articles

Estimating medical expenses when you are no longer on your...

Financial Advisor

Insurance

posted September 26, 2018

When you go through your divorce, plan for post-divorce medical costs. There’s more to consider than just the monthly Health premiums.

September 2018 FOMC Meeting and Mortgage Interest Rates

Mortgage Banker

Rate Updates

posted September 25, 2018

Work with a Certified Divorce Lending Professional to understand how the upcoming meeting of the Federal Open Market Committee could affect mortgage interest rates

Trade wars, tariffs and the effect on mortgage interest rates

Mortgage Banker

Rate Updates

posted September 20, 2018

Work with a Certified Divorce Lending Professional to understand how the current trade war and tariffs effect mortgage interest rates

Estimating housing expenses for a new or existing house after...

Financial Advisor

Financial Lifestyle

posted September 19, 2018

With potentially a third of your income going toward your home expenses each month, it is important for you to start estimating what your current or future home will cost to maintain after divorce.

Interest Rate and Home Sales Update when considering Divorce

Mortgage Banker

Rate Updates

posted September 18, 2018

Work with a Certified Divorce Lending Professional to understand the correlation between home sales and interest rates

Turkey’s currency crisis and mortgage interest rates

Mortgage Banker

Rate Updates

posted September 13, 2018

Work with a Certified Divorce Lending Professional to understand how Turkey’s Credit Crisis effect mortgage rates in the United States

Using Financial Planning to Adjust your Financial goals...

Financial Advisor

Financial Goals & Planning

posted September 12, 2018

Working with a financial advisor during the divorce can provide you the insight on what you may or may not want to ask for in the divorce. Start the financial planning processes early to set divorce financial goals, so you can...

HELPING DIVORCE ATTORNEYS AND CLIENTS UNDERSTAND HOW...

Mortgage Banker

Housing Updates

posted October 2, 2018

I recently met with a Divorce Attorney as there were some concerns presented from their new clients regarding when is the best time to file for divorce given the recession talk on news...

Housing Market August Update

Mortgage Banker

Housing Updates

posted September 11, 2018

It is best to work with a Certified Divorce Lending Professional who can take an x-ray vision of your overall qualification to help you determine what is best to do during a housing market that may be cooling off.

August Interest Rate Update

Mortgage Banker

Rate Updates

posted September 11, 2018

As a Certified Divorce Lending Professional, we too pay close attention to the headwinds and main drivers causing interest rates to fluctuate.

Effects on Divorce while in a Housing Market that is...

Mortgage Banker

Housing Updates

posted September 6, 2018

If you are thinking about divorce, you may be wondering where you are going to go next and what is best to do with the family home?

US Trade Agreement effect on Interest Rates

Mortgage Banker

Rate Updates

posted September 6, 2018

Acting as quickly as possible once your divorce is final and you are able to close on or refinance (to remove the ex-spouse off the loan or buy-out his/her share) or buy a new home sooner...

Defining SMART Goals going into a Divorce

Financial Advisor

Financial Goals & Planning

posted September 5, 2018

Taking control of your finances when entering a divorce requires establishing a financial plan. A financial advisor who is also a Certified Divorce Financial Analyst® can provide insight into the impact of divorce on your...

Adjustable Rate Mortgage Strategies and Divorce

Mortgage Banker

Loan Strategies

posted September 4, 2018

As you are preparing for your life post-divorce, if you are like most of my clients (whether they are refinancing their current home) or looking to purchase a new one – most explain the importance of keeping...

529 plans and 2018 tax law changes to consider when...

TAX ADVISOR

Filing Return & Paying Taxes

posted August 30, 2018

If you are considering getting a divorce, this is already a stressful time for you. It can be very challenging to find the time and energy to research detailed financial and tax information.

Tax Consequences of a short sale of a primary residence...

TAX ADVISOR

Splitting Assets

posted August 30, 2018

Most homeowners in Plano, Frisco, McKinney and the surrounding areas do not buy a home with the intention of selling it for less they paid for it or for less than they owe on the mortgage. Just like most..

GETTING YOUR REFUND AS AN INJURED SPOUSE

TAX ADVISOR

Innocent & Injured Spouse

posted October 2, 2018

During your divorce process, you discuss many topics with your divorce attorney. In the Plano, McKinney, and Frisco area, not many people think of the topic of prior year tax refunds as a big one in the divorce discussion, but it can be. Money issues are one of the biggest reasons marriages end.

The difference between innocent and injured spouse defined by...

TAX ADVISOR

Innocent & Injured Spouse

posted August 16, 2018

Divorce is never easy. There are emotional, legal, financial, and other aspects to deal with in the process. At times, some of the terms used in the legal and financial areas can be particularly confusing as they evoke am emotional reaction.

Spousal liability for cheating on taxes

TAX ADVISOR

Innocent & Injured Spouse

posted July 3, 2018

Over the course of your marriage, you and your spouse have probably done a lot together. Some of the things you have done have a long “shelf-life,” they are decisions that are going to follow you well past the date your divorce is final.

Tax Consequences of a short sale of a primary residence...

TAX ADVISOR

Splitting Assets

posted August 30, 2018

Most homeowners in Plano, Frisco, McKinney and the surrounding areas do not buy a home with the intention of selling it for less they paid for it or for less than they owe on the mortgage. Just like most..

Splitting home exemption when getting divorce

TAX ADVISOR

Splitting Assets

posted August 2, 2018

When you are thinking about possibly getting divorced, one of the last topics on your mind is likely to be how to deal with the tax exclusion from selling your home. Many people in the Frisco and Plano area are...

The tax implications of accounts received from a divorce...

TAX ADVISOR

Splitting Assets

posted July 5, 2018

As you work with your divorce attorney to come to a settlement that you are comfortable with, your focus is likely to be around the amount of money you are getting. A major consideration that can be easily overlooked...

Taxes on investments received in a divorce

TAX ADVISOR

Splitting Assets

posted July 4, 2018

Depending on the settlement your divorce attorney negotiates, you may be receiving accounts from your ex-spouse. It is important to understand that different account types have different rules for how they are ...

Getting audited after your divorce

TAX ADVISOR

Reviewing Returns and Audits

posted July 2, 2018

As you contemplate getting a divorce, you are probably thinking that this is going to be one of the most, if not the most, difficult things you have ever had to do. Separating a family, even just a husband and wife is a very...

Reviewing Tax Return before divorce

TAX ADVISOR

Reviewing Returns and Audits

posted July 1, 2018

If you are thinking about getting a divorce the last thing on your mind is probably your tax returns. You are most likely thinking about your life after the divorce and working with a divorce attorney to get the process finished as...

529 plans and 2018 tax law changes to consider when...

TAX ADVISOR

Filing Return & Paying Taxes

posted August 30, 2018

If you are considering getting a divorce, this is already a stressful time for you. It can be very challenging to find the time and energy to research detailed financial and tax information.

Claiming Children and their medical expenses after divorce

TAX ADVISOR

Filing Return & Paying Taxes

posted July 5, 2018

Who claims the kids? This topic is perhaps the most emotionally charged one for parents in Plano and Frisco. The rules are complex and can cost you thousands in if not understood and applied properly.

Advantages to Filing separately before finalizing your divorce

TAX ADVISOR

Filing Return & Paying Taxes

posted July 4, 2018

As you prepare to visit with a divorce attorney to discuss your impending divorce, one topic of conversation that is not likely to come up is your tax filing status for the year you divorce. Understanding what your tax situation...

Tax consequences of accessing retirement accounts after...

TAX ADVISOR

Filing Return & Paying Taxes

posted July 3, 2018

In today’s world many people have a substantial portion of their assets tied up in two places, their home and their retirement accounts. While some divorcing couples are very “liquid” in regards to the...

Taxation of spousal maintenance and child support

TAX ADVISOR

Filing Return & Paying Taxes

posted July 2, 2018

If you are like most people who are going through a divorce you are probably interested in the “amounts” you are receiving in your settlement. The amount of assets, the amount of spousal maintenance...

Tax filing status during divorce

TAX ADVISOR

Filing Return & Paying Taxes

posted July 1, 2018

Most people have questions on how to determine their filing status the year they get divorced. As we discuss the issues related to divorce in Plano, Frisco and all of North Texas, this is the most basic question...

Splitting the mortgage interest on our taxes when divorcing

TAX ADVISOR

Deductions & Credits

posted August 23, 2018

The first thing to know about splitting anything related to taxes is that your filing status sets the rules. Filing status is usually not at the top of your mind when you are considering divorce.

Deductions for Charitable gifts when divorcing

TAX ADVISOR

Deductions & Credits

posted August 9, 2018

The impulse to share what you have and give to a charitable organization is a noble one. Many people in Frisco and Plano give generously to local and national organizations and places of worship.

Tax credits in the year of divorce

TAX ADVISOR

Deductions & Credits

posted July 7, 2018

As you work with your divorce attorney, discussions about child custody, child support, spousal maintenance and asset division are likely to dominate the meetings. Having the proper custodial relationship...

Tax deductions in the year of divorce

TAX ADVISOR

Deductions & Credits

posted July 6, 2018

Divorce is challenging enough, but even when you are done, you aren’t quite done from a tax perspective. Your divorce decree should clearly direct you in some areas, such as who claims the kids.

WORK WITH A FINANCIAL ADVISOR WHO IS A CERTIFIED DIVORCE FINANCIAL ANALYST® PROFESSIONAL

Financial Advisor

Financial Goals & Planning

posted October 2, 2018

A Certified Divorce Financial Analyst® professional can provide in-depth financial analysis to you and your attorney relating...

Using Financial Planning to Adjust your Financial goals...

Financial Advisor

Financial Goals & Planning

posted September 12, 2018

Working with a financial advisor during the divorce can provide you the insight on what you may or may not want to ask for in the divorce. Start the financial planning processes early to set divorce financial goals, so you can...

Defining SMART Goals going into a Divorce

Financial Advisor

Financial Goals & Planning

posted September 5, 2018

Taking control of your finances when entering a divorce requires establishing a financial plan. A financial advisor who is also a Certified Divorce Financial Analyst® can provide insight into the impact of divorce on your...

Taking steps toward your financial goals after your divorce

Financial Advisor

Financial Goals & Planning

posted July 3, 2018

You are divorced—now what? You just spent the last several months― and possibly years ― going through one of the most traumatic experiences of your life. You spent time poring over settlement offers, meeting with your divorce...

Determining if your divorce settlement is enough to reach...

Financial Advisor

Financial Goals & Planning

posted July 2, 2018

If you are reading this you are probably in the middle of going through a divorce and are at the point in the process where you and your divorce attorney are reviewing your various settlement options.

Setting Financial Goals before starting your divorce

Financial Advisor

Financial Goals & Planning

posted July 1, 2018

Most people begin the process of getting a divorce by going to see a divorce attorney. Their rationale is simple—divorce is a legal matter. The irony in that decision is that other than child custody issues almost everything...

Estimating housing expenses for a new or existing house after...

Financial Advisor

Financial Lifestyle

posted September 19, 2018

With potentially a third of your income going toward your home expenses each month, it is important for you to start estimating what your current or future home will cost to maintain after divorce.

How to Create your budget after divorce

Financial Advisor

Financial Lifestyle

posted July 6, 2018

The moment you have been waiting for is finally here. Your divorce is final. Now you can really get a firm handle on your budget and plan for your future. If you are like many people, you’ve been nervous about doing this while you’ve...

How your Divorce Settlement effects your budget

Financial Advisor

Financial Lifestyle

posted July 5, 2018

As you work with your divorce attorney to iron out the details of your settlement, you are likely spending the majority of your time focused on your post-divorce assets and liabilities. Simply put, you are trying to figure out who is going...

How to think about your budget before Divorce

Financial Advisor

FINANCIAL LIFESTYLE

posted July 4, 2018

You are divorced—now what? You just spent the last several months― and possibly years ― going through one of the most traumatic experiences of your life. You spent time poring over settlement offers, meeting with your divorce...

How will a divorce affect your retirement

Financial Advisor

Retirement Planning

posted July 7, 2018

Will I ever be able to retire? As a financial advisor, I hear that question from clients all the time. Most often, the answer is Yes. A few times, the answer has been No. It’s always hard to have to tell a person...

Accessing your accounts after your divorce

Financial Advisor

Retirement Planning

posted July 7, 2018

The first question on a lot of people’s minds when the divorce is final is this: Where can I go to get cash immediately? For most people, their assets are tied up in two places: their home, and their retirement...

How your divorce settlement could affect your retirement

Financial Advisor

Retirement Planning

posted July 6, 2018

As a financial advisor, I’ve heard clients express a lot of concerns when they are going through divorce. Some of their concerns are personal and emotional, best discussed in detail with a therapist, close friend or family member.

How to think about your house before starting a divorce

Financial Advisor

Assets & Investments

posted July 7, 2018

As you think about divorce, the one asset to which you are probably attached most firmly is your home. For some people, this attachment is sentimental; their home is where their family started, or where they raised their children.

Moving accounts after your divorce

Financial Advisor

Assets & Investments

posted July 5, 2018

Your divorce is final. Now . . . what steps do you need to take to ensure the assets promised in your settlement are yours and yours alone? There are two common misconceptions about post-divorce account transfers...

Will your divorce settlement allow you access to funds

Financial Advisor

Assets & Investments

posted July 4, 2018

Going through a divorce is an incredibly difficult time for many reasons. Some of the reasons are emotional, and some are practical. Every situation is different, and helping people figure out how they will “survive” the...

How to locate your investment accounts before your divorce

Financial Advisor

Assets & Investments

posted July 3, 2018

It is hard for people to keep track of everything pertaining to their financial accounts under normal circumstances. The strain of a divorce can make this even more difficult. As a financial advisor, I can recall many instances...

What do with your house after your divorce

Financial Advisor

Assets & Investments

posted July 2, 2018

Your divorce is finalized and you have your divorce decree in hand—now what? As a financial advisor, when I sit down with recently-divorced people, they have a lot more questions than answers-- especially the spouses...

Options to consider with your house during divorce

Financial Advisor

Assets & Investments

posted July 1, 2018

When you are in the middle of a divorce, you have a lot of questions about your finances. Job security, supporting yourself on one income, your children and your custody arrangement with your soon to be ex-spouse...

Estimating medical expenses when you are no longer on your...

Financial Advisor

Insurance

posted September 26, 2018

When you go through your divorce, plan for post-divorce medical costs. There’s more to consider than just the monthly Health premiums.

Disability Insurance: A Post-Divorce Review

Financial Advisor

Insurance

posted August 22, 2018

Now that you are the sole breadwinner for your family, it is important for you to review all your insurance policies. What if something happens to you and you are unable to work for several months or even several years?

Disability Insurance on your ex-spouse after a divorce to protect...

Financial Advisor

Insurance

posted August 15, 2018

Your divorce attorney is finishing up the negotiation for child support and spousal maintenance. Your financial advisor has built a financial plan showing you how to potentially put that money toward your financial goals.

Don’t Forget the Health Savings Account during Divorce

Financial Advisor

Insurance

posted August 8, 2018

You have so much to consider during the divorce process: Managing complex emotions, figuring out how to divide accounts, and deciding who gets what. When working with divorcing clients in the Plano, Frisco...

Life insurance after divorce to protect Child Support...

Financial Advisor

Insurance

posted August 1, 2018

Life insurance can help protect you financially after your divorce. Owning a life insurance policy on your ex-spouse can help protect your financial stability and help safeguard your alimony, maintenance...

What to know about your health insurance before divorce

Financial Advisor

Insurance

posted July 6, 2018

If you are thinking about getting a divorce, you need to think about health insurance. If you have been on your own health insurance plan through your employer, you will probably not experience much change. If your soon...

Pre-qualifying for a mortgage during a divorce

Mortgage Banker

Qualifying

posted July 6, 2018

Most will tell you it may be best to wait to consult with a mortgage professional until after a final decree has been issued. However, most have not worked with a certified divorce lending professional to understand why...

Understanding the Income Qualifications for a mortgage...

Mortgage Banker

Qualifying

posted July 5, 2018

Typically when my clients first meet with me to purchase a house, they go into the transaction assuming both will be qualified to carry the note without the assumption of a possible divorce in the future.

Qualifying and affording a home mortgage after...

Mortgage Banker

Qualifying

posted July 5, 2018

When I meet with my clients post-divorce, I find the term “qualify” and what I can “afford” are the two questions of concern. Often times, once living on one income, the amount one can qualify for may be much...

Understanding how soon you can purchase a house after divorce

Mortgage Banker

Qualifying

posted July 4, 2018

As a certified divorce lending professional, I typically get asked how soon can I buy my new house after the divorce is final? There are many variables to consider here and due to all the possible options...

The income sources considered toward qualifying for a...

Mortgage Banker

Qualifying

posted July 3, 2018

Typically when I first meet with clients the burning question of how much of a home could I qualify for due to the income I make can I afford? This question is usually curiosity of just how much of a home do they...

Sources that can be used for a Down payment when...

Mortgage Banker

Qualifying

posted July 2, 2018

Now that the divorce process has started, you may be thinking where will my next down payment come from when I have just spent all that I had in this divorce. Or you may even wonder what other possible accounts...

Understanding how Alimony and Child Support are...

Mortgage Banker

Qualifying

posted July 1, 2018

“What if I have depended on my spouse’s income and have been out of work? Can I still qualify for a mortgage?” If you are like most of my clients who may have been out of work for some time, or think you may...

Divorce and Credit Card Debt

Mortgage Banker

Credit

posted August 22, 2018

A common question I am asked regarding credit card debt is, “If my spouse has her own credit card and chose to over spend, will I be held responsible?” Please know that during a divorce, the extent of...

Credit and Identity Theft monitoring during your divorce

Mortgage Banker

Credit

posted August 15, 2018

As you start to think about going through the divorce process, you have probably thought about visiting with an attorney or may already have. Chances are, your attorney has given you a laundry list of items...

Protecting Your Credit During Divorce

Mortgage Banker

Credit

posted July 7, 2018

Not only can divorce lead to emotional strain, it can also cause all sorts of financial problems. All those shared accounts and co-signed loans that once seemed like a great idea are now the cause of major issues.

Reviewing credit before a divorce

Mortgage Banker

Credit

posted July 4, 2018

Although there are a few free services that could show you a median credit score, this does not give a full credit analysis which is extremely important to review during the divorce process. As a certified divorce lending professional here...

Understand the consequences of remaining on the...

Mortgage Banker

Credit

posted July 2, 2018

As a certified divorce lending professional, I often receive questions from my clients who are considering starting the divorce process or may even already be in the middle of the process and can’t decide what is the best way to divide...

Adjustable Rate Mortgage Strategies and Divorce

Mortgage Banker

Loan Strategies

posted September 4, 2018

As you are preparing for your life post-divorce, if you are like most of my clients (whether they are refinancing their current home) or looking to purchase a new one – most explain the importance of keeping...

Mortgage Assumption after divorce

Mortgage Banker

Loan Strategies

posted August 29, 2018

As you are considering divorce, you may be thinking what the best option is when dividing the home. This is probably one of the heaviest concerns my clients have when we first meet as the home can represent...

Divorce and your New Mortgage in a rising interest rate...

Mortgage Banker

Loan Strategies

posted August 8, 2018

Now that you have decided to part ways and your divorce is nearing the end or possibly just finished, you may be thinking of either purchasing a new home on your own or even refinancing your current mortgage to...

Understanding your mortgage payment when going through...

Mortgage Banker

Loan Strategies

posted August 1, 2018

If you have ever talked to a real estate agent during your divorce, you have probably heard of these three words: location, location, location. While Frisco, Plano, and McKinney are all very desirable locations...

Removing an ex-spouse from the mortgage after divorce

Mortgage Banker

Loan Strategies

posted July 7, 2018

The divorce is final and your ex has moved out. Now all you have to do is call up and have them removed from the title and mortgage, right? Unfortunately this is what mortgage lenders hear all the time.

Determine the Type and Terms of a mortgage after divorce

Mortgage Banker

Loan Strategies

posted July 6, 2018

As a certified divorce lending professional, creating a mortgage strategy that best fits your home needs post-divorce is essential. We have several different short term options just to get established as well as...

Determining the equity in a house before divorce

Mortgage Banker

Loan Strategies

posted July 3, 2018

If you are anything like most people going through a divorce, the biggest asset they have is usually the house. This means discovering which option is in their best interest when it comes to dividing the asset is essential.

Find out who is on the house title before a divorce

Financial Advisor

Loan Strategies

posted July 1, 2018

If you are thinking about getting divorced, one of the first things that could be on your mind is what is going to happen with your home? As a Certified Divorce Lending Professional, I help my clients answer these initial questions.

September 2018 FOMC Meeting and Mortgage Interest Rates

Mortgage Banker

Rate Updates

posted September 25, 2018

Work with a Certified Divorce Lending Professional to understand how the upcoming meeting of the Federal Open Market Committee could affect mortgage interest rates

Trade wars, tariffs and the effect on mortgage interest rates

Mortgage Banker

Rate Updates

posted September 20, 2018

Work with a Certified Divorce Lending Professional to understand how the current trade war and tariffs effect mortgage interest rates

Interest Rate and Home Sales Update when considering Divorce

Mortgage Banker

Rate Updates

posted September 18, 2018

Work with a Certified Divorce Lending Professional to understand the correlation between home sales and interest rates

Turkey’s currency crisis and mortgage interest rates

Mortgage Banker

Rate Updates

posted September 13, 2018

Work with a Certified Divorce Lending Professional to understand how Turkey’s Credit Crisis effect mortgage rates in the United States

August Interest Rate Update

Mortgage Banker

Rate Updates

posted September 11, 2018

As a Certified Divorce Lending Professional, we too pay close attention to the headwinds and main drivers causing interest rates to fluctuate.

US Trade Agreement effect on Interest Rates

Mortgage Banker

Rate Updates

posted September 6, 2018

Acting as quickly as possible once your divorce is final and you are able to close on or refinance (to remove the ex-spouse off the loan or buy-out his/her share) or buy a new home sooner...

Mortgage-Interest Rate July 2018

Mortgage Banker

Rate Updates

posted July 23, 2018

If you are thinking about refinancing or buying a new home and have been hearing thoughts about a possible recession or housing market shift, please know as a Certified Divorce Mortgage...

HELPING DIVORCE ATTORNEYS AND CLIENTS UNDERSTAND HOW...

Mortgage Banker

Housing Updates

posted October 2, 2018

I recently met with a Divorce Attorney as there were some concerns presented from their new clients regarding when is the best time to file for divorce given the recession talk on news...

Housing Market August Update

Mortgage Banker

Housing Updates

posted September 11, 2018

It is best to work with a Certified Divorce Lending Professional who can take an x-ray vision of your overall qualification to help you determine what is best to do during a housing market that may be cooling off.

Effects on Divorce while in a Housing Market that is...

Mortgage Banker

Housing Updates

posted September 6, 2018

If you are thinking about divorce, you may be wondering where you are going to go next and what is best to do with the family home?

Affordable Housing Program will create a 40-unit Townhome...

Mortgage Banker

Housing Updates

posted August 27, 2018

As you are considering divorce in the next few months, you may be thinking how you will afford your next home and possibly even where the best place to move may be. Although the surrounding...

Purchase Incentive for Plantation Homes at Trinity Falls...

Mortgage Banker

Housing Updates

posted August 20, 2018

Often times I visit with divorcing clients who are ready to sell their marital home and start fresh as they ask, “Where would be a good place for my kids and I to start over and buy something...

Housing Update July 2018 – Frisco

Mortgage Banker

Housing Updates

posted July 31, 2018

If you are nearing the end of your divorce and you are working on where to move to next, many of my clients are considering the Frisco, Plano, McKinney areas due to their wonderful parks...

Divorce Attorney Information
Locations

Encircle Wealth Advisors – Sam Thornal

3004 Communications Parkway Ste 100A

Plano, TX 75093

Financial Lifestyles – Jean Schmisseur

5700 Granite Parkway Suite 200,

Granite Park Building Two

Plano, TX 75024

Thrive Mortgage – Deborah Byrd

5601 Granite Parkway Suite 550B

Plano, TX 75024