Many people begin divorce negotiations with the same goal. If they own a home with their spouse, they decide that they want the house when they divorce. After all, the marital home may represent years of investment. It may have a higher fair market value than any...
Divorce
Protecting retirement savings when dividing them during divorce
Navigating financial matters is often one of the most complicated elements of divorce. Divorcing spouses frequently disagree about how to share their resources and divide responsibility for their shared obligations, such as their credit card balances. Community...
Is the family business considered community property?
People may devote years of personal savings and countless hours of effort to establish or grow a business. Whether an entrepreneur starts a small retail shop or opens a professional practice after getting a degree, their business likely requires a lot of effort and...
Why people preparing for divorce often hire forensic accountants
Some people approach divorce with a perspective that doesn’t serve their well-being. They have many uncomfortable emotions that can prevent them from making rational decisions that prioritize their long-term goals and needs. For example, they may focus on getting the...
What is a valuation date for marital investments?
The more property that people share during marriage, the harder it tends to be when it becomes time to divide those assets during divorce. Contrary to what people often hear about community property rules, a straightforward 50/50 split of all marital property isn't...
Who gets “the season tickets” in a Texas divorce?
In Texas divorces, dividing assets can be a complex process, sometimes especially regarding non-traditional property like season tickets. Whether the issue involves tickets to professional sports games, concerts or theater performances, season tickets are often highly...
How therapy can help children after their parents divorce
For children, the divorce of their parents may be their first real traumatic experience. It can be difficult to watch their parents fighting. Even if the adults in the family do their best to shield their children from their conflicts, divorce can alter a child's...
How Property Division May Define Your Financial Future
The divorce process is always difficult. When couples decide to end their marriage, they face several challenges. One of them is property division. This is not only a matter of who gets the car or the house. It can redefine the stability and financial outlook of...
Taking the pressure off of children during a divorce
For children, the divorce of their parents can be a profoundly challenging experience. Divorce can be destabilizing for a family. It can shake a child's sense of self-esteem. It can also saddle them with a feeling of guilt, as it is common for children to blame...
What to know about retirement resources in a gray divorce
With people living longer than ever and enjoying higher standards of living, retirement is much more expensive than it once was. People need to save for years to afford retirement. Even then, they may be dependent on certain benefits programs. Many adults can only...