When couples own a primary residence and rental properties one idea for asset division is for one spouse to stay in the primary residence and for the other to move to one of the couples’ rental homes. While this is convenient, the tax costs should be considered when valuing the properties. Section 121 IRS rules … Continue reading Converting Rental to Primary Property in Divorce
Last week I attended an eye opening event – the Annual Conference for Collaborative Divorce Texas. I had the pleasure of listening to top Texas collaborative professionals (including several from Austin). More importantly, I had the opportunity to listen to a panel of three divorced couples discuss the pros and cons of their own collaborative … Continue reading Collaborative, Mediation, or Litigation: Which Divorce Process Will Work for You?
A “Kitchen Table” divorce congers up an image of a couple sitting down over a cup of coffee to divide what they have and what they owe in a manner that works for both parties going forward. They competently agree to the terms, split up, shake hands and move on with their lives without ever having to … Continue reading A “Kitchen Table” Divorce That Just Might Work
Experienced family law attorneys and Certified Divorce Financial Analysts™ (CDFAs) are ideal referral partners and more. CDFAs Build a Financial Picture CDFAs do the homework. We gather the tax returns and other financial documents that attorneys need. We know which additional documents will help get to the real picture. Then we organize financial information and provide … Continue reading Four Reasons Why Great Family Law Attorneys use Certified Divorce Financial Analysts®
The first rule of mortgages in divorce is to define and resolve each spouses financing goals before signing a final agreement. Although every situation is unique and mortgage qualification requirements change (often), it is always true that divorcing couples must plan ahead. Here’s what you need to know. Spouses who will depend on child and … Continue reading How to Solve the Mortgage Problem in Divorce