The Settlement Dilemma and Doing The Math

By Scott C. Trout Managing Partner, Cordell & Cordell Often, divorce evokes the need to “win,” “to settle the score” or even “to get more than my wife does.” One of the hardest things divorced dads face in this process is to think logically and economically when faced with any …

How Does Court Separate Debt Incurred By Each Spouse Separately

Jennifer Hankinson Dallas Divorce Attorney

Question: From a financial point of view, how does the court separate debt (credit cards, etc.) incurred by each spouse separately (not joint accounts)? Is the other spouse responsible for non joint accounts after separation/divorce?

Do child support laws consider alimony as income?

Question: Do child support laws consider my ex-wife’s alimony payments as income? She is receiving $1,000 a month, so can that income be used when determining child support and the percentage of above and beyond items, such as day care?

Financial Advice On Divorce: Alimony Modification Because Of Remarriage

Question: I’m looking for financial advice on divorce on the chances my alimony payments will be decreased based on my remarriage. Since I am going to be financially responsible for another wife and more children, can I get an alimony modification?

Child Support Laws: How To Handle Child Support Modification Pro Se

Question: My question is about child support laws and modifying my child support payments because of a significant drop in income while the custodial parent’s income has increased. My ex-wife and I live in separate states so I would like to know which state will handle this matter, what paperwork …

Lying About Income To Lower Child Support

Question: I need financial advice on divorce about misrepresenting my income for child support purposes. On the financial affidavit I submitted to the court, I put my gross income to be a lesser amount than I actually earn. The judge has now requested a pay stub from my employer to …

Can I Modify Child Support If My Ex Moves In With Boyfriend?

Question: My children primarily live with my ex-wife and I pay her child support per our child custody agreements. Her boyfriend has now moved in and they are a cohabitating couple with dual incomes. Do child support laws allow for a modification of child support if her boyfriend is now …

Money Made Easy: How To Save Money When In Debt

Financial adviser Dan Danford takes a “back to basics” financial advice approach with this week’s episode of Money Made Easy. Danford said he is frequently approached with questions about savings from people faced with a mountain of debt or divorced dads looking for financial advice on divorce. A common question …

Can I Modify Alimony As A Result Of Unemployment?

Question: In our divorce and child custody agreement, I agreed to pay my wife alimony in the amount of 50% of my earnings for life. Since the judgment was entered, I have lost my job so I want to modify the amount of alimony to reflect changes in my life …

Financial Advice On Dividing Retirement Plans In Divorce

Question: I need financial advice on divorce and how my retirement assets will be divided. I have taken early retirement and those payments are all I have to live on. Is my wife entitled to any of my retirement and pension accounts since those are currently my only sources of …