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Divorce Resources for Women

‘Alimony’ Category

Divorcing And Not Working? You Might Regret It

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If you’re divorcing and not working, you might regret it. Why?
Standard advice used to be not to go back to work as it would likely impact the alimony you’d receive and not just the amount but also the duration.
You’ll rarely hear that advice these days. Gone are the days of lifetime maintenance, and if you’re not working you’re at risk of being treated as voluntarily unemployed. That (more...)

Make Sure The Divorce Is Final Before January 1 To Save At Tax Time

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2018 is almost history. So is alimony deduction. The current administration’s efforts to reform the tax law has created a rush on divorce deals. Federal alimony deduction comes to an end at midnight on December 31 and alimony will not be tax-deductible by the spouse making the payments. Under present law, alimony can be deducted […]

The post Make Sure The Divorce Is Final Before January 1 To Save At Tax Time appeared first on .

How an Oklahoma Prenuptial Agreement Can Actually Help Couples Before Marriage

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Prenuptial agreements, also known as “prenups” and “antenuptial agreements,” have always received bad press and negative connotations. However, prenups have become more common in recent years, especially for second marriages, blended families, and individuals who are concerned about protecting a separate business, family gifts or inheritance. 
Antenuptial agreements are commonly believed to be a negative occurrence prior to marriage because they are predicated on the couple eventually divorces. This is a common misunderstanding that (more...)

Do I Have Rights as a Grandparent in Oklahoma Child Custody Decisions?

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The bond between a grandparent and a grandchild can be immensely strong. The thought of their grandchild not having the best life possible can be unthinkable. There are certain situations where the grandparents think it is in the child’s best interest to live with them and be awarded visitation, joint custody or sole custody. 
We review the requirements that must be met for grandparents to ask their child custody attorney to petition for child custody and (more...)

Do I Have to Claim Child Support Income on My Taxes?

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Question:
Last year my divorce with my husband became final and he started paying me child support for our two daughters. I’m going back to school, and the child support and alimony make up a lot of the money I get (I also work part-time). This is the first year I’m filing my taxes as a single since we got married. Do I have to claim the child support as income? Will I end up (more...)

How Recent Federal Tax Code Changes Will Make Alimony Payments Go Up in Florida

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How Recent Federal Tax Code Changes Will Make Alimony Payments Go Up in Florida
sklemp
Tue, 11/13/2018 - 12:39

United States
Florida

Are you a breadwinner planning to get divorced in Florida? Beware -- a new law could make you pay more in alimony.

The new law, called the federal Tax Cuts and Jobs Act (TCJA), went into effect last year.  It changed the way the IRS taxes alimony payments. For the last 75 (more...)

Splitting Up Will Be Complicated — Thanks To New Tax Legislation

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For divorces completed after December 31, 2018, the revised tax rule turns alimony into something non-tax-deductible for the payer and non-taxable for the recipient. The change eliminates the existing tax incentive for bigger supporter payments. The current deduction saves up to 50% in taxes for top earners in high-tax states like New York. Women are […]

The post Splitting Up Will Be Complicated — Thanks To New Tax Legislation appeared first on .

A Guide To Starting A College Fund For Your Child Even Without The Help of Your Ex

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Nearly one-third of all households in New Jersey are headed by a single parent. Some receive support from their former partner, but a substantial number of single parents live on their own income. Frequently, a non-custodial parent is unable to contribute alimony or child support for a number of reasons.
This puts a lot of pressure on the custodial single-parent to provide for their children financially and give the children what they need. Money for college is no exception.
(more...)

Is An Uncontested Divorce Possible For You?

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The Basics of Uncontested Divorce
An uncontested divorce is one where all of the issues are settled without litigation by attorneys. It requires a couple to agree on all the important points, such as alimony, child custody, and how to divide their property. This is typically the best-case scenario because the divorce will be over quicker, and legal fees will be lower with less for lawyers to do in court.
A contested divorce is the opposite. Strong disagreements between (more...)

Divorce Stories That Will Scare You To Death!

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Divorce is scary for everyone, but yours doesn’t have to be a nightmare!
Join us THIS FRIDAY, October 19, 2018 at the DivorceTown® Help & Hope Seminar / Protect Yourself! to find out more!
Our featured articles this month include a sampling of some of the most haunting, but true, divorce tales we could find.  This doesn’t have to be you!  You have all the resources you need right here at your fingertips, (more...)