What is No-Fault Divorce? No-fault divorce refers to a divorce in which the granting of a dissolution of marriage does not require a showing of wrong-doing of either party. It is therefore not necessary for one party to produce evidence that the other has committed a breach of the marital contract. In other words, you […]
As we all know, divorce can be complicated. It involves money, custody issues, child support, spousal support, and other legal aspects. You need to educate yourself, protect yourself and empower yourself on these issues. Until you’ve done that, you’re not ready. For example, do you know how many bank accounts you have as a couple […]
Q. What if spousal support is payable for 6 years, but one spouse dies? Payments must cease upon the death of the recipient in order for it to be considered spousal support for tax purposes and tax deductible to the payor. Spousal support can be paid after the death of the payor, typically from their estate in […]
The struggle is real. It should come as no surprise that in most divorce cases, paying for college after divorce becomes a challenge for both parents. In fact, a study published by the Journal of Family Issues found that divorced parents contribute about one third of what married parents contribute. The truth is, students with […]
Finding ways to stretch the family dollar and live on less money is often the hardest part of life post divorce. Here is a place to start: Create a budget with the goal of achieving the following results. 1. Detail all income and expenses Determine your net disposable income from employment, support and any other […]
