Monthly Archives: December 2017
A Spouse’s Right to Asset Appreciation of Separate Property in Divorce
When couples get married, each brings aspects of their single lives into the marriage, including previously-acquired property. Solely-owned assets do not necessarily directly benefit the marriage, but they can become a point of contention when property is divided in divorce. Unless the couples privately agree otherwise, each spouse will walk away with a share… Read More »
Tax Bill Would Repeal Income Tax Rules for Alimony Payments
Amidst all the concerns of divorce, the tax consequences of property settlements and the payment of alimony are not commonly on a spouse’s radar. Property settlements can result in significant tax liability if not correctly structured, thereby reducing the real value of the acquired assets. When it comes to alimony, the party who pays… Read More »
Figuring Out How to Divide Credit Card Debt during Divorce
One of the hardest parts of any divorce is settling which spouse should be responsible for debt. Some financial obligations are easier to address, such as the marital home, which can be sold if necessary to get rid of a large mortgage, but other obligations, credit card debt especially, can lead to heated disputes…. Read More »
Determining When a Court Can Issue or Modify a Child Custody Order
Going through a divorce or breakup is hard enough by itself, but when child custody concerns are thrown into the mix, the situation can quickly turn complicated and messy. This is especially true if one parent recently moved to another state or divorce/custody petitions were initiated by each party in separate courts. A court’s… Read More »
