Category: Taxes and Divorce
Alimony in Texas: What You Need to Know
We work with your attorney provide the analysis needed provide weight and credibility to your case for or against the provision of spousal support. The presumption by the court in Texas is against spousal support, otherwise known as alimony. In order for the court to agree to grant spousal support, the spouse seeking support will … Continue reading Alimony in Texas: What You Need to Know
Financial Life after Divorce – Armageddon or Nirvana
You signed the settlement agreement but you’re not settled yet. There’s still lots to do! You need to divide accounts, change insurance or beneficiaries, get a new estate plan and for some of you, move out of the house! Many people get hung up at this point, pondering “What will my life be like now?” … Continue reading Financial Life after Divorce – Armageddon or Nirvana
The Most Important Part of the Tax Return
My Today’s Alerts series highlights ideas generated in my divorce financial advisory practice. When I look at a tax return I’m generally looking for previously unidentified income streams, accounts, businesses, and property. One thing I don’t want you to miss is found in the taxes and refunds section. Refunds can be applied to taxes next year. In divorce, this is … Continue reading The Most Important Part of the Tax Return
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
Strategic Ideas for Allocating Investment Accounts between Divorcing Couples
Robertson Stephens Wealth Management and Divorce Planning of Austin work with clients to execute the division of joint or individual brokerage accounts, IRAs, Roth IRAs, SEP, pensions, and other retirement accounts. When asked to execute a division as described in a divorce settlement agreement, the instructions to the custodian of the account (Fidelity, Schwab etc.) … Continue reading Strategic Ideas for Allocating Investment Accounts between Divorcing Couples