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A divorce can drastically change your finances. Everything from your debt-to-income ratio to your retirement plan may feel the impact of your changing relationship. One of the many assets that require splitting includes your investment portfolio. Effectively managing...
When a couple has a lot of assets and they decide their marriage is no longer working, what they’re worth is likely the last thing on their minds -- at least in the beginning. But when Texas couples come to terms with the divorce and begin thinking about assets, there...
According to recent statistics, the more financially well-off a couple is, the more likely their marriage may not last. A high asset divorce may be even more difficult to go through since so much is on the line for these Texas couples. It seems the more money couples...
Preserving one’s financial stability throughout every step of life is a priority for most people in Texas. However, the divorce process can create a number of hurdles that make maintaining one’s finances a challenge. Here are a few things that divorcing couples should...
Getting unhitched can be expensive, especially if the couple has been married for many years and is financially well off. Texas couples going through a high asset divorce may find it hard on the pocketbook for a number of reasons. If children are involved and valuable...
There are many reasons why a Texas couple might decide to end their marriage. Sometimes, financial issues are a big factor although most advisers say the decision to divorce should not be solely based on money. Especially in a high net worth divorce, financial...
Divorce is often a difficult process for anyone here in Texas. Those who have a high level of assets may find it to be particularly challenging. It can be tough to determine the right way to divide assets, particularly if the married couple did not have a prenuptial...
When Amazon founder, Jeff Bezos, and his wife, Mackenzie, announced they were divorcing after more than 20 years of marriage, it may have been expected that the division would be protracted and bitter. Surprisingly, the couple were able to obtain their high net...
When Congress passed the latest tax reforms in 2017, there were many changes that impacted people across the tax brackets. Though many of the changes may have been beneficial for some taxpayers, others discovered that they were facing significant increases in their...
For approximately 70 years, the alimony tax deduction helped families reduce taxes after a divorce. With the tax reform act that went into effect at the beginning of 2019, the option for deducting alimony payments from taxable income for the paying spouse was...
