Depending on the state in which the spouses reside and are filing in, their property and financial division will fall under community property or equitable distribution. Knowing who will retain ownership of finances, assets, and property will make the divorce process that much easier when the times comes. Having all…
Divorce marks a giant change in your home life, but it also means change in your financial life. Whenever a divorce takes place you must change how you file for your federal, state, and local taxes. Taxes are a complicated matter, but when a divorce takes place a person’s tax…
Up until 1979, alimony was only awarded to (ex)wives, and not to husbands. Now, you may think that the times were different and women didn’t really have the rights or means to be able to fully support their husbands once divorced. This is partially correct, but this was also the…
Up until 1979, alimony was only awarded to (ex)wives, and not to husbands. Now, you may think that the times were different and women didn’t really have the rights or means to be able to fully support their husbands once divorced. This is partially correct, but this was also the…
It was inevitable that divorce would make its way into the technological era. Thanks to the vast number of people connected to the internet from a multitude of different sources, whether its via smartphone, tablet, or computer, online interactions and transactions are expected. We bank online, and shop online, so…
Concerns about the economy are a prevalent topic of discussion throughout our nation. Divorce in itself can be a messy ordeal, but when combined with poor financial management or even the splitting of a family’s finances can be catastrophic to a single spouse’s financial future. This is not limited to…
Alimony, or spousal support as it is commonly known as, is the payment of funds from one spouse to another when there is a dissolution of marriage. During the divorce filing and the process itself, a judge will decide on alimony payments and have both parties sign off on all…
Society does not sit around and wait for an economic resurgence. We all continue on with our lives, striving to make our own place in this great nation and pursuing our right to life, liberty and happiness. While the first two in that list are inherent, the last one is…
As a novice with no training, crunching numbers can be a tedious process. It’s even more stressful when you’re looking at your own assets and trying to gauge a budget or plan for the future. Divorce in today’s world can really do damage to a nuclear families financial situation. Jobs,…