After a divorce, alimony can give some financial breathing room to a former spouse with low earning potential. If you make alimony payments to an ex-spouse, you may wonder whether you can deduct those payments on your taxes. So, is alimony tax deductible? Find out below. Alimony Under the Old Tax Code Prior to 2019,...
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When you and your spouse are talking about divorce, you face quite a few emotionally charged financial decisions. You may have already discussed who will stay in the house and whether either of you will pay spousal support, but do you know about pensions and divorce in Maryland? Pension benefits may actually qualify as marital...
In most cases, you don’t want to move out of the marital home before the divorce is finalized. However, Maryland is a little different from many states. If you can’t file a no-fault “divorce by mutual consent,” you and your spouse may need to live apart for a 12-month separation to file a divorce based...
As a man going through a divorce, you must be diligent to avoid mistakes that could land you with fewer rights and unfair outcomes after the division of property and child custody. At Jimeno & Gray, our divorce attorney for men commonly sees the following mistakes men make during divorce. Giving Away Rights to Custody...
Divorcing a spouse involves making a lot of changes to your lifestyle and assets. You and your spouse may be wondering: who gets the golf club membership in a divorce? Is this something you should divide equally, or how will you ensure a fair distribution? Read on to learn the answers to these questions and...
There’s an increasing rate of divorce in the United States. Statistically, there are about 2.7 divorces per 1000 people. Although the rate may not be as alarming, the effect on those affected is huge. Divorces take a huge toll on affected parties’ mental, emotional, and financial health too. If you’ve ever been involved in a...
Marriages start on a promise of “happily ever after.” However, many couples find that their orientation and outlooks have changed over the years. These changes may pit each person against another, causing marriage dissolution. Divorces aim to legally separate couples who were legally joined. In most cases, both parties will seek to protect their rights...
A marital separation agreement is a legally binding document drawn between a married couple that helps the couple formally divide assets, marital responsibilities, and debt, making separation fair and smooth. The agreement includes essential items like child custody, visitation, child support, alimony, and property division. A divorce lawyer will submit the completed separation agreement to...