Steve Walker, CPA

214-797-2572
214-797-2572
  • About Steve Walker
  • Areas of Practice
    • Tracing & Characterization
    • Forensic Accounting
    • Collaborative Divorce
  • Testimonials
  • Blog
  • Contact
You are here: Home / Archives for community property

I Manage Our Assets – So What’s the Problem?

February 10, 2017 By Steve Walker

community property

In most marriages, one spouse or the other will be the manager of most of the assets of the parties' separate and community property estates. This “trust theory” has been developed in a long line of cases and provides that the spouse who is managing the assets of the marriage will be treated as a … [Read more...]

Filed Under: blog Tagged With: community property, forensic accounting, marital assets, Separate Property, Steve Walker, tracing

Avoiding Community Property Laws in Tax Returns

April 14, 2016 By Steve Walker

property tax

I often am asked by someone going through a divorce whether they should prepare their tax return using the Married-filing-joint method (MFJ) or Married-filing-separate (MFS) method. My first response is that MFJ is usually the method which results in the least amount of tax paid by the couple. … [Read more...]

Filed Under: blog Tagged With: community property, Divorce, marital assets, married filing separate, Steve Walker, tax returns

More on Constructive Fraud and Waste Claims Benefiting a Wronged Spouse

February 22, 2016 By Steve Walker

constructive fraud in divorce

Earlier this month I blogged about claims of waste and constructive fraud. Here is how such claims can benefit the wronged spouse. The Texas Family Code now provides specific guidance on how a divorce court can remedy fraud committed by one spouse on another. Section 7.009, Fraud on the … [Read more...]

Filed Under: blog Tagged With: community property, Divorce, fraud, marital assets, Steve Walker

A New Twist to Claims of Waste and Constructive Fraud

February 5, 2016 By Steve Walker

constructive fraud

A recent Houston divorce case provides a new twist to claims of waste or constructive fraud. In that case, the wife basically asked the question, where did all my husband’s earnings go? The court awarded the wife a judgement of $196,000 for wasting community funds because the husband could not … [Read more...]

Filed Under: blog Tagged With: community property, constructive fraud, Divorce, fraud, marital assets, Steve Walker

Community Property, Separate Property, and Tracing in Divorce

November 20, 2015 By staff-at

Community and Separate Property Texas has adopted the community property system. Only eight other states have such a system: California, Arizona, New Mexico, Louisiana, Washington, Idaho, Nevada and Wisconsin. Under the community property system, all property on hand at the date of marriage, or … [Read more...]

Filed Under: blog Tagged With: community property, Divorce, marital assets, property settlement, separate propety, Steve Walker, tracing

Steve Walker, CPA

8864 Broken Bend
Frisco, Texas, 75036
214-797-2572

Steve Walker

 

Steve Walker, CPA

8864 Broken Bend
Frisco, Texas, 75036
214-797-2572

  • Facebook
  • LinkedIn

Copyright © 2023 Steve Walker, CPA · · · All Rights Reserved

Web Design and Maintenance by The Crouch Group
• • •