The tax reform act that when into effect January 1, 2018, has had a significant impact on all Americans, including all divorcing couples, especially wealthier couples with significant assets. This article from the N.Y. Times recommends such divorcing couples consider 4 strategies, some new, some have always been good advice for everyone:
Over the past two years, the Texas legislature has amended several provisions of the Texas Family Code related to spousal maintenance in divorce. Understanding these new spousal maintenance provisions and whether a spouse in a divorce may benefit from them is essential to proceeding with a claim for (or a defense against) spousal maintenance.
Because the divorce process is unfamiliar to most people, the terminology can be daunting. Some terms are unfamiliar, some are often misunderstood. Our firm believes it is important our clients fully comprehend the key elements and language of divorce. The following is a glossary of terms and phrases related to divorce and the divorce process.
Over the past 15 years, our family law practice has handled divorces from teenagers to couples in their 90s. In general, we have seen a trend towards older divorces which is more or less aligned with national trends.
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 judgment, even if normally financially astute. Before taking any financial actions while considering divorce, consult with your attorney. Your emotions many have already clouded your financial judgment. Contact us with questions