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Posts tagged "alimony"

Getting Remarried In Your 50s Or Later? You Need A Prenup.

Getting remarried is a time for celebration, but it also requires you to carefully think through many issues. How difficult was your divorce? Why did the marriage go wrong? What is your financial situation like now? You plan for this one to last forever, but you are older and wiser now. Is it better to be safe than sorry?  Are you willing to bet half of your assets that this marriage will last on "til death do you part?"

Consider marital agreements to protect yourself during divorce

There comes a time in many marriages when the relationship no longer seems to work anymore. Arguments between the spouses take center stage and resolving even miniscule issues seems like a mammoth task. In these situations, many Dallas, Texas, residents would agree that it would be better if the couple were to part ways. However, even during the separation process, the spouses are often at war with each other because of a number of issues such as child custody, alimony, child support and property division.

Help with divorce decree modification in Dallas

Divorce may have a ring of finality to it. Yet there may be times when a divorce decree may need to be modified. And this happens everywhere, including in Texas. A spouse may remarry or a parent may start earning more; and all this will necessitate divorce modification. Sometimes, divorce modification issues may become quite difficult; and then, a person will need the support of a tough and aggressive attorney, who can successfully argue the case in court.

New Year's resolutions after divorce for Texas residents

January not only marks the start of a new year but it also marks the beginning of a new life after marriage for many residents in the country, including those in Dallas, Texas. A set of regulations that can make the first year after a divorce the best year are outlined here.

A comprehensive plan can smoothly finalize a divorce in Texas

Divorce cases are often inherently convoluted and complex. Cases with allegations of adultery, child support or spousal support avoidance or any other financial adversities can become especially vicious. The attorneys at Gunnstaks Law Office have decades of experience dealing with these kinds of divorce proceedings. Their aim is to help estranged couples come to an amicable settlement that may best suit the needs of all parties involved.

Definition of "alimony paid" per IRS rules

Alimony or spousal support is defined as the amount of money paid by one estranged spouse to the other after divorce in order to establish financial equitability. Per the Internal Revenue Services, or the IRS, alimony is based on the principle of equitable income.

An experienced attorney can help divorcing Dallas residents

When a couple permanently and legally ends a marriage, many tough issues must be decided, such as where and with whom will the children live, how much alimony will be paid, how much child support will be paid and so on. And if the divorcing couples are rich and famous, then huge assets and property may be up for grabs, too. A divorce case may turn ugly with one spouse tries to hide assets from the other.

Custody dispute reveals details of high-profile divorce

Although high profile divorce cases often make the news in Texas, one celebrity has done his best to keep the particulars of his split quiet. But with an on-going child custody dispute between basketball star Dwyane Wade and his ex-wife, some details of the divorce are starting to emerge, suggesting that child custody is not the only issue over which the former couple is at odds. When the couple divorced last year, Wade was awarded custody of his two sons. His ex-wife was awarded visitation every other weekend. But she claims in a recent court filing that Wade is making it difficult for her to exercise her visitation rights. Her attorney cites one recent example when the woman traveled to Miami, where the children reside with Wade, only to be told when she arrived that the older boy, 11, was in Detroit for a basketball tournament. She is now seeking more time with her sons.

Tax tips for divorcing couples

Many Texas residents find the process of filing income tax returns fraught with confusion. An already challenging process becomes even more complicated by divorce, which changes one's filing status as well as the deductions and exemptions that may be claimed. Here are a few tips on how to approach your taxes if you are going through a divorce.To determine your 2012 filing status, the relevant date is Dec. 31, 2012. If you were still married on that date, even if the divorce was in process and you were living separately from your spouse, you and your spouse may use "married filed jointly" as your filing status. There are several advantages to this status, including favorable exclusion limits for the capital gain on the sale of your primary residence. One disadvantage is that you will be jointly liable with your spouse if there is an audit.

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