DIVORCE ASSISTANCE IN REAL ESTATE

Who gets the House in a Divorce in Texas? Buyout?

Who gets the house in a divorce in Texas? Texas is a Community Property State. Learn what that means for you? Thinking about buying out your spouse? What is the Average (Hidden) Maintenance cost of home repairs? Can you buy someone out of a house during a divorce? What happens to property owned before marriage? Learn if a refinance divorce buyout is right for you? What happens to the mortgage in a divorce? Learn your options. Do you need to sell the home? Or can you buy someone out of a house during a divorce? Learn if a buyout is right for you?

QDRO What does it mean for your Divorce?

QDRO What does it mean for your Divorce? When couples divorce, assets are usually divided. However, that asset split doesn’t automatically extend to retirement plans. This is where a qualified domestic relations order (QDRO) can come into play.

A QDRO is a court order used to divide the assets that are in specific types of retirement plans, including 403(b) and qualified plans, such as 401(k)s.

Assets distributed from a qualified plan under a QDRO are exempt from the usual 10% early withdrawal penalty.

Because the qualified plan assets you receive under a QDRO are rollover-eligible, amounts that are paid directly to you instead of to an eligible retirement plan will be subject to mandatory withholding.

Capital Gains Tax on Real Estate and Tax implications Divorce

We cover the biggest Tax Implications when going through Divorce, Capital Gains. During a divorce, when selling the marital home you need to understand capital gains taxes.

When a sale of the marital home involves potential capital gains taxes, understanding the available exclusion tests is crucial.

The current Capital Gains Exclusion on the sale of the primary residence currently allows for a $250,000 individual exclusion. Married couples are allowed a $500,000 marital exclusion.

8 Tax Implications of Divorce

We cover the 8 Tax Implications when going through Divorce Thinking about Divorce or Recent Filed? Here are some answers to common Divorce tax questions Divorce and Taxes

1. Timing of the Divorce

2. Liability of Joint Returns,

3. Dependents, Claiming Children for Taxes

4. Business Assets Tranfers

5. Retirement assets, 401k, IRA, use of QDROs

6. Capital Gain Taxes, when selling a property

7. Child Support

8. Spousal Maintenance/Alimony

Keep house in Divorce? 6 Areas of Risk if you are thinking about keeping the house post Divorce

Thinking about Keeping the House after Divorce. Learn the 6 areas of Risk associated with your Largest asset. Learn your Risk and if you are willing to accept them. As Divorce Real estate Specialists, we can help you get connected to Lenders, CDFAs, and Divorce Attorneys

The 6 Areas of Risk in Keeping the house post Divorce

1. Is the Home Insurable?

2. Mechanic Liens - Contractors lien,

3. Home Loan - Can you Refinance? Divorce Buyout

4. Condition - Condition of the Property, Deferred Maintenance.

5. Value of Home - What is my home actually Worth?

6. Title - are you on the Deed or Mortgage?

Through 8 Divorces, Learn from our Mistakes, The Gifford Group - Divorce Real Estate Specialists

Divorce is the second most stressful life event. We have both been down this path before, and we can assist you in navigating through the unknowns. We are here to help. Amber has been through divorce 8 times seen childhood. What We Do Our passion is to help people going through Divorce. We understand you are scared and worried. We have experience and empathy as both of us have gone personally be through a divorce.

Down our Free Divorce Resource at https://www.mydivorcerealestate.com/

who gets the House during a divorce in Texas?

Real Estate & Divorce, What You Need to Know

The Gifford Group on "The Divorce Coaching Hour" With Christy Stratton Part 1

Our discussion centered around how we can remove the FEAR our clients feel when dealing with Divorce and Real Estate matters. Remember FEAR stands for False Evidence Appearing Real. Part 1

Real Estate & Divorce, What You Need to Know Part 2

The Gifford Group on "The Divorce Coaching Hour" With Christy Stratton Part 2

When a divorce occurs, real estate matters can become even more complicated.

Real Estate & Divorce, What You Need to Know Part 3

When it comes to real estate, we discussed the 6 areas of risk that you need to consider. Risks are spread across six different areas: The Mortgage, The Title, The Property Value, Mechanic Liens, Insurance, and the Property Condition.

Real Estate & Divorce, What You Need to Know Part 4

Regardless of the path you choose, we'll help you along the way. No matter if you are planning on selling or staying in your current home, our team can offer you expert advice.

Divorce - who gets the house in a divorce with children
Real estate and Divorce in Houston

The Divorce Coaching Hour with Christy Stratton "Back to School" Real Estate and Divorce

It's "back to school" season and we couldn't miss the opportunity to talk about Mom's House + Dad's House during this time of year. In this special series, we will be talking to various divorce professionals about critical considerations in divorce like real estate, parenting plans and agreements, mental health, and environments - all related to your children. This is a must-not-miss series full of helpful info!

In this episode, Divorce Real Estate Specialists Amber and Scotty Gifford kick off the series. They share their real estate expertise and their personal experience about transitioning a family into two homes. You'll gain tips that will guide you about what to do and what not to do! Listen Here

Real Estate and Divorce: What You Need to Know. Divorce real estate specialists Scotty and Amber

The Divorce Coaching Hour with Christy Stratton "Real Estate and Divorce: What You Need to Know"

Divorce real estate specialists Scotty and Amber Gifford of The Gifford Group join host Christy Stratton in this informative show about what you need to know when it comes to real estate and divorce. You'll learn the six areas that you need to focus on regarding your real estate interests, as well as the biggest mistakes people make in real estate and divorce. Make sure to add this podcast to your library, rate it, and review it. And please share this and all episodes with those who will benefit. Listen Here

Property Division During A Divorce

What is the Value of My Home? Discover the different ways to determine the value of your home and the pros and cons of each.