If your spouse is filing for divorce due to your adultery, it's important to understand how your decisions can affect the divorce proceedings. Fortunately, adultery doesn't instantly mean that you lose everything. The following answers can help equip you with the knowledge you need as your case moves forward. Will your spouse be awarded more of the property or higher alimony if adultery is involved? Not necessarily. Generally, property is split equally between the divorcing parties regardless of the reason for the divorce.
16 August 2016
The upheaval of divorce can make it a challenge to focus on your finances, but you should know that the financial decisions you make now could continue to impact you for a very long time. Read on for more information on turning these divorce-related financial mistakes into positive moves that will help create a more financially-secure future for you and your children. Failing to look at the big picture. Don't allow the stress and emotional aspects of divorce to keep you from taking a hard, realistic look at your financial picture.
10 May 2016
Even though your divorce may be taking quite some time to finalize, you may need to file your income taxes before it officially happens. Your relationship may be faltering, but you are still obligated to file your tax returns with a married filing status. Thankfully, you can file your taxes as a married couple, but still file separately. Your filing status will be determined by your legal marriage status at the end of the tax year.
16 February 2016
Getting married involves a lot of planning and change, but between the wedding plans and combining of two lives into one, there is one big component that may get left out: the combination of two financial lives. Once the vows are said and you and your partner are off to start your new life together, you may come to the realization that combining your finances is a little harder than you expected.
5 January 2016
The calculation of child support is always a mystery to many people. If you are going through a divorce, it's good to have a basic understanding of the process to prepare you for the payments. Here are three things you should know about how courts calculate child support: Income Includes Nonmonetary Receipts Your total income is one of the factors that determine how much child support you receive. What you may not know is that it isn't just monetary income that matters.
17 November 2015
If you are planning to buy a house and cohabit in with your partner, then you should be very careful about how you treat it in your cohabitation agreement. There are different laws for divorcing spouses and those who are separating after cohabiting for some time. In most cases, the court will rely on your written agreement. Some of the things to address in this agreement, as far as the house is concerned, include:
15 September 2015
If you are seeking alimony or will be responsible for paying it, knowing how courts determine the amount owed is important. By knowing ahead of time, you can start to make financial plans for the future. Although the rules can vary by court and state, there are some key factors the judge looks at when determining what is owed. Who Is At Fault for the Divorce? One of the factors that a judge might consider is who was to blame for the end of the relationship.
18 August 2015