For many parents preparing for divorce, the impact on their relationship with their children is their biggest concern. They worry that the children may grow to resent them for choosing to divorce or contributing to a spouse's decision to file. Others may worry that...
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Month: October 2024
How can a forensic accountant help during divorce?
People generally realize that they require the assistance of professionals during the divorce process. Spouses typically require individual representation from experienced family law attorneys. Sometimes they may bring in additional support from professionals such as...
3 types of assets that are separate property in a Texas divorce
The property that people own during marriage typically falls into two main categories. The vast majority of assets acquired during a marriage are likely marital property that may be subject to community property rules if the couple divorces. However, some resources...
What happens to retirement savings in a Texas divorce?
Retirement savings accounts like 401(k)s often carry emotional significance for the workers who fund them. They may view the account balance as an indicator of their personal responsibility, as they deferred short-term pleasures to contribute to the account throughout...
Financial misconduct is common before and during divorce
Divorce is almost always a stressful process, but the choices that spouses make can make it that much worse. The average person is not likely on their best behavior during divorce proceedings. Instead, their intense emotions may lead them to engage in conduct that is...
Business valuation is often a challenging concern of modern divorce
Those preparing for a complex divorce typically have numerous property division matters to resolve with their spouse. Higher-value assets can very easily lead to more intense disputes and more challenges when settling property division matters. Few assets are more...
How a CDFA can help with divorce negotiations
Most divorces in Texas are challenging, but they can be incredibly stressful if a couple needs to split considerable assets accumulated during their marriage. Enlisting the help of a Certified Divorce Financial Analyst {CDFA) can make the process less stressful as...
Moving on after a divorce later in life
A divorce can have a significant impact on your financial and emotional health. These impacts may be heightened if you get a divorce after the age of 55, but there are actions that you can take to rebuild your life. For instance, you can focus on hobbies that you...
Ways to divorce-proof your Texas business
Becoming business partners with your spouse can possibly result in success. But what happens to the business if the marriage doesn’t work? Texas has a 10.5% divorce rate, as of 2023, according to Divorce.com. A business owner might want to consider that divorce is...
Three tips to remember when co-parenting a special needs child
Not every marriage between a Texas couple lasts forever. When a divorce is on the horizon, parents must get on the same page about their children's welfare. Understanding how to co-parent a special needs child is challenging but easier when you know what to do....