US EditionHow to get the best divorce settlement
- One can qualify for head of household tax status if they have not lived with their spouse for the last six months of the year, allowing a higher standard deduction of $21,900 for 2024 compared to $14,600 for Single filers.
- As of 2019, alimony is no longer deductible for the paying spouse or taxable for the receiving spouse, making it an out-of-pocket expense that often leads to lower support payments.
- A Qualified Domestic Relations Order permits the division of retirement assets, allowing a spouse to receive part of the retirement benefits, which can be more appealing than immediate cash payments.
- Tax considerations should be factored into divorce negotiations, including decisions around alimony and selling the family home, according to financial analysis.
11 Articles
11 Articles
21 People Share The Most Surprising Things They Learned From Getting Divorced
Sometimes the universe hits us with a curveball that seems impossible to fully recover from. Divorce is one of those things that can shake the ground under our feet and expose our deepest fears and vulnerabilities. Not to mention that it fundamentally alters the trajectory of our life.However, we humans are often more resilient than we think and can come out of dark moments stronger than before. A good example comes from the Reddit user BondEmil…
Pasadena Star News
How to get the best divorce settlement
Ending a marriage is one of the most significant legal and financial negotiations you will ever navigate. Yet, in the midst of the legal battle and emotional mayhem, taxes are often an afterthought. Adding to the challenge, your current tax professional may want to stay neutral and avoid the fray rather than help you. (They should probably step aside entirely, as their responsibility was previously to both spouses.) It’s also OK if your accounta…
These stars supported their husbands after their divorce, some giving money monthly, some giving it as a one-time payment...
Even though they promise to spend seven lives with each other, married life is not a happy one for many. Instead of continuing the marriage with a strong bond, they walk the path of divorce. The world's biggest stars are no exception in this regard. Along with divorce, there is also the question of alimony.
Protecting children’s interests in divorce proceedings - Palmers Solicitors
When a relationship ends in divorce, the welfare of any children involved is paramount. During what is likely to be a difficult and stressful time, most parents would ideally wish to put their differences aside to agree about arrangements for their children. Unfortunately, matters can become complicated and emotionally charged, particularly if there is a dispute over where the child resides or the arrangements to see the other parent, or confusi…
What The Heck is Series- What the Heck is Contempt of Court? - Kathiey V Writer
What The Heck Is? A Series… If you find yourself pulled into the legal life of getting a divorce, you will more than likely be faced with terminology that you are not familiar with. That was the case for me; I found myself ignorant of many facts and terms that I needed to become familiar with. With that in mind, I ask the question…..”What The Heck is Contempt of Court?” First, let’s take a look at the definition of Contempt of Court…Here is a q…
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