Texas residents who are contemplating a divorce would do well to plan ahead so that they suffer less financial recovery time after their divorce is final. Being proactive at the outset can help minimize the potentially negative financial impacts the end of a marriage may bring.
Texas residents should be aware of the warning signs of financial fraud in a marriage. This type of activity most commonly occurs when family assets and income are intentionally misrepresented or hidden from the other spouse. This can lead to an unfair division of assets during the divorce in which one spouse does not receive the property to which they are entitled. Concealment is one of the elements that separate fraud from a simple financial mistake.