Divorce can be overwhelming emotionally and financially. According to statistics, women who get divorced typically experience a drop in the lifestyle they once had. It is so important, now more than ever, to maintain your financial situation while you cope with your divorce. Whether you are still in the process or are newly divorced, here […]
Alimony or Spousal Support
Determining Your Post-Divorce Expenses
Making a list of expenses and a budget can help to create a more financially secure post-divorce future.
Alimony, Child Support, and Taxes
The issues of alimony, child support and taxes frequently confuse and confound people as they are going through the divorce process, and that need not be the case. Each has its own factors to consider and can be taken individually for better understanding. Alimony, which may also be referred to as spousal support or spousal […]
Tax Considerations Before and After Divorce
When people are going through a divorce and/or have just finalized a divorce, they often forget about tax consequences and considerations. That is a critical error on their part that could prove to be very costly. Divorce can take a financial toll, so it is financially prudent to take advantage of any tax benefits that […]
The California Supreme Court Redefines Date of Separation in Divorce Cases
On July 20, 2015, the California Supreme Court held “that living in separate residences ― is an indispensable threshold requirement (Norviel, supra, 102 Cal.App.4th at p. 1162) for a finding that spouses are ―living separate and apart for purposes of section 771(a).” In Footnote 7, the Court states, “Under the facts presented by this case, […]
Shortsighted Financial Affidavits: Depreciating the Standard of Living
Anticipating the issue and being proactive is the key to overcoming shortsighted financial affidavits. Here are some tips on how to do it.
When Women have to Pay Alimony
The tide has shifted in the workforce, and more and more women are taking on high-level career positions. Today, women are the top income earners in one-third of all marriages. With an average of 50% of marriages ending in divorce, this shift has resulted in another tide change. A new and growing trend has emerged […]
Alimony Reform Fails in Florida
For the past two years, the Florida legislation has failed to pass alimony reform. In 2014 Governor Scott vetoed the legislation hours before it was to become law. In 2015 the legislation failed as the House and Senate could not agree on the appropriate version of the bill. So nothing has been done to date. […]
3 Questions That Should Be Answered in a Prenuptial Agreement
Read on to see what three prenuptial agreement questions we recommend to ensure a comprehensive, fair, and clear agreement for you and your spouse.
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