Avoiding the Prisoner’s Dilemma in Divorce

Both Bill and Sarah want an amicable divorce, but neither dares to cooperate out of fear that the other will act selfishly and they’ll be left with nothing. This is known as a “prisoner’s dilemma.” The prisoner’s dilemma is a scenario that illustrates a paradox of cooperation. Two purely “rational” individuals might not cooperate, even if it appears that it is in their best interest due to the fear that the other will act selfishly. As a result, they both lose.

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Divorce Can Derail Retirement Planning

An individual who is divorcing may seek the services of a financial planner during the divorce to assure that financial assets are divided evenly and after the divorce to help create a new financial plan that matches the individual’s post-divorce living situation. If the post-divorce financial picture is bleak, the individual may have to make spending reductions in other areas in order to ensure adequate income at retirement.

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Service of Process Using Facebook

Texans may want to learn about recent court rulings in New York in which people were allowed to serve the respondents with documents via Facebook in their family law cases. The rulings reflect the fact that the judicial system is beginning to catch up with the world of social media and its ubiquitous nature.

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Texas Child Support Payments Affect More Than Just Kids

In the state of Texas, child support enforcement falls to the state attorney general’s office. In 2013, Texas noncustodial parents owed nearly $11 billion in child support in arrears to custodial parents, representing a loss of almost 40 percent to custodial mothers’ household income. Child support payments help reduce the number of single and divorced mothers living below the federal poverty line by 25 percent.

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Texas Couples Considering Divorce Mediation

Couples in the early stages of separation or divorce may want to consider the mediation process. While mediation may not be appropriate in certain divorce situations, in a vast number of proceedings, mediation can be a cost-effective and less emotionally draining option. In some situations, couples may use a blended approach where certain issues such as asset division are mediated. Other issues such as child and spousal support are determined in a more formal court proceeding.

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Understanding Child Support Calculations in Texas

Parents in Texas may be interested in learning more about what factors help guide the calculations used to determine the size of the child support payments ordered by a family judge. Child support may be described at the state’s attempt to ensure that children of single-parent households are provided with financial stability. Each parent has a legal obligation to financially support their child until the age of 18, high school graduation, marriage, death or emancipation.

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