articles

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.

Divorce and your New Mortgage in a rising interest rate environment

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...

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...

Understanding your mortgage payment when going through divorce

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...

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...

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...

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...

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 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.

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.

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.

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.

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...

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.

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...

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...

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.

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...

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...

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...

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...

Divorce and your New Mortgage in a rising interest rate environment

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 divorce

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.

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...

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...