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Posts tagged "Divorce"

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.

What may happen to a business in divorce

People who own a Connecticut business may be concerned about how to protect it in a divorce. Some people might choose to create a prenuptial agreement that makes the business separate property, or it might name a certain amount the spouse will receive. Couples who own a business together may want a prenup in which they agree to continue operating the venture even if they get a divorce or in which one agrees to buy out the other. A post-marital agreement can serve a similar function if the couple is already married.

How do I modify my divorce orders?

In rare cases -- when the decision of a judge was obviously unlawful or unfair -- a divorced person can appeal the decision to try and get it changed. In most cases, when a judge makes a decision, the decision is usually final.

Protecting your children with divorce mediation

As a spouse, you know it's time to end your marriage, but as a parent you worry that a divorce may harm your children. This is a reasonable concern, and one that many more parents should carefully consider before serving a spouse with divorce papers. However, there's good news for parents who worry about the effects of a divorce on children.

Not happy with the divorce decree? Go back to court

The day you walked into court to finalize your divorce, you expected that to be the end of it. However, after a few days of contemplating the divorce decree, you realized that you are not even close to happy with the decisions the court made. But what can you do now that the divorce is final? Do you have any options at all?

Could you benefit from a collaborative law divorce?

The use of alternative dispute resolution in divorce proceedings just makes sense. Imagine you have been married for 15 years and you're seeking a divorce. You and your ex-spouse may have amassed a lot of marital assets together, including vehicles, real estate, retirement savings, cash bank accounts and more. You may also have child custody and child support decisions to make.

Self-Representing In Your Divorce Can Backfire

If you're about to start your divorce process, you may be tempted to believe that representing yourself will save you money that you'd rather keep than throw at lawyers. While this is an understandable reaction, the truth is that you're probably underestimating what the whole process of divorce involves and requires. If you're not familiar with that process, you may end up hiring a lawyer later, and spending that money anyway on top of the money and effort you've already spent trying to do it yourself.

Records of alimony should be retained for tax purposes

For Connecticut couples who have gone through a divorce, keeping records of alimony payments can help them if they are subsequently audited by the IRS or if one of the parties goes to court regarding an alleged lack of payment. They want to keep records for at least three years and possibly for even longer if they anticipate having to go back to court, which can happen if there is an attempt to modify alimony payment amounts or durations.

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