younger couples. One of these involves figuring out how to divide up retirement accounts.
There is a great deal of misinformation out there about what exactly an uncontested divorce is. Here are 5 of the most persistent myths and the truth behind them: