Texas divorce courts do not simply divide community property 50-50. Instead, Texas law provides that community property is split according to what the judge deems “just and right.” In other words, division of property must be fair and equitable. Community property...
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Divorce – Financial Issues
Divorce and the Management of Tax-Favored Retirement Accounts (cont’d. IRA)
In a divorce, you don't need a QDRO to divide up an IRA between you and your soon-to-be ex without dire tax consequences. You can simply arrange for a tax-free rollover of money from your IRA into an IRA set up in your ex's name. Then your ex can manage the rollover...
Divorce and the Management of Tax-Favored Retirement Accounts
If you are getting a divorce, and have a qualified retirement plan at work-such as a 401(k) plan-or a self-employed or small-business retirement program, such as a simplified employee pension plan (SEP). You'll probably have to divide up your retirement account (or...
The Top 10 Financial Mistakes To Avoid During Divorce
Here is an article from Nolo which addresses financial mistakes to avoid in divorce. There are many such lists but I find this one particularly useful. Divorce can cause stress and anxiety and research has shown that stress and anxiety can seriously affect one's...
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