Divorce Articles.com

An area that needs to be examined while you are going through the divorce process is determining the tax filing status that will be the most advantageous to you. During the pre-divorce year(s), you have a couple of options that can increase or reduce your tax liability depending on which filing status you utilize.

Alimony versus Child Support Payments
Writer/submitter David Kane, CPA writes:

Alimony is also often called spousal support. Alimony payments are used to provide the spouse that is making a lower-income with funds to cover expenses that are not provided for through child support or through the division of property. Many factors come into play when determining the amount of alimony (spousal support) that can be awarded. Whereas child support is determined using strict guidelines provided by your state, the judge is often the deciding factor in whether or not alimony (spousal support) will be awarded.

Divorce Preparation – Assessing Your Financial Condition
Writer/submitter David Kane, CPA writes:

No matter what your situation, your divorce attorney, divorce financial planner or the domestic relations court is going to need your financial information. Some financial topics will apply to you and others will not. Take the time to investigate and list out your financial assets and liabilities. This inventory will help you and/or your advisors assess your financial condition and will provide a basis to make recommendations that best fit your overall divorce financial strategy.

Splitting Individual Retirement Accounts during Divorce
Writer/submitter David Kane, CPA writes:

Individuals often get themselves into financial trouble by splitting retirement assets without the proper court order or by not using a QDRO (Qualified Domestic Relations Order)

Life After Divorce: Living with Change and Uncertainty
Writer/submitter Shelley Stile writes:

The universe is in a constant state of flux. Nothing ever remains the same. In this respect we are a mirror of the universe. Look back on your life and see how it has been one change after another laced with constant uncertainty. Just when you think things have settled in they change again. I remember thinking how my life had dramatically altered when I married. Then boom! We moved, we had a child and my ex got a new job. Our heads were swimming. We sat down and realized that this was life: a succession of one change after the other with absolutely no guarantees on our future. We just had to roll with it.

Don't Marry Until You Can Discuss Money!
Writer/submitter Helga Hayse writes:

The number one cause of divorce today is marital finances. Many couples wait to discuss finances until after they marry and then find they completely disagree about how to handle money. Avoid this trap by insisting that you discuss and understand how money will be handled before you marry.

Bankruptcy Considerations During Divorce
Writer/submitter David Kane, CPA writes:

There are several issues to consider when contemplating a bankruptcy filing as part of a divorce. Certain debts are dischargeable and others are not.

Divorce: Freedom is the Reward for Letting Go
Writer/submitter Shelley Stile writes:

The ability to move on after your divorce entails the letting go of the past with its emotional baggage and negative emotions. If you can accomplish this feat then the heavy burdens you have been carrying will lift and you will experience the liberation of freedom: the ability to move unimpeded towards whatever goal you establish for yourself.

A Wife Is Entitled To Financial Intimacy
Writer/submitter Helga Hayse writes:

Learn what a financially intimate marriage is and how it can create intimacy and closeness in other areas of your relationship.

What Women Need To Know Before Choosing A Lawyer
Writer/submitter Helga Hayse writes:

The author of "Don't Worry About A Thing, Dear" - Why Women Need Financial Intimacy offers sage advice to help women choose a lawyer.