If neither spouse wishes to remain in the family home after a divorce is finalized, or if neither spouse is financially able to buy the other out, you may put the property on the market. Before the sale can proceed, you will must pay off the mortgage, equity lines and brokers’ fees, along with applicable capital gains taxes. If market…
If you’re going through a divorce and have children who are either attending or preparing to enter college, you might wonder how you will handle tuition and other college-related expenses in your post-divorce life. The following are answers to a few of the most common questions we receive on this issue: Q: Are divorced parents obligated to pay for their…
There’s a chance you could be awarded alimony as a part of your divorce settlement. In this arrangement, you may have a choice between getting an upfront lump sum payment periodic payments spread out over time, especially if that alimony arrangement will be a short-term one. Although most people have periodic alimony arrangements, there are some reasons you might consider…
As you work through your divorce settlement, it’s understandable if most of your focus gets placed on child support and custody arrangements, alimony and major assets like houses, cars and retirement accounts. However, as you negotiate your settlement, make sure you are considering all your assets. There are a few that often go unconsidered in divorce cases, including the following:…
Although U.S. divorce rates have been in decline in the new millennium, many people still find it advisable or beneficial to create prenuptial agreements that protect their interests and assets in case a divorce happens. It’s true that prenups can be useful agreements to protect people from the harmful fallout of a divorce. However, certain elements of a prenup could…
One of the most important tasks to complete when going through a divorce is planning for your financial future. A part of this is determining your tax outlook after the divorce is finalized. Paying taxes is always at least somewhat complicated, but a divorce can make matters even more difficult. However, with the help of an experienced attorney, you will…
U.S. divorce rates have risen and fallen over the past several decades. During that time, each generation has had its own approach to divorce. The divorce rate peaked during the late 1970s and early 1980s, but ever since it has been on a steady decline. However, the number of new marriages that fail is still over 50 percent, according to…
During a divorce, both spouses must be completely open and honest about the assets they own — and the value of those assets. However, trust issues are common for people going through a divorce, and some may have a hard time being certain they are truly getting a fair share of the settlement. This is one of the reasons the…
Every marriage has its rough points, and all couples have disagreements least occasionally. It is how couples work their way through those arguments that determine the long-term health and viability of a relationship. Ultimately, spouses who frequently argue in unhealthy ways tend to get divorced at higher rates. How can couples argue without it leading to the end of their…
Within the last few years alone, 12 states have discussed bills in their legislatures that center on the issue of the legality of child marriage. So far, all these states have said children under the age of 18 can marry, but there are certain conditions attached to it. An important follow-up question that has not gotten as much attention is…