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Patricia Barrett CFP CDFA

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You are here: Home / Archives for divorce

Four Ways to Get Divorced, Part 2 — Early Intervention or Cooperative Divorce Mediation

October 24, 2017 By Patricia Barrett

Traditional divorce and child custody processes are predominately adversarial in nature. In a typical "war-of-the-roses" divorce scenario, spouses each hire an attorney, and then a variety of expert consultants enter the fray on both sides to produce "dueling" business evaluations, financial analyses and/or custody evaluations. This type of divorce can go on for many months or even years, … [Read more...]

Filed Under: Divorce Mediation, Divorce Planning, Divorce Planning, Financial Planning, Financial Planning Articles Tagged With: cooperative divorce, divorce, divorce financial planning, divorce mediation, Divorce Planning

The five most common myths regarding divorce finances in Texas

May 17, 2017 By Patricia Barrett

1. Myth: Assets are always divided 50/50 Fact: Texas divorce law does not support the common belief of splitting marital assets 50/50 The State of Texas requires a “just and equitable” division of property. A 50/50 settlement is rarely appropriate and should never be implemented without expert advice, and ideally, using an analysis of the situation by a Certified Divorce Financial Analyst. … [Read more...]

Filed Under: Blog, Divorce Planning, Financial Planning Tagged With: alimony in Texas, certified divorce financial analyst, divorce, divorce finance, home value in divorce

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Four ways to get divorced in Texas, part 4 — traditional litigation

As I understand it, less than five percent of divorces in Harris County, Texas, actually go to court where a judge makes the final decision. This is likely because in most family law courts in Texas, … [Read More...]

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