WE ARE WORKING!

As the situation with COVID-19 continues to develop and evolve, the safety, health and well-being of our clients and our team is extremely important to us. We are watching for the guidance of the Centers for Disease Control and international medical experts to learn how we can best manage our facility and our clients.

We would like to reassure you that The Law Office of Lisa A. Vance, P.C. will continue to be available to provide services to all of our clients.

Our lawyers and paralegals are working in the office and electronically, although most of us are working from home. Below is a list of FAQs regarding our response and commitment to you during COVID-19.

Can I even have a consultation with my lawyer remotely?

Yes, The Office of Lisa A. Vance, P.C. has a comprehensive remote working capability and all of our lawyers and paralegals are equipped to work securely from home.

Will my lawyer be available to answer questions and work on my case?

Yes, your legal matters will continue to receive our attention. You can email, call, or videoconference with your lawyer during this time.

We also have multiple videoconferencing options; please contact your attorney for the platform that works best for you

How are court hearings and appointments affected?

Court in Bexar County are now conducted by Zoom Please see our blog article Court via Zoom: It’s Actually, Really Court (and Here’s How It Works)

Can I consult with a lawyer about a new family law or divorce matter?

Yes, we have office staff working in house and remotely to ensure continuity in our business. For information about a family law or divorce matter, please call our office or complete the Request a Consultation Form.

Your family law matters remain our top concern and we are not going to permit this pandemic to take priority over your needs. We will remain confident, alert and prepared.

We wish you and your family well as we work through this difficult situation together.

With warm regards,
Lisa A Vance

 

 

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Holding out for the house isn’t always the best approach in divorce

While a home may have sentimental value, it can leave people “house poor”

For people who are going through a divorce, one of the first concerns they will have is deciding who gets to hold on to the marital home. Not only is a couple’s home likely to be their biggest asset, but it also tends to have a lot more emotion attached to it than the rest of a couple’s estate. As Forbes recently reported, many people go into a divorce thinking that the only way they can “win” their divorce is by holding on to the house. However, while the house may represent a considerable asset, people need to think very carefully about giving up too much just for the sake of laying claim to the couple’s home.

A house for two

The first thing to consider is that a marital home, by definition, is built for at least two people (or more, if the couple has children). Prior to the divorce, both spouses may have had an income and may have contributed to paying the mortgage, property taxes, maintenance fees, and other home expenses. Trying to cope with the same expenses on a single income can prove difficult.

As USA Today points out, those high expenses can leave the person who has held onto the house feeling “house poor.” Although he or she may have considerably assets in the form of residential property, because those assets are not liquid they essentially leave the person struggling to cope with more everyday expenses, like groceries and gas.

Costs mounting

As Forbes point out, the expense of keeping a home is only one consideration in deciding who gets the house. Because the ex-spouse will likely want his or her name off of the mortgage, refinancing a mortgage is likely to be a required step to holding onto the house. On a single income, however, the requirements for refinancing change considerably and people may soon find that the terms they were offered as a married couple are considerably worse as a single person.

Finally, many people justify holding out for the home by saying they will simply resell the house at a higher price. In some hot real estate areas such an approach may make sense, but property prices are notoriously volatile and there is no guarantee that they will remain on an upward trajectory for a given area. Furthermore, when reselling the house the seller may end up having to pay capital gains tax.

Family law

As the above story shows, divorce requires people to make many major decisions, many of which will have implications for years to come. Because every divorce is unique, it is important to carefully consider all options before deciding what to do when faced with such challenges.

An experienced family law attorney can provide invaluable assistance to anybody going through a divorce. Backed up by years of experience and knowledge, such an attorney can help clients understand what options they have before them when dealing with the legal and financial fallout of a divorce.