You and your spouse have contributed to your IRA throughout the course of your marriage, planning to spend your golden years together. Now that you’re divorcing, you are both entitled to part of that money. You may be wondering about avoiding the tax penalty imposed when you take the money out before age 59.5. Learn […]
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For many divorcing couples, their children’s college funding is a priority during negotiations. It makes sense—college, even if your children attend public institutions, can be expensive. It’s often prohibitively expensive for children who don’t get parental support. If you’re determined to have your ex-partner pay for all or part of your children’s college education after […]
Divorce is stressful, anxiety-inducing, and painful—and that’s in the best-case scenario. When you’re divorcing someone with substantial assets, however, the stakes are even higher. You’re preparing to split from someone who can likely outspend you legally, has more knowledge of their assets than you do, and is determined to protect those assets. When divorcing a […]
One topic that frequently causes disputes in a divorce is the division of assets. In some cases, both parties feel entitled to more than they really deserve. In others, one party is willing to divide assets fairly but the other is not. Asset division is such a touchy topic that some people turn to hiding […]
If a wedding is on your horizon, you may be considering a prenuptial agreement. While many people believe that prenuptial agreements are only necessary for those with massive wealth or assets, a prenup can actually be a helpful tool for couples of all income levels. Although no one plans to divorce when they get married, […]
While some divorces are straightforward, easy to negotiate, and fast, others are bound to be more complex. Divorces in which one or both parties have ownership in a business are likely to be fairly challenging as marital property laws in Alabama may give the non-business owner the rights to some business assets. What should you […]
When you decide to get divorced, it seems like the tough decisions never stop coming. Unfortunately, this is also true when it comes to your final divorce settlement and taxes. A number of decisions you make regarding your divorce could impact your taxes for better or for worse. Before you agree to finalizing any aspect […]
Divorce takes a toll on your mental health, your stability, and your finances. Some forget to take care of their finances during a divorce, assuming that there’s no point to it when everything is in free fall. However, this is actually the best time to take control of your finances and use them to prepare […]
In case holiday custody struggles weren’t already hard enough, 2020 brought us COVID-19. COVID-19 has highlighted serious disagreements between co-parents, whether they disagree on the severity of COVID-19, how best to keep their children safe from it, or their role in limiting its spread. At the holidays, when many people gather in multi-family celebrations, the […]
Divorce provides more questions than answers. If you or your spouse have received a personal injury settlement during the course of your marriage, you may be wondering if that settlement is divided up in the course of your divorce. The answer, as it is with many divorce-related questions, is it depends. For more personalized advice […]
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