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Financial woes contribute to a wealthy divorce too

It is often said that money can't buy happiness. As it turns out, there is some truth to that when it comes to marriage lasting or not in Texas. While it is no surprise that money is cited as one of the worst stressors in a marriage, it is not only an issue between couples who are struggling to manage a budget. Those in higher income brackets may spend more and save less, contributing to the likelihood of a divorce.

Couples who agree on financial matters and have similar credit scores have a strong likelihood of staying married for the long term. Trouble begins when credit scores and financial philosophies differ. In particular, this can be an issue among the very wealthy. High earners do not necessarily save for the future. Maintaining a lifestyle can be expensive and a significant number of couples with multi-million dollar incomes have no significant savings.

While gender roles are changing, the traditional roles are still prevalent. In many high income marriages only one partner works outside the home, and this financial discrepancy can be the cause of problems. Another stressor can be caused by a lot of time spent apart. High earners frequently work long hours and may also travel extensively. Absence is no guarantee of the heart growing fonder.

Couples who decide to marry seldom go into that commitment expecting to divorce. Many facets of a marriage will change over time in Texas; some will make the relationship stronger and some will make it weaker. Financial issues are certainly among the latter. A person in Texas who is considering one's options may get some clarity by seeking advice from a lawyer experienced in family law.

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Vernier & Associates, PLLC Vernier & Associates, PLLC

Vernier & Associates, PLLC
2441 High Timbers Drive Suite 110
The Woodlands, TX 77380

Phone: 281-882-3271
Fax: 832-585-0955

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