In my last two columns, I addressed the grief and loss process experienced by couples during separation and divorce. But what do the children experience? At a time when so many marriages fail, it is important to understand how youngsters are affected by the loss. Children of divorcing parents go through the same four stages…
divorce
How Are Pets Handled In Divorce?
Researchers estimate that about 50% of American marriages end in divorce. They also say that 62% of American households include at least one pet. So, it seems reasonable to conclude that many divorcing couples are pet owners. But when a married couple calls it quits, what happens to their furry friends? Sometimes, the decision isn’t…
Why your engagement ring was a bad investment
According to the Journal of Accountancy, the IRS has increased resources devoted to scrutinizing alimony. As is well known amongst divorcing individuals and financial professionals, the tax code allows the payor of alimony to deduct it from taxable income, while the recipient must include it in taxable income. So if Kevin pays Kate $30,000 of…
The IRS thinks you are cheating on your alimony
According to the Journal of Accountancy, the IRS has increased resources devoted to scrutinizing alimony. As is well known amongst divorcing individuals and financial professionals, the tax code allows the payor of alimony to deduct it from taxable income, while the recipient must include it in taxable income. So if Kevin pays Kate $30,000 of…
Paying for Children’s College Costs After a Divorce
In a divorce, it is not uncommon for child-related issues to be disputed. Issues such as child custody, parenting time, and child support, can become very heated and contentious issues. However, there are other important issues related to children that can sometimes be overlooked or forgotten in a divorce. One example of this is paying…
The Importance of Reviewing and Updating Your Estate Plan
Many people do not want to think about their mortality and the fact that someday we will all pass away, however, it is important to think about this and have an estate plan prepared for when the day comes. An estate plan typically includes a Last Will and Testament, Health Care Proxy, Power of Attorney,…
Before You Say ‘I Do’, Think About a Prenuptial Agreement
A recent study showed that brides and grooms-to-be who have cold feet before their wedding could very well foreshadow an unhappy marriage that could even end in divorce. Brides and grooms-to-be who have cold feet should really consider entering into a prenuptial agreement with their future spouse. This agreement can protect both spouses-to-be in the…
Acts of Kindness in Divorce: Rare But Powerful
Dirty looks, eye rolling and sarcastic remarks are what many people expect when it comes to dealing with their ex. It’s sad, and it sort of seems like the norm. I hate it. However, from time to time, I hear about an act of kindness in divorce that inspires me and gives me hope that…
Tips for Successful and Healthy Co Parenting
A client recently expressed her frustration over co-parenting with her ex-spouse. Managing summers, choosing extra-curricular activities and figuring out the best food to feed your children are just a few issues that can become an uphill battle for many parents in a divorce. For the lucky ones, co-parenting may come easily especially if the divorce…
Legal Documents You Need Now
People don’t want to think that an accident or illness would prevent them from saying what they want — or don’t want — when it comes to their future medical care. We tell ourselves: I have plenty of time to take care of those things later … if I get sick … when I’m older.…
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