Providing for Your Child’s College Education in Your Divorce Decree

It is important to provide for your child’s college education before you sign that divorce decree. Make sure that your attorney has spelled out the college education that you, your ex, and your child have in mind. The specific language should provide the best financial outcome for your child and both parents. Beth Walker of College Founding Coaches provides the below checklist of things to consider, during your divorce process, regarding your child’s college education: 1. The parent with the least amount of income should have often have custody or be the residential parent (and the corresponding tax deduction for

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As breadwinning moms increase so do dads seeking spousal support

Women are the sole or primary breadwinners in 4 out of 10 households with children, according to a 2013 report by the Pew Research Center. This has happened by choice, by chance, or by need per a new survey of 2,000 working moms and dads conducted by Working Mother Media. These moms and dads speak out about how they feel about their roles. The ‘pleased’ vs. ‘reluctant’ breadwinning mom Breadwinning moms who didn’t choose to be the primary earners in their families tend to feel less satisfied about their lives than women who consciously selected the role: 29% of the

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An introduction to Missouri spousal maintenance

Missouri maintenance law has some traditional and some modern aspects. For most divorcing couples, whether spousal maintenance – a legal obligation of money support payments from one ex-spouse to the other – is awarded can make a big difference in the future economic situation for each of them. Historically called alimony, Missouri statutes now refer to these support payments as maintenance. Negotiated maintenance First, the parties may decide to negotiate an agreement about whether maintenance will be paid as well as its terms such as amount and duration. Missouri allows the spouses to negotiate maintenance as the subject of a

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Alimony tax deduction eliminated

The alimony tax deduction has been a staple of divorce law for a long time. The issue first arose to prominent in the U.S. Supreme Court case of Gould v. Gould, 245 U.S. 151 (1917). In Gould, the U.S. Supreme Court ultimately found that alimony was not tax deductible. In 1942, Gould was overruled by the Revenue Tax Act of 1942. Since that time, alimony (also known as spousal maintenance) has been tax deductible in divorce matters. Litigants in divorce matters have come to rely on the fact. However, under a new tax bill that was presented to President Trump,

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Helping Your Children During Your Divorce

Couples getting a divorce often worry about the impact on their children. Breaking the news, and helping children deal with their emotions and new routines may be challenging. Parents, however, may use a variety of strategies to make the transition easier. Telling the Children To minimize distress and uncertainty, children should know about the divorce earlier in the process instead of at the last minute. Experts give the following tips for the often difficult conversation with the children: Tell the children together Keep it simple and avoid going into details about each other’s faults Emphasize that the divorce is not

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What are the basics of alimony law in Oklahoma?

Judges have fairly wide discretion to fashion alimony awards in Oklahoma. One of the more important legal issues to be settled in divorce is whether alimony – the payment of support from one ex-spouse to the other after divorce – will be granted as part of the final divorce order. In many divorces, alimony, also known as spousal support or spousal maintenance, can make a major impact of the lifestyles of the parties – both the paying party as well as the recipient, in some cases. First, two people who are divorcing often can negotiate a settlement agreement in which

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Prenuptial Agreements Line by Line

Aspatore Books from Thomson Reuters Westlaw

Strategies For Family Law Illinois

Aspatore Books from Thomson Reuters Westlaw

Strategies For Military Family Law

Aspatore Books from Thomson Reuters Westlaw

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