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Before the Tax Cuts and Jobs Act, we often counseled clients about the tax benefits of alimony. However, as of Jan. 1, 2019, the landscape changed. Forbes notes that now, the spouse who receives alimony does not report it as taxable income, and the payor does not...
Going through a divorce will prompt you to closely review your finances. In addition to your assets, pay close attention to any debt you share with your soon-to-be ex-spouse.For example, joint credit card debt is extremely common among married couples. If you're...
Once you decide to divorce, there will come a point in the near future when you begin to think about property division. Although you may have concerns about equitable division, there are steps you can take to put your mind at ease.Here are some of the most common...
As you stare down the divorce process, you'll come to find that matters of property division quickly move to the front of your mind. It's important to focus on this detail, but you should never lose sight of any debt that you share with your spouse.For example,...
As you ponder divorce, you're sure to have many questions regarding the property division process. Even if you have a lot of assets, many individuals immediately focus on trying to retain the family home.Will you get to stay in the family home? If not, what will...
When you decide to divorce, you should come to grips with the fact that you aren't able to keep all the assets you accumulated during your marriage. Instead, these will be divided between you and your ex-spouse.Since this can be a sticking point of any divorce, you...
You never get married expecting divorce. Now that it's happening, it's common to feel unprepared. Ending a marriage can be a long and complicated process. Fortunately, many of the underlying principles for divorce in the Buckeye State are simple enough to make...