As of January 1, 2019, the federal Tax Cuts and Jobs Act (TCJA) significantly altered the tax treatment of alimony payments. For divorce or separation agreements executed after December 31, 2018, alimony payments are no longer tax-deductible by the payer, nor are they...
Even though you may have noticed a few issues in your marriage, you may not have expected divorce. But your spouse just broke the news to you. So, what's next? Here is how to respond to divorce news: 1. Stay calm While it can be stressful to learn that your spouse...
Many people use social media to tell others what they are up to and see what others are doing. If you are one of them, consider taking a break from it while you divorce. Here are some reasons why: It gives others access to private information Social media can give...
The divorce rate has declined in recent years, with the exception of couples aged 50 or above. Younger couples who marry are less likely to divorce than their predecessors. Why is this? Here are some of the theories researchers have come up with: People think more...
Working with a team of professionals is crucial when going through a divorce. You don't want to make costly mistakes that can negatively impact your future or parenting rights. But who should be on your team? Here are three professionals to work with: An appraiser An...
One of the most complicated aspects of the property division of a divorce is dividing a business. The challenges stem from multiple factors, and it helps to understand the hurdles you may encounter to prepare accordingly and protect your interests. First in line is...
If you are the one deciding to divorce, you will have to let your spouse know at some point. You should probably do it relatively soon after you have decided. However, sometimes it pays to wait until you have got yourself organized and put some money aside to get you...
Divorce can be heartbreaking as a parent. You know you won’t be able to spend as much time with your child as before because they will need to spend some of their time with the other parent. So you might be tempted to push for as great of a share of custody as you can...
One of the most difficult things for divorcing parents and their children is the realization that contact time is going to diminish. Whereas both parents once had unlimited access to their children (legally at least), now that time must be split. When it’s time for...
If you are in a marriage, you don’t want to be caught out unawares by your spouse filing for divorce. You also don’t want to put yourself in a situation where the only person who doesn’t know your spouse is being unfaithful is you. Research has found that the...
