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Patricia Barrett CFP CDFA

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You are here: Home / Archives for Articles / Divorce FAQs

Divorce FAQs

We have a section of our website that is devoted to questions that divorcing spouses come to before, during, and sometimes after a divorce. It is helpful to review these in hopes of avoiding devastating or traumatic turns in the path to a new life.

Frequently Asked Questions About Divorce Financial Planning

May 11, 2020 By Patricia Barrett

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...]

Filed Under: Articles, Divorce FAQs Tagged With: divorce finances, divorce financial analyst, divorce financial planning, divorce in Texas

Important Divorce Questions to Ask Before One Files

May 18, 2017 By Patricia Barrett

When separating from a spouse, many couples have a lot of divorce questions. Separating is not as “simple” as it used to be with laws, taxes, children, households, and other things to consider before breaking those ties that bind. No one wants to think about such a final ending to a once romantic, blissful relationship. However, when things happen that reconciliation is not possible, knowing some … [Read more...]

Filed Under: Articles, Divorce FAQs

Divorce Terminology

May 18, 2017 By Patricia Barrett

Citation: When a respondent refuses to sign a waiver, a citation is issued giving them notice of the petition and demanding a response within 20 days. Collaborative Divorce: Is comprised of a series of meetings with the emphasis on negotiation and mediation to arrive at an amicable settlement. If no mutual settlement can be reached the collaborative process is abandoned, the attorneys resign … [Read more...]

Filed Under: Articles, Divorce FAQs

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Disclaimer

Information provided in this website is not meant to be construed as legal advice and does not necessarily predict decisions that will eventually be made by a court of law. It is strongly recommended that you consult competent legal advice if your divorce includes children or property issues.

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