Tag: divorce
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Pets as Property: A Change of Viewpoint in the Courts
Historically, the courts have treated pets as chattel or property. While families have an obvious emotional connection to their pets, the law views them as personal property, similar to a piece of furniture. As a result, many courts will distribute the property (pet) to one party or another. In extreme cases when an agreement cannot…
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Divorce: What Happens to Your Retirement Accounts?
Partner Gayle Rosenblum was invited as a guest on Heller Wealth Management’s podcast, “The Retire Right Podcast.” In this episode, Larry Heller and Gayle Rosenblum discuss the financial considerations that go along with divorcing later on in life and explore the special challenges that older adults face when they’re going through a divorce. Gayle explains…
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The New (Divorce) Tax Law…and Race to the Finish Line
In December of last year, the president signed into effect a new tax law. Among other things, this law will affect the tax impact of the payments of spousal support (also called maintenance or alimony). Effective January 2019, spousal support will no longer be deductible by the person paying it and will be taxable to…
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Post-Divorce: The Power of the Paper Trail
Once the divorce papers are signed, it’s not over. If there is a financial obligation between two individuals, then there will remain an on-going relationship between them. Here are some tips to make those interactions as smooth as possible. Child Support If a parent is not paying child support as required, there are a few possible…
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Five Tips to Help You Get Through Divorce
Going through a divorce can be stressful. Knowing what to expect can help you face the challenges you’ll encounter and increase your resilience. Here are five important facts about the divorce process that you should be prepared for, and tips to take into consideration. Divorces are emotional and difficult. Whether you’re the one who wants the…
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Help Your Lawyer Help You! 3 Tips to Keep in Mind
Many people going through a divorce or other family law related matter have limited experience working with a lawyer; some may have never before hired a lawyer. Others may have prior experience in matrimonial litigation or in other types of cases. The tips below will help anyone going through a divorce, regardless of how many…
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3 Tips for Divorced Families to Survive the Holidays
Below are three tips for how to deal with issues concerning your children post-divorce during the holidays. Tip #1 Try to have whatever parenting time schedule you are going to follow worked out before the holidays. Do not wait until December 23rd to work out your holiday and vacation schedule. (And if you need assistance from…
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What If My Spouse Has Unreported Income?
It’s not uncommon to find that somebody who is living a $300,000-a-year lifestyle is reporting $40,000 on their income tax returns. It is a common scenario where one party in a divorce operates their own business in which certain expenses are run through the business, and/or fails to report all income on tax returns. Business…
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Keeping Your Kids out of Your Divorce
While concerns regarding your children may be utmost on your mind, children suffer when they literally become the center of the divorce process. Having divorced parents does not mean a child is not entitled to have a positive relationship with both of them. No matter how angry or bitter the parents may feel toward each…