Mar 27 2018 - Posted by Chris Lincoln of The Lincoln Law Firm, PLLC, in Divorce, Financial Challenges
When most people think of life events which can negatively impact one’s financial future, the first to come to mind may be a disability, death of a spouse, change of employment, or a medical emergency. Many do not consider divorce, which can have the most significant impact on your financial future. Divorce will impact your financial situation now and for many years to come. So where do you start when your financial stability is at …
Share This Learn MoreMar 9 2018 - Posted by Chris Lincoln of The Lincoln Law Firm, PLLC, in Divorce
Most people learn from experience. Whether it is riding a bike, golfing, cooking, or playing guitar, you usually aren’t an expert on your first try. Learning and being successful usually require practice and gaining experience. So how are you expected to be successful navigating through a divorce, likely something you have neither practiced nor have experience with? The best place to start – find someone who does possess the experience and knowledge to guide you …
Share This Learn MoreFeb 27 2018 - Posted by On Behalf of the Lincoln Law Firm, PPLC, in Divorce
For the late, great David Bowie, Golden Years seemed to reflect budding youth. At least that’s the sense of the lyrics he wrote for his hit song by that title. A more traditional interpretation of golden years is that period of retirement – a time to slow down and enjoy life. Happily married couples likely look forward to these years, anticipating doing the things they always talked about, but never did because work, children – …
Share This Learn MoreFeb 23 2018 - Posted by Chris Lincoln of The Lincoln Law Firm, PLLC, in Assets, Divorce, Parenting & Custody Agreements
Often divorce is not just cut and dry. Between dividing up assets & debts and raising children between two households, we are still humans with human emotions. It is normal to fear divorce along with the uncertainty of your future. These fears are normal. Where will you live? How will you pay your bills? How will you tell the kids and your friends and family? Will you be alone forever? Are you making the right …
Share This Learn MoreDec 11 2017 - Posted by Chris Lincoln of The Lincoln Law Firm, PLLC, in Divorce
Divorce is the legal process by which a marriage contract is dissolved. Anyone who has been through the process knows that it can tend to get complicated. The older a divorcing couple happens to be, the more intertwined their assets are. That can require finding solutions for dividing property that require zigging and zagging through assets to achieve an equitable balance. If some individual asset happens to fall through a crack, it can trigger disputes later that …
Share This Learn MoreAug 31 2017 - Posted by On Behalf of the Lincoln Law Firm, PPLC, in Divorce
There are numerous assets often brought up in a divorce. With over 80,000 divorces reported in Texas in 2012, there is a lot for the courts to sort through. That data comes from the Texas Department of State Health Services. During a divorce, the spouses may worry about who receives what property. This involves the house and the car, but for many couples divorcing in Texas, it also involves guns. It is possible for one person to …
Share This Learn MoreAug 31 2017 - Posted by On Behalf of the Lincoln Law Firm, PPLC, in Business Assets, Divorce, Property Division
If you own a family business and know divorce is in the near future, you might be wondering what is going to happen to the company. The personal challenges for your emotions and finances are already enough to cause inner turmoil, so what should you do about the business? The most important step to take is getting a business valuation. An accurate picture of the family business and its assets will make the property division process go …
Share This Learn MoreMar 1 2017 - Posted by On Behalf of the Lincoln Law Firm, PPLC, in Divorce
Most divorces result because one person, not both, decided that the relationship was over. This can cause feelings of consternation, anger, and confusion – a dangerous combination while you engage in the delicate task of untangling two lives. Divorces are always messy, but they become more complicated if they are not properly planned. This post will go over how to deal with an angry spouse during a divorce. You may wonder, why would anyone be angry during …
Share This Learn MoreJan 9 2017 - Posted by On Behalf of the Lincoln Law Firm, PPLC, in Divorce
Anybody who has gone through a divorce or separation can attest to the fact that it is a stressful situation, to say the least. It can be emotionally trying, physically draining and mentally exhausting to endure these conditions. According to the Huffington Post, research has revealed, however, that men may bear the brunt of it when it comes to a divorce’s impact on health. Here are a few of the ways it can have an effect on …
Share This Learn MoreDec 12 2016 - Posted by On Behalf of the Lincoln Law Firm, PPLC, in Divorce, Divorce Mediation
Many people anticipating a divorce go through a combination of relational and financial complications. Fortunately, by taking calculated steps to organizing finances, monetary concerns can be alleviated. Divorces can be expensive, especially with assets and children involved. Learn how to begin getting your finances figured out before the divorce proceeds. Organize your records Keeping detailed financial records will help you prioritize your expenses and prepare for the divorce. Writing down your expenses is a good start. …
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