Divorce Impact on Life Insurance Needs
It’s important to consider your life insurance needs prior to the divorce so that you can include appropriate provisions into your settlement. If you pass while married, in most states, …
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Protection in Divorce Against Asset and Income Hiding
Your and your spouse’s income and asset information are needed when structuring the key divorce settlement issues: property split and any alimony or child support calculations. If you suspect that …
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Financial Impact of a Properly Structured Alimony Agreement
Over the years, we have seen cases in which separation or divorce instruments violate the requirements for structuring alimony payments correctly. These situations often produce a negative financial impact for …
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Bankruptcy and Divorce
There are several issues to consider when contemplating a bankruptcy filing as part of a divorce. Certain debts are dischargeable and others are not. The following divorce related debts are …
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Community Property vs. Equitable Property Rules in Divorce
Nine states are Community Property states Arizona California Idaho Louisiana Nevada New Mexico Texas Washington Wisconsin In contrast, other states follow an Equitable property distribution. Both terms are described below. …
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Divorce and Claiming Your Child as a Dependent
The ability to claim the dependent child exemption can be a significant advantage for a divorced parent. It’s important that this exemption be consciously planned for as part of the …
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Impact of Retirement Account Split
An area where many individuals get into tax trouble is when splitting their Qualified Retirement Accounts (QRPs) and Individual Retirement Accounts (IRAs). Once you have come to the revelation that …
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Preparing For the Divorce – Assessing Your Financial Condition
One of the situations that we see in many family situations is where one spouse is the primary caretaker of the financial obligations for the family. That person may have …
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