10/08/2026
#8 on our list of what not to do during a divorce:
DON'T FORGET ABOUT TAXES
Typically, the person who is awarded custody of the children gets the house. But the house may not be the best deal. If you can't afford the mortgage, taxes and upkeep on the house, you want to ask for the investment portfolio of equal value instead. However, before declaring yourself king or queen of your block, remember: single people are not allowed to shelter as many capital gains from taxes. Stocks can also be at issue. Newly-purchased stocks may be more desirable because they will cost you less in capital gains taxes.
If you have questions about this or any other legal matter, please feel free to give our office a call at 580-224-2770 to schedule a consultation with our experienced attorney.