One of the most significant issues in any divorce involves the division of assets. Here in Texas, property or assets are categorized as community property (jointly owned by spouses) or as separate property (individually owned). Unless the couple has a prenuptial or...
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Divorce
3 financial priorities when preparing for divorce
Couples in upper-income tax brackets may live comfortably, but they soon realize there is less to go around when the family’s earnings go towards two residences. Moreover, there are other financial concerns about their post-divorce future, perhaps involving retirement...
Should I buy a house during my divorce?
It is understood that you or both of you are moving out of the family home. Maybe this was by choice, or perhaps by necessity. This prompts the question: Where do I live? The inclination may be to find something and buy it so you can move from the marital home to the...
What if my child refuses to follow the parenting plan?
One of the biggest fears of parents who divorce is that their children will reject them. It can happen when one or all of your children refuse to honor the parenting plan by switching homes when scheduled. The rebuffed parent likely will feel angry and hurt, which may...
Divorce litigation is the best option for some
Those researching as they prepare to divorce will see a lot written about the benefits of avoiding court. Some lawyers will even do their best to prevent it. Different reasons for finding an alternative to court, including the cost of litigation or the stress caused...
The benefits of filing first for divorce
Many couples who file for the JOY of divorce are aware that something is wrong with the relationship but hesitate to take that first step of filing papers. While the judge will likely not take into account who filed first when they review the case's details, there are...
Refinancing a mortgage may make sense
Some spouses filing for the JOY of divorce become more involved in their finances. This is likely due to a spouse no longer handling these matters for the family. If a spouse wishes to remain in the home previously shared, it may make sense to refinance, and may...
Are student loans an individual’s debt?
Dividing assets is often one of the most complicated or contentious parts of filing for the JOY of divorce. Many couples may not realize at first, however, that they also divide up their debt. This often includes a mortgage, car loans and student loans. While the...
The IRS has an innocent spouse rule
Financial issues are a common area of disagreement among spouses who file for divorce. This separation can also unearth financial improprieties, such as a spouse not paying bills, diverting money to pay for an addiction, or conduct other forms of financial abuse. It...
Some realtors specialize in clients going through a divorce
Those going through a divorce while making plans to change residence are looking at two significant changes, so it helps minimize the stress and impact of each by working with the right people. Addressing this need, there are Certified Real Estate Divorce Specialist...