Traditional divorce can be a lengthy process. Separating two lives typically takes time. This impacts more straightforward divorce cases that don’t involve children, joint property or alimony. Those cases must wait behind the more complicated cases like the person with a few items at the grocery store waiting behind the person with the full cart.
Dividing the family business during a divorce
It can be a challenge for a Connecticut couple to determine how they are going to divide their business during a divorce. The divorce process already has enough emotional challenges on its own. When a couple throws in a business that both of them may have been emotionally invested in, the challenges can skyrocket.
Don’t hire the first attorney you meet
Many people take their time when making big purchases. You may test drive several vehicles or tour several homes before making the decision to purchase. The same process should apply to choosing an attorney to represent you during your divorce. It’s possible that the first attorney you meet may not be the best for your situation.
Claiming dependents in a divorce
The ability to claim a child or another dependent on a tax return can have a profound impact on the ability to claim deductions or credits. It can also impact a person's chances of claiming Head of Household status. If there is no custody or similar agreement in place, the IRS will use a series of rules to determine which person gets to claim a person as a dependent.
