Kubinski & Nichols, P.C.
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November 2016 Archives

Experts try to explain divorce decline

Divorce rates are on the decline, but any particular married couple in El Paso still has a roughly 50/50 chance of seeing their relationship end in a separation. According to Bowling Green State University's National Center for Family & Marriage Research, marriages are on the rise as well. However, there is not necessarily a correlation between the divorce and marriage statistics.

Are prenuptial agreements worth doing for a second marriage?

Most likely, yes. According to the Pew Research Center, 40 percent of marriages now include one partner who was previously wed. The big difference between your first and second marriages? You'll likely start this one with kids already in the picture. That changes a lot of things, no matter whether the children are in preschool or high school.

Community property and student loans

Many couples do not consider the impacts of debt on a marriage and divorce situation. It is important to understand that debts accrued during a marriage are treated the same way as property. This means that they are subject to division. In a community property state like Texas, marital debt will in general be split evenly between both spouses by the court regardless of the type of debt or who may have benefited from it.

Does child support cover these 5 common expenses?

Many parents in Texas may be surprised to learn what child support does and does not cover. Whether you are expecting to receive or pay child support, it is important to plan ahead financially. Although individual cases vary, here is a look at several expenses that may or may not fall under the scope of court-ordered support.

How divorce can affect retirement

El Paso couples over the age of 50 who are ending their marriages may face a greater risk of poverty than people who have never been divorced. One study found that almost 20 percent of people who divorced after the age of 50 lived in poverty after the age of 62 compared to less than 4 percent of never-divorced people.

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El Paso, TX 79935

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