It’s well-established that, with some exceptions, married people live longer and healthier lives than unmarried people. But until recently, researchers hadn’t conducted a very thorough examination of how well a marriage survives when one partner becomes seriously ill. The results of that effort probably won’t cheer anyone — least of all women. When a wife…
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Dependency Tax Exemptions and Divorce
During the course of a divorce, there are many issues that spouses have to resolve: property division, alimony, child custody, child support, medical insurance, and taxes. One after thought of these many issues is the child dependency tax exemption. In a divorce, spouses can agree how to allocate the dependency tax exemption. For example, if…
Divorce Confidential: Using Mental Health Professionals In Divorce
When you and your ex-spouse choose collaborative divorce, you make a commitment to keep matters out of court and focus on problem-solving in a confidential, private setting. Collaborative divorce is beneficial in that you and your ex-spouse have access to an entire team of experts, including mental health professionals to help you through the difficult…
7 Resolutions to Having a Great Newly-Divorced Year
If 2015 will mark the first full calendar year since your divorce, January may feel not only like the beginning of a new year, but also the start of a new life. Divorce is a major life change, so what can you do to make this next year a change for the better? Besides all…
Taxes and Divorce, What You Need to Know
Finances and taxes are a significant issue during divorce, especially when children are involved. There are also special rules in the tax code that govern divorce and separation. It’s important to be apprised of these rules. Dependency Exemption. If you are the custodial parent of the children, you can claim a dependent exemption of $3,950…
3 Reasons Your Spouse May Be Reluctant to Divorce – And What You Can Do About It
Let’s get one thing straight right off the top… If one of you wants a divorce, you are both getting a divorce. You don’t need your husband or wife to give you permission to divorce them. But how you proceed and how difficult you make it on yourself and your children is up to both…
Divorce and Taxes Can Be Complicated
Going through a divorce can be a dramatic and trying time. Issues such as division of property, custody of children and family support are huge. And the decisions made to resolve these issues have a tax impact. It is important to know how you will be affected and take steps to minimize your tax liability.…
I Turned Down Alimony – 3 Women’s Stories
In reporting this story I came across a number of people who chose not to take spousal they were entitled to. Here are their stories: “Asking for alimony would be like asking for a pension for a job I no longer did. It just didn’t seem fair.” Suzan French married at 18, soon after had…
Protect finances in later-in-life divorce
When you’re over 50 and facing divorce from a long-term marriage, coming to a settlement agreement that will safeguard a comfortable financial future is complicated. “Till death do us part” isn’t the case for many Baby Boomers today. “Gray divorces” are occurring more than ever before – the rate for adults ages 50 and older…
5 ways to keep a divorce from being needlessly expensive
When Joanna Wilbur got divorced five years ago, she was able to keep her two story, four bedroom home with a wraparound porch in Fairfax County, Va. They had only purchased the home two years before deciding to go their separate ways, and Wilbur says she wasn’t yet ready to let it go. But in…
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