There are a few financial matters that Texas couples going through a divorce should not overlook before they agree to a settlement. This is particularly true when one of the spouses has not been involved in the family finances. During a divorce, one of the first things that spouses need to analyze is their future projected cash flow needs to identify which properties and assets are the most beneficial for their situation. For example, if their financial standing is unstable and they need immediate cash flow, they should try to secure mutual funds, stocks, bonds and other liquid accounts that can be sold quickly and easily.
Divorcing spouses also do not want to overlook digital property, such as computers, phones and tablets. These items have emotional value and may need to be included in the divorce settlement to ensure that they can be accessed with the right passwords. Retirement asset division needs to be addressed, and employer-sponsored retirement plans will need to be the subject of a qualified domestic relations order if they will be transferred or divided.