Getting through the dissolution of a marriage in Texas can feel like a harrowing feat. However, once the dust has settled, the uneasy feeling that one experiences during the process may not necessarily go away after the divorce has been finalized. A couple of tips may help individuals to navigate the aftermath of a marital breakup.
First, ensuring that all legal matters are settled is paramount. For instance, two divorced spouses may have an order to equalize or divide retirement accounts. To achieve this, they must make sure that their qualified domestic relations order, or QDRO, has been prepared and is implemented accordingly. A common misconception when it comes to retirement accounts is that once a judge has signed a QDRO, nothing else has to be done. This, of course, could not be farther from the truth.
Second, reassessing one’s finances as soon as possible following divorce is critical. An important part of this is planning a budget for the next year at least. Without a budget, managing one’s cash and other assets responsibly in the short term may prove challenging.
The financial challenges that come with divorce can naturally leave a spouse feeling overwhelmed and confused. Unfortunately, making the wrong financial decisions during the divorce process can have negative short- and long-term consequences. Fortunately, a qualified family law attorney in Texas can provide the guidance needed to make the most personally favorable decisions possible when it comes to dividing assets and addressing matters such as spousal support in a divorce proceeding.
Source: yourtango.com, “The Life After Divorce Checklist For Your Fresh Start At Happiness“, Erin Levine, Feb. 23, 2018