Your Divorce: Six Essential Elements to a Smart Property Division
Identify Assets and Liabilities Gather the latest statements for your assets (investments, property, business interests) and liabilities (mortgages, credit card debt, auto loans, etc.). Divorce Planning of Austin uses these statements to prepare an initial list of property to be divided. Collect tax documents for at least the past three years. Reviewing tax returns helps uncover … Continue reading Your Divorce: Six Essential Elements to a Smart Property Division
Financial Intimidation in Divorce
It would certainly be ideal if all divorces were civil and conflict free. In reality, this is almost never the case. However, with proper planning your life after divorce can be productive, fulfilling and financially stable. Unfortunately some divorcing spouses, in the stress of the moment, manage to confuse money issues with emotional ones or … Continue reading Financial Intimidation in Divorce
Top Three Ways to Protect Your Retirement Assets in Divorce
During a divorce, retirement funds such as 401(k) accounts, IRAs and pensions are divisible between both parties. Divorce Planning of Austin assists clients to help them get the most from the retirement savings earned during the marriage. 1. Each retirement account has a different requirement for legal division. By engaging each plan’s administrator, we help … Continue reading Top Three Ways to Protect Your Retirement Assets in Divorce
Divorcing at Age 50 or More?
Divorcing at age 50 or more? You’re not alone. It turns out that more than 1 in 4 divorcing coupes were over 50 in 2011. And the numbers are expected to increase. Additional expected costs such as health care, caring for aging parents, college costs and increasingly more limited opportunities for work contribute to the … Continue reading Divorcing at Age 50 or More?
Top 10 Divorce Tips
1. Copy Your Records Before your divorce, be sure to make copies of all of your financial records. Keep them in a safe place away from your spouse. These records include, but are not limited to, personal and business income tax returns (last three years), business records, account statements from investment firms, banks, and pension … Continue reading Top 10 Divorce Tips