Lifetime Planning

Patricia Barrett CFP CDFA

832-858-0099

  • About Us
    • Getting Started
    • Summary of Divorce Services
    • Frequently Asked Questions About Divorce Financial Planning
    • Testimonials
  • Cooperative Mediation
    • Cooperative Divorce Mediation
    • How Texas Mediation Works
    • Divorce Mediation Articles
  • Divorce Financial Planning
    • Our Approach to Divorce Financial Planning
    • Community Property
    • Separate Property
    • Long Term Planning
    • Financial Planning Articles / Case Studies
  • Collaborative Divorce
    • Collaborative Divorce
    • How Collaborative Divorce Works
    • How We Help
    • Collaborative Divorce Articles
  • Events
  • Blog
  • Contact Us
You are here: Home / Archives for Articles / Women's Issues for Divorce

Women's Issues for Divorce

There are many issues that women need to be especially attentive to during a divorce. Many women are not familiar with their family’s finances and may not be well positioned to deal with financial matters on their own. Credit may be in the name of the husband, so a wife may be in a position where she has no credit rating in her own name. Bank accounts and the money in them may suddenly become inaccessible. Family income may have been provided solely by the husband and the wife may have been out of the job market for years, or never in it, and may not have current skills or the ability to provide family support on her own.

If children are involved, it is more common that primary responsibility for their care will reside with the wife. This raises many issues of financial responsibility as well as requirements for sharing decision-making authority about important health, education, and social issues.

All these are very important matters, and professional assistance in addressing them can be critical to a suitable outcome. Read about the steps to take to prepare for divorce before going any further. Patricia is qualified and experienced in helping with these things.

How a Certified Divorce Financial Analyst can help you

June 30, 2020 By Patricia Barrett

How a Certified Divorce Financial Analyst can help you

It’s often difficult for individuals and couples to fully understand how a Certified Divorce Financial Analyst (CDFA) can assist them in their divorce process. So, I am developing a series of case studies that illustrate how I’ve helped my clients achieve their goals and reach a divorce settlement they are satisfied with.  This divorce case included a prenup, lots of separate property … [Read more...]

Filed Under: Blog, Financial Planning, Financial Planning Articles, Women's Issues for Divorce Tagged With: bonuses and divorce, divorce finances, divorce financial planning, divorce in Texas, divorce prenups, executive compensation benefits and divorce, stock options and divorce, tracing financial accounts in divorces

Address health insurance in divorce settlement

February 5, 2020 By Patricia Barrett

Address health insurance in divorce settlement

Health insurance is the most important kind of insurance coverage a person carries. There are more bankruptcies because of medical bills than from any other cause.   This is an extremely important financial issue for couples facing divorce. Securing health insurance coverage for both spouses, and any children, is clearly something that should be included in a divorce … [Read more...]

Filed Under: Blog, Financial Planning Articles, Women's Issues for Divorce Tagged With: divorce financial planning, divorce in Texas, Divorce Planning, divorce settlement, health insurance and divorce

Long-term care insurance and divorce

September 17, 2019 By Patricia Barrett

Long-term care insurance and divorce

Being financially prepared for the possibility that you could require long-term care is an important part of retirement planning. Yet, too many people hope for the best and don’t give this much thought. Our rapidly aging population, lengthening longevity and unpredictable health care costs highlight the need for long-term care insurance. So, couples getting a divorce, especially those approaching … [Read more...]

Filed Under: Blog, Financial Planning Articles, Uncategorized, Women's Issues for Divorce Tagged With: divorce and health insurance, divorce and long-term care, divorce financial planning, divorce in Texas, Divorce Planning, divorce settlement

What happens to the family home in a divorce?

May 24, 2019 By Patricia Barrett

What happens to the family home in a divorce?

The question of what happens to “the house” in a divorce is often one that requires careful consideration. In my experience, this issue is often clouded by emotions that can get in the way of the couple, or one spouse, making the best financial decision. I advise my clients to pause, set aside emotions and objectively consider all the significant, interrelated factors before deciding on what … [Read more...]

Filed Under: Articles, Blog, Divorce Planning, Divorce Planning, Financial Planning, Financial Planning Articles, Women's Issues for Divorce Tagged With: divorce finances, divorce financial analyst, divorce financial planning, divorce in Texas, divorce settlements

Is your spouse hiding assets, income or debt?

January 7, 2019 By Patricia Barrett

Is your spouse hiding assets, income or debt?

I If you are currently in a dysfunctional marriage, or considering divorce, you may be wondering if your spouse could be hiding assets, income or debts from you. Sadly, your fears are not that unusual. In fact, financial mischief is fairly widespread among couples today, even if they are not in the process of divorce.  According to a study conducted by The National Endowment for … [Read more...]

Filed Under: Blog, Divorce Planning, Divorce Planning, Financial Planning, Women's Issues for Divorce Tagged With: divorce finances, divorce financial planning, divorce in Texas, hidden assets in a divorce

Five proven benefits of gratitude — even if you are going through divorce

November 21, 2018 By Patricia Barrett

Five proven benefits of gratitude — even if you are going through divorce

Facing difficult life challenges, such as going through a divorce, may not seem like a logical time to be thankful. Yet studies have shown that cultivating gratitude, even when the chips are down, can have profound impact on our health -- for the better. Gratitude improves physical health. A 2012 study published in Personality and Individual Differences found that grateful people exercise … [Read more...]

Filed Under: Blog, Divorce Planning, Divorce Planning, Women's Issues for Divorce Tagged With: dealing with divorce, divorce in Texas, Divorce Planning, handling stress of divorce, preparing for divorce

Don’t forget these marital assets in your divorce

September 11, 2018 By Patricia Barrett

Don’t forget these marital assets in your divorce

Often, many of the women I work with on their divorce finances know very little, sometimes nothing, about their marital assets (or liabilities for that matter). This is gradually changing, but surprisingly, still exists. Maybe the husband has simply kept the information largely to himself, or the wife doesn't feel she understands finances like she should, so leaves it up to her spouse, or she … [Read more...]

Filed Under: Articles, Blog, Divorce Planning, Divorce Planning, Financial Planning, Financial Planning Articles, Women's Issues for Divorce Tagged With: certified divorce financial analyst, dividing pensions in divorce, divorce finances, divorce financial planning, Divorce Planning, preparing for divorce, Texas divorce

Divorce and employer bonuses

August 20, 2018 By Patricia Barrett

Divorce and employer bonuses

An often overlooked asset that should be legally divided in a divorce settlement is the company or employer bonus. Many attorneys forget to address the community nature of such bonuses. Even if they are paid in the year following divorce, company bonuses are partially community property. Bonuses are paid for the preceding year’s services or performance. The settlement agreement or divorce … [Read more...]

Filed Under: Articles, Blog, Divorce Planning, Divorce Planning, Estate Planning, Financial Planning, Financial Planning Articles, Women's Issues for Divorce Tagged With: certified divorce financial analyst, divorce finances, divorce financial planning, divorce in Texas, Divorce Planning, employer bonuses and divorce

Ten facts about divorce that may surprise you

June 29, 2018 By Patricia Barrett

Ten facts about divorce that may surprise you

Myths about divorce abound. For one thing, divorce laws vary from state to state. So, quite often, people are confused due to what they have heard about celebrity divorces, or a friend or family member's divorce in another state. To help bridge this knowledge gap, I have compiled a list of ten facts about divorce that may surprise you. You may be responsible for debts incurred by your spouse … [Read more...]

Filed Under: Articles, Blog, Divorce Mediation, Divorce Planning, Divorce Planning, Financial Planning, Financial Planning Articles, Women's Issues for Divorce Tagged With: certified divorce financial analyst, divorce finances, divorce financial planning, divorce in Texas, divorce mediation, preparing for divorce

Divorce and long-term care insurance

May 18, 2018 By Patricia Barrett

Being financially prepared for the possibility that you could require long-term care is an important part of retirement planning. Yet, too many people hope for the best and don't give this much thought. Our rapidly aging population, lengthening longevity and unpredictable health care costs highlight the need for long-term care insurance. So, couples getting a divorce, especially those approaching … [Read more...]

Filed Under: Blog, Divorce Planning, Divorce Planning, Estate Planning, Financial Planning, Financial Planning Articles, Women's Issues for Divorce Tagged With: divorce and insurance, divorce and retirement, divorce finances, divorce in Texas, divorce settlement, Houston divorce, preparing for divorce

  • 1
  • 2
  • Next Page »

Lifetime Planning, LLC

Phone: 832-858-0099

  • Email
  • Facebook
  • LinkedIn

Areas Served:

Cities

The Woodlands
Alvin
Baytown
Clear Lake
Conroe
Cypress
Dayton
Downtown Houston
Fairfax
Fort Bend
Friendswood
Galveston
Hockley
Houston Heights
Humble
Jersey Village
Katy
Kemah
Kingwood
La Marque
League City
Magnolia
Memorial
Midtown
Missouri City
Montrose
Pasadena
Pearland
River Oaks
Shenandoah
Sienna Plantation
South Houston
Spring Valley
Spring
Sugar Land
Texas City
Tomball
Victoria
West University
Also serving all Texas cities working by email, phone, and fax.

Counties:

Harris
Montgomery
Liberty
Chambers
Galveston
Brazoria
Fort Bend
Waller

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.

Copyright © 2023 Patricia Barrett CFP CDFA · All Rights Reserved

· · ·

Log in