Going through a divorce in Texas is likely to alter the life of an individual in many ways that are not immediately obvious. Retirement planning and saving, for example, may be disrupted by the process. Those who are approaching or going through a divorce should consider post-divorce budgeting, review retirement assets and benefits and develop a financial strategy for the future.
When a non-custodial parent fails to make a child support payment on time, it could put a large strain on custodial parents and their kids. For the average single mother, child support payments made up 39 percent of her income, and child support payments reduced the poverty rate of single mothers by 25 percent. Of the $26 billion in child support that was distributed in 2013, $3,541,224,895 was given to children in the state of Texas.