As we continue to grapple with the COVID-19 pandemic and its grip on our nation, couples facing divorce have hit a road block as many family courts have been closed during the lockdown. While Texas family courts are just beginning to open up electronically, cases in the queue are backing up rapidly. In addition, family law firms and staffs are still scrambling to stay operational during the … [Read more...]
Archives for May 2020
Frequently Asked Questions About Divorce Financial Planning
Q: Am I responsible for my spouse’s debts even when I had nothing to do with the charges? A: Debts from before marriage are a person’s separate debt and you wouldn’t be liable; however, if the debt was incurred during the marriage in order to provide necessities like clothing, food, etc. then you too are liable. Read more on divorce and debt, here. Q: Is my IRA community property even though it … [Read more...]