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As Washington works to figure out exactly what step will be coming in terms of the nation’s healthcare, couples are working to figure out what step comes in their marriages. According to financial planners and divorce attorneys throughout the nation, the health care uncertainty in Washington, D.C. is causing some separating couples to re-evaluate if

The Financial Side of Divorce

Tuesday, 06 December 2016 by

Divorce is difficult. You are both figuring out what your new lives will be once the divorce agreement is signed. One of the hardest aspects to resolve during divorce is the finances. The Financial Side of Divorce Mark Zandi, a chief economist at Moody’s Analytics, who has researched divorce and corresponding demographic trends has found,

Understanding Spousal Support

Wednesday, 12 October 2016 by

If you are getting divorced, and are seeking spousal support, or are expected to pay spousal support payments, there are some important things you’ll want to understand. A family law attorney will be able to walk you through the specifics of your case, but here we’ll provide you with a general overview of aspects of spousal

Financial Freedom After Divorce

Tuesday, 16 August 2016 by

Divorce is scary to face. A million questions will be asked before any answers are found. You will need to start a new life, and the tolls of that will not only be emotional, but also financial. Regardless of if you are receiving child support and alimony, or paying child support and alimony, you will

Alimony, also known as “spousal support,” is one of the last aspects of a divorce to be decided, often falling behind child support and custody and marital property division, but it is just as important. What is Alimony / Spousal Support? Alimony, often called “spousal support” is when one spouse pays the other in order to

When we’re little kids we imagine finding our prince or princess and riding off into the sunset that is “happily ever after.” We never think that “happily ever after” will end in divorce. Yet, for a lot of people, that’s exactly where their story ends up. Finding the Silver Lining of Divorce It goes without

Tax Repercussions and Support Payments

Wednesday, 04 February 2015 by

If you’re paying or receiving spousal support or child support, there are some basic tax laws regarding support payments you need to remember. If you receive spousal support, you must declare it as taxable income . If you’re paying spousal support, you can deduct it. Child support is not taxable and not deductible. Tax Strategy During Divorce

Enforcement of Alimony Orders

Monday, 05 January 2015 by

People fall behind on alimony payments for a lot of reasons. The impact on those receiving the payments can be extreme. Here’s what to do if your spouse fails to make your alimony payments. Why? If you are not receiving the alimony payments the court ordered to be paid to you, try to find out

Spousal support, also called alimony, is the payments that one spouse makes to another spouse after a divorce in order to maintain the former spouse’s standard of living. But how is spousal support determined when it comes to who pays who and how much? California Law Regarding Spousal Support California law dictates that a court determines spousal

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