Who Will Make Financial Decisions For You If You Become Incapacitated? If you have a durable power of attorney, your spouse’s right to make financial decisions for you under the durable power of attorney is not revoked by filing for divorce. If this is not what you desire, you should revoke the present durable power of attorney, and name another person as your agent to make financial decisions … [Read more...]
Should You Buy a House Before the Divorce is Final?
Some of us don’t have the option of buying a home during the process of divorce. Financial constraints prevent us from doing so. But, for the fortunate few who have the resources and can afford the down payment, mortgage payments, property taxes and upkeep, careful thought should be given to the decision. Best Advice — Refrain from Making Big Financial Decisions This stressful period during the … [Read more...]
Divorce with Children
by Amy G. Fearnow, J.D. When you divorce with children in Texas, child support will be a primary area of concern. Child support in Texas is determined by guidelines established in the Texas Family Code. When the obligor (or person paying child support) has monthly net revenues of $7500 or less, the court will presumptively apply the schedule listed below. In the case where the obligor has more … [Read more...]
Saving Your Marriage with Comprehensive Planning and Communication Coaching
Can you work through the issues analytically, while still addressing the underlying emotional issues? Sometimes a marriage is faltering due to lack of communication. And sometimes the family finances are the biggest problem for the two spouses. Do both parties have equal knowledge and access to the financial documents and accounts? Is there a large disparity in the earnings that has created a … [Read more...]