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Divorce Resources for Women

‘Taxes’ Category

Financial Fraud in Divorce: How You Can Protect Your Interests

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If you believe that your soon-to-be ex-spouse will be honest about the disclosure and division of assets and income, think again! According to the National Endowment for Financial Education, nearly one-third of U.S. couples filing for divorce engage in financial infidelity.
Financial fraud in divorce is quite common in the U.S.  One spouse may hide or misrepresent assets or steal the identity of their ex-partner to tweak the divorce settlement in his/her favor. Moreover, the (more...)

The oligarch, his ex-wife and their bitter £450m divorce. Enter Interpol…

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Russian oil tycoon fighting high court ruling over payout calls on international police agency to stop the seizure of his assetsIt’s a divorce battle that pitches Moscow against London, involving tax havens, sumptuous properties, a mega-yacht and priceless art. Now, the acrimonious row between Farkhad Akhmedov, a Putin ally and oligarch, and his former wife has taken a new, rancorous twist. After more than three years fighting a high court ruling ordering Akhmedov to pay Tatiana Akhmedova, (more...)

How To Keep Your Marital Home With Your Ex After Divorce

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Typically, the marital home in divorce either gets sold or one spouse buys out the other spouse but these days we’re seeing more and more cases where this isn’t what people want. Couples are wanting to know how to keep your house with your ex after divorce.
What’s driving these conversations are rising interest rates making it difficult to refinance. Home prices are also going up making it impossible for both spouses to (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 .

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...)

What Happens to My Estate Plan When I Divorce in Oklahoma?

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Many individuals neglect an important issue both during and after a divorce. If you and your spouse created an estate plan during your marriage, chances are you may not have the same wishes in your estate plan that you have now. 
Neglecting to consider your estate plan during your divorce and failing to update your estate plan after a divorce can have serious consequences for you and your family. We highly recommend consulting with a divorce attorney and (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...)

Marriage has only marginal benefits | Letters

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Unmarried couples have practically all the rights that married couples do, writes Rosemary AuchmutyIt is nonsense to say that unmarried couples have no legal partnership rights (Report, 3 October). Unmarried couples have practically all the rights that married couples do, except (1) exemption from inheritance tax on transfers between spouses, (2) an automatic right to inherit on an intestacy, and (3) the right, on splitting up, to go through a divorce – which, as the solicitor quoted in your (more...)

What are the Consequences of Not Paying Child Support in Oklahoma?

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After a divorce or child custody order, one parent is deemed the custodial parent, and the other the non-custodial parent. The non-custodial parent must pay child support to the other parent if ordered to do so. 
Not paying child support obligations can have a huge impact on your life and severe consequences. If your spouse is not paying child support or you are ordered to court because you aren’t paying child support, it is a very (more...)