Category: Divorce Tips

Deferred Maintenance on the Primary Home or other Real Estate in Divorce

Divorce and Money, Divorce and Real Estate, Divorce Asset Division, Divorce Pitfalls, Divorce Tips, Financial Planning, Kitchen Table Divorce, Texas Divorce

A post divorce prospective client, Linda*, called me last week.  She signed her divorce decree over a year earlier and is now trying to divide property and accounts. Linda was awarded the home and previously unidentified expenses have come up.  She may have to sell the home as is, at a reduced value.  Likely proceeds … Continue reading Deferred Maintenance on the Primary Home or other Real Estate in Divorce →

Collaborative, Mediation, or Litigation: Which Divorce Process Will Work for You?

Divorce Process, Divorce Tips, Financial Planning, Mediation, Texas 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? →

How to Solve the Mortgage Problem in Divorce

Divorce and Real Estate, Divorce Pitfalls, Divorce Tips, Financial Planning

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 →

Taxes and Divorce: It’s NOT “All About that Bass”. It’s All About that BASIS – that Cost Basis

Division of Assets, Divorce Pitfalls, Divorce Tips, Financial Planning, Investing

Although often ignored, the cost basis in taxable accounts and for property is critical to a long term efficient asset division in divorce. What is cost basis?  Cost basis, sometimes referred to as just ‘basis’ or ‘tax basis’, is generally the original cost (purchase price) of a stock, bond, mutual fund, other financial security or … Continue reading Taxes and Divorce: It’s NOT “All About that Bass”. It’s All About that BASIS – that Cost Basis →