Many people realize that if they are having trouble paying for one household, maintaining two on the same amount of money is impossible.
Dallas, TX (PRWEB) February 15, 2010
During hard economic times, the rigors of divorce can strip unprepared people of money and dignity. That’s the message of the new book, Protecting Your Assets From A Texas Divorce, from four of the state's most acclaimed family attorneys.
The 336-page book (PSG Books, $19.95) details the financial issues that can complicate a modern divorce. The co-authors are Ike Vanden Eykel, Rick Robertson, Heather King and Charla Conner, partners at Koons, Fuller, Vanden Eykel & Robertson, the largest family law firm in the southwest.
Besides telling how to divorce successfully in good times and bad, the authors explain …
- How to organize a winning case
- How to calculate child support
- What to do with a family business
- Who gets retirement accounts, stock options, personal property
- How to get the most from the marital residence
- When to choose a collaborative law divorce
- How to use mediation
- How to enforce a decree
“Too many times people go into divorce not knowing anything about the process, and that can be scary,” says Vanden Eykel. “This book is meant to educate people about the things divorce attorneys know and see all too often.”
Studies show that as many as 80% of all people who go through a divorce believe the other side has cheated them out of money. What this shows, Vanden Eykel says, is that people on both sides of a divorce need to know how to divorce in a financially responsible manner.
In the book, the authors list 10 ways to control legal fees, 12 steps to a more productive divorce and 14 financial planning suggestions for a better life after divorce.
Since the first edition of Protecting Your Assets From A Texas Divorce was published in 2005, a deep recession with high unemployment has made divorce more difficult and forced attorneys to think more creatively.
“Many people who want to divorce have been forced to hold off until the economy improves,” says Robertson. “They soon realize that if they are having trouble paying for one household, maintaining two separate homes on the same amount of money is almost impossible. For people with closely held businesses, though, their assets are at a low point and divorcing now makes sense because they don’t have to pay their spouses as much from the community estate. We’ve seen all of these scenarios.”
The authors say that no one would go into another type of business deal without preparation, so participants should take every opportunity to acquaint themselves with the divorce process.
Protecting Your Assets From A Texas Divorce is available in most area bookstores or online at Amazon.com, bn.com, and PSGBooks.com.