Tag Archives: dissolution

Avoiding Insurance Revenge While Your Divorce Is Pending

Insurance revenge? Did you even know that such a thing existed? In a divorce, emotions run high. Too often, spouses do things to hurt one another. One of the best-known examples is draining a bank account. However, spouses can exploit their close relationship to hurt each other in insurance matters. When they do, this insurance…
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Who Can Claim a Child as a Dependent after a Divorce?

The year your divorce is final, there are fundamental changes to your federal taxes. For instance, your filing status—married or single—is determined as of the last day of the tax year. Another significant change involves who may claim a child as a dependent. When a couple is married, it is usually more favorable to file…
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Telling Your Friends and Family You’re Getting Divorced

Divorce is a significant, life-changing event. Even those who affirmatively make the decision often have mixed feelings. The thought of announcing the news to friends, family, and even strangers can evoke feelings of anxiety. It is hard to know how to respond to someone who tells you they are getting a divorce. Do you congratulate…
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3 Tips for Helping your Attorney in a Divorce

When you hire a divorce attorney, you are paying for the lawyer’s legal skills, experience, and knowledge, all measured by time. Clients often want to know what they can do to help their attorneys get them the best result for the lowest cost. There are three essential things you can do: provide all relevant information,…
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Is It Harder for Children of Divorced Couples to Have Successful Marriages?

“Intergenerational transmission of divorce.” This is the term used by those who study the seeming tendency toward divorce of those whose own parents divorced. Society has long debated issues surrounding children of “broken homes.” One area focuses on whether children of divorced parents are themselves more likely to divorce. Indeed, numerically speaking, this does appear…
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Spousal Maintenance and the “Tax Man”

Divorce sometimes has its bittersweet moments. That certainly applies to payments of spousal maintenance for both the payer and the recipient because of the tax implications. For the party making maintenance payments, the bitterness of parting with your income is sweetened by the fact that the payments are generally tax deductible. This is true whether…
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Don’t Change Your Marital Status without Updating Key Documents

By the time a divorce is final, the last thing many people want to do is to tinker with bookkeeping matters. Updating names, addresses, and beneficiaries is tedious. It is sometimes seen as unimportant; however, nothing could be further from the truth. Whether or not you are the person who initiated the divorce, it is…
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Can I Keep the House after My New York Divorce? Should I?

When a couple is divorcing, disposition of the marital home can be one of the biggest issues of contention. The house is often the parties' most valuable asset, but the home mortgage may be the couple’s largest liability. Issues arise when one of the parties wants to keep the house. In the best case scenario…
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High-Profile Divorce Illustrates Importance of Filing Location

Have you ever wondered what happens when the parties to a divorce have residences in different countries?  The luxury of being residents of the world and owning multiple homes in different jurisdictions presents a litany of unique complications when the parties divorce. A good example of this is the recent divorce between Maurice Alain Amon…
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