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Retirement savings and divorce in Houston

Houston area residents who are thinking about a divorce know how complicated the divorce can be. Divorce is a highly emotional and traumatic time for everyone. It can be hard to think about anything except for the mental strain that a divorce can produce. But the property division of assets portion of the divorce is one of the most important. A person needs to make sure they understand the complex property division and keep in mind how they will be able to afford retirement.

Retirement savings is something that so many financial experts talk about. In the United States a high percentage of couples do not have adequate retirement savings and have no idea how they will maintain their lifestyle when they retire. Many times in relationships one of the spouses becomes the person who takes on retirement savings for the couple. In those instances the person who hasn't been involved in retirement savings can be in trouble if a divorce occurs.

It is important for both spouses to know what is going on with the family finances. If one person holds all the information in retirement accounts it can really hurt the other spouse. A person should work on learning everything about their finances including the retirement accounts and how they're being funded, what they're invested in and so on.

A legal professional skilled in divorce can help a person navigate the complex property division a divorce can bring. It is important for everyone to make sure they are saving enough for retirement so that they can have a comfortable future.

Source: Forbes, "Divorcing women: How much do you know about your husband's retirement?", Jeff Landers, July 29, 2015

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Attorney Christine K. Lincoln

Christine K. Lincoln offers sound counsel and legal services to protect clients and their families facing divorce and other family disputes.

She will take the time to understand your individual needs and develop a comprehensive solution to protect your rights and interests.

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