Tax Implications of Divorce

Divorce can significantly impact your tax situation from filing status to claiming dependence and even the potential tax implications of alimony. Being prepared and understanding these changes can prevent costly mistakes come tax season. For more information, please consult an experienced family law attorney.

Should I Speak with a Lawyer Before Signing a Prenup?

So I would definitely recommend that they should speak with an experienced family law attorney in order to figure out how far ahead of time prior to the wedding should the parties sign a prenuptial agreement. Obviously you don’t want to sign it the day before the wedding, but certainly I would recommend they speak

The Hidden Costs of Divorce

Beyond the apparent legal fees, divorces come with hidden costs, from therapy and counseling to setting up a new home. It’s easy to underestimate the full financial impact of ending a marriage. Planning ahead can mitigate some of these unexpected expenses. For more information, please consult an experienced family law attorney.

Should I have a Prenup?

Prenuptial agreements are good for some marriages, some marriages they may, they might not be beneficial for. It really depends on the person’s station in life and what they’re trying to protect or what they’re trying to get out of the prenuptial agreement. Certainly if they’re going to do a prenuptial agreement, they would need,

Retirement Accounts and Divorce

Dividing retirement accounts can be complex due to tax implications and potential penalties. Whether it’s a 401k, an IRA, or a pension plan, you need to understand these are assets that aren’t going to be evaluated and divided to ensure a secure financial future. For more information, please consult an experienced family law attorney.

Who Pays for Private School?

So private school payments are not considered in base child support, private school tuition and related expenses through high school graduation are considered a luxury. There are a certain set of facts that the court can consider whether it should order a child to attend or stay in private school, such as, is the private

Divorce and Your Home: To Sell or Not to Sell

The marital home is often the most significant asset in a divorce. Deciding whether to sell it, have one spouse buy out the other, or to continue co-owning it, are decisions fraught with both emotional and financial implications. It’s essential to weigh the pros and cons with a clear head and sound advice. For more

Who Pays for Uncovered Medical Expenses?

So those expenses are going to be split pro rata between the parties. Pro Rata means how much is one parent’s net income as combined to the total net income of the parties. So if their net income is $100,000 and one parent makes $80,000 net, the other parent makes $20,000 a year net. That

What is PEACE?

You want peace, but peace is an acronym you need to know as part of your dissolution of marriage action, and even in a paternity action. These are factors a court must consider in your case, and in the order the court must consider them. P is Parenting Plan, including issues such as time-sharing, parental

High Income & Child Support

So there are situations where a parent can file a motion to deviate from the child support guidelines based on the good fortune of one parent. So if the child support guidelines is exceptionally high and it far exceeds the needs of the child, that parent would ask for a deviation and ask for certain

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