Category: Financial Planning
Business Valuation in Divorce: A Very Quick Primer
Bill owns a business called Clean Wipers, Inc. that sells unique, high quality windshield wipers to luxury car companies and car owners. Bill and his wife Brenda decide to divorce. Bill tells Brenda he takes an $80,000 salary from the business each year and that he’s thought about selling the business recently because sales were … Continue reading Business Valuation in Divorce: A Very Quick Primer
Frightening mistruths about prenups
Many of us love a good scare from time to time. If we didn’t, there wouldn’t be hundreds of horror films making people in movie land rich. Being scared connects us to some powerful primal instincts. We want to run, hide, cower and scream. In the theatre, those feelings are fun. But we should be … Continue reading Frightening mistruths about prenups
Navigating Pre and Post Marital Contracts
My Today’s Alerts series highlights ideas generated in my divorce financial advisory practice. Your intended or new spouse asks you to sign his or her pre or post marital agreement. You trust your new partner don’t you? He or she has your interests at heart, after all. So, just sign it and move on. But what will … Continue reading Navigating Pre and Post Marital Contracts
A House Divided: Your Home in Divorce
For most couples, the family residence is one of their largest assets. In divorce, the family home is treated like any other asset, but it is an asset unlike any other. The family home isn’t easily divided. Budgetary concerns and tax issues coupled with emotional ties to the home can lead to catastrophic financial outcomes. … Continue reading A House Divided: Your Home in Divorce
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