If you're a business owner who's considering divorce in Texas, be prepared for high-asset property division. This can be a costly process, both emotionally and financially, but it's also something you can do successfully. Why is divorce costly for business owners?...
Divorce
How mental health conditions may impact a divorce case
Among the issues that impact the deterioration of a marriage, mental illness is a common circumstance. According to the National Institute of Mental Health, mental health conditions affect one in five adults in the United States. With these odds, both moderate and...
Tips for high-asset couples during the property division process
Significant assets and high income can complicate a divorce, even an amicable one. You and your spouse will need to factor in many considerations that other couples do not. These tips can help you reach a successful and fair outcome during the Texas property division...
How to report alimony payments on your taxes
For couples in Texas who have been through a divorce or are about to get divorced, understanding how alimony interacts with taxes is important. The alimony tax rules have changed and are scheduled to change again, and this will have a major impact on taxes for both...
Men and women experience divorce differently
Though divorce involves both spouses, men and women experience the situation differently. And as some Texas residents discover, this can affect the divorce process itself, as it can contribute to the tension and conflict that are already present. Mental health and...
How to avoid common financial mistakes in a divorce
If you are going through a divorce in Texas, protecting yourself financially is imperative. There are a number of mistakes you should be aware of so that you can avoid them. Financial information First, it is important to understand your rights and obligations. While...
What is a divorce coach and what role do they play?
Couples going through a divorce in Texas might have serious concerns and questions. A divorce coach might be appropriate based on the situation. What is a divorce coach? Divorce coaches have mental health training. They are skilled in various areas concerning divorces...
Financial issues in a divorce
Property division issues are usually among the most contentious in a Texas divorce, even though the jurisdiction is a community property state. Nonetheless, divorcing couples must still deal with a number of financial hurdles that they must cross to resolve the...
Claiming alimony payments on your tax return
Many Texas divorce cases involve alimony payments. Often, these payments are made from one spouse to the other because of a significant discrepancy in income post divorce. Alimony may be temporary, rehabilitative or permanent. Whatever the case may be, any alimony...
What does a CDFA do for couples in Texas?
Not many people who have gone through a divorce in Texas have heard of Certified Divorce Financial Analysts, or CDFAs. This specialized service can help couples get their finances in order and prepare for life after divorce. Why hire a CDFA? Certified Divorce...