Prenups on the Rise for Millennials A prenuptial agreement can serve as a guideline for property and debt division in the case of a divorce, and can be effective in protecting assets during the proceedings. You can learn more @ www.brides.com.
In a divorce agreement, a QDRO ensures that an ex-spouse receives a predefined portion of an individual’s retirement plan. Consult with our experienced divorce and family law attorney for help if you would like to learn more. You can learn more @ https://finance.yahoo.com/news/qualified-domestic-relations-order-175101099.html?fbclid=IwAR0XKA12ZMj_DlsvNdNDCbLsrek2GXMumDuvOj-2aitOds_jxr6v09fI6ks
Spousal abuse can come in different forms. Financial abuse by your partner can result in long-lasting repercussions. This article describes signs that you may be in a financially abusive relationship. You can learn more HERE!
Few people expect to get over their divorce quickly and painlessly. Getting a divorce may be a big life change that can involve many different emotions – both good and bad. You can learn more @ https://www.liveabout.com/tips-for-healing-after-divorce-1102829
Almost half of those who felt their ex-partner was mainly at fault for their divorce ended up staying in the family home. You can read more HERE. Selling the home was the ideal outcome for people who blamed themselves for the divorce. If you need help understand your options during a divorce, contact Walters Law Group for help!
Divorce & College Planning Getting divorced? Don’t forget to talk about and plan for how you will pay for your kids’ college. You can learn more @ www.cnbc.com (CLICK KERE) Divorce and remarrying can have an impact on financial aid eligibility, and some schools will require financial information from both parents Regardless of your home state’s rules, experts say that divorcing parents should work out an agreement about college for their children Some states require parents to address how they will pay for college in divorce decrees
According to MarketWatch women face these surprises during a divorce. They are mostly financial surprises: Assuming child support and/or alimony would be higher or last longer Assuming they could keep the marital home Being unaware of the total size of their marital debt including the primary mortgage, home equity line of credit, auto financing, credit card debt, 401(k) loans and student loans Not anticipating they would have to return to the workforce The staggering cost of health care insurance Underestimating the cost of getting a divorce More women are payingContinue reading
According to Business Insider, scientists have gotten pretty good at predicting who’s most likely to wind up there. You can learn more HERE. Below are some factors that can predict divorce: Getting married in your teens or after age 32 Having a husband who doesn’t work full-time Not graduating from high school Showing contempt for your partner Being overly affectionate when newly married Weathering daily stress Withdrawal during conflict Discussing your relationship in a negative way What do you think?
In 2019 spousal support will no longer be a tax deduction. Contact us as soon as possible to finalize your divorce this year to maintain this tax benefit. A common tax deduction for alimony will be eliminated for any divorce finalized after December 31, 2018. This new law is part of the Republican tax overhaul President Trump signed into law late last year. The looming deadline has lawyers working overtime and their clients scrambling to become ex-spouses in a bid to avoid paying higher taxes. When a coupleContinue reading
You can learn more HERE! This article offers good tips to handle money situations that may come up after your divorce is finalized. After a divorce, you may find yourself discussing money with your Ex on a regular basis. While it may not always be easy to have these conversations, it’s important to maintain civility and focus on what’s best for you and your children. Prioritize Communicate Walters Law Group, Ltd. helps people and families with divorce and family law issues throughout Chicagoland. If you need help with aContinue reading