So-called 'gray divorces' between senior citizens frequently leave the wives impoverished, according to a study done by sociologists at Bowling Green State University in 2010. The women discover to their chagrin that meager Social Security benefits are insufficient to...
Month: September 2017
Who can benefit from a postnuptial agreement?
Undoubtedly, you have heard of prenups, which are premarital agreements that determine ahead of time the terms of your divorce, particularly asset division. Creating a prenup comes with the benefits of establishing open communication, securing your financial future...
Military life can add new challenges to divorce
For some, the military lifestyle is too challenging and leads directly to divorce. This is shown in the divorce rate, which has been on the rise. In 2001, it was at 2.6 percent. By 2011, a decade later and after the military was sent to Afghanistan, it had gone up to...
Relocate smoothly as a single parent
As a single parent, life is often chaotic and you need to rely on consistency and organization to get through every day. But when less frequent events crop up, such as deciding to relocate -- perhaps to a different state -- you need to be more prepared than ever to...
How do taxes work regarding alimony?
Either receiving or paying alimony can be a very complex when it comes to how it relates to taxes. It is important to make sure you know what is tax deductible and what you are likely to owe. If you are receiving alimony, this should be taxed as alimony. Similarly, if...
Protecting your assets with a prenuptial agreement
If you are thinking of getting married in Florida, do not forget to think the consequences of divorce. Without a carefully drafted prenuptial agreement in place, you could end up having to split your marital or individually owned assets with your spouse. A prenuptial...