Blog

Divorce can be hard on children as well as their parents, but Texas parents can also conduct themselves in a way that eases the difficulty for their children. This mostly involves setting aside their own needs and emotions to focus on the child’s well-being. Although they may no longer be able to get along as a couple, they can still try to co-parent effectively.

Children need to be able to continue loving both of their parents, and they need to be reassured that nothing they did caused the divorce. They also need to be able to talk to each parent about the other parent without worrying about what kind of a reaction they will get. Parents should listen neutrally and should try to make space for the child as they would if the child were talking about any other family member or friend.

Holidays can be especially difficult for children. The best case scenario is for parents to spend them together, which takes the burden of having to go to two different celebrations. Eventually, parents will need to be in the same place for milestones like graduation and weddings. Parents should try to have similar rules between households even if they agree on little else. This can increase a child’s sense of stability.

People can lay the groundwork for a functional co-parenting relationship when they are going through the process of determining child custody in a divorce. This does not always mean having to go to litigation, which is an adversarial process. Parents may be able to negotiate an agreement with the assistance of their respective attorneys. In court, a judge makes a decision about child custody based on the best interests of the child, and parents should focus on this standard in negotiations as well.

Making the choice to end your marriage isn’t easy. If you decided to move forward with this step in 2020, it is probably after months or even years of difficulty and marital strife. You know that this road ahead can be long and complicated, but you can start taking steps now to prepare your finances for the process. 

Divorce will bring inevitable financial changes to your life, no matter how wealthy you are or what type of assets you and your spouse share. The choices you make today will impact you well into the future, which is one reason why thinking ahead and planning well can help you avoid complications and issues in the future. Preparation will lay the foundation for a strong and stable post-divorce future.

Paving the way for success

Every financial situation is different, and what you will need to do to be prepared for your divorce depends on the details of your individual situation and your objectives for the future. Some of the simple yet effective ways you can start looking ahead to get ready for a divorce in the coming months include: 

• It may be helpful to speak with a financial planner regarding your finances. This can give you a good look at what your prospects will be after divorce, how you can recover losses and how to rebuild retirement savings.
• One thing you may find beneficial is to look at your budget so you can start making spending habit adjustments. While it may not be immediately necessary to cut back, starting this process now can make it less painful during the divorce process.
• Another thing you can do is to start making a list of your assets. You will want to account for all of your property, accounts, assets and retirement savings. This can make it easier to fairly and equitably divide marital assets during your divorce.

The end of your marriage will change your life in various ways. Thankfully, it does not have to lead to complete financial devastation. When prepared, you will be able to make adjustments and plans that will allow you to better protect your interests when the time comes.

If you are planning to divorce in 2020, start getting ready now. One of the first steps you may want to take is to speak with an experienced Texas family law attorney regarding your rights and the appropriate way to proceed.