Post-divorce life can involve many things. For some, this includes being a single parent. There are many worries single parents can have following a divorce. This includes concerns about financial issues.
In some Virginia divorces, courts order one spouse to pay alimony to the other. Spousal support can vary greatly in amount. It can also vary in form. Today, we’ll go over the different forms of alimony that courts can grant under state law.
A wide range of property division issues arise in divorces. For many divorcing couples, one of the biggest to address is the matter of what to do with the family home.
August marks the end of summer and the children's impending return to school. It is also likely that if you're going to divorce this year, it will happen this month.
Some couples get divorced relatively early in their marriage. Others end a marriage decades after it started. However long a person has been married prior to a divorce, what happens in his or her divorce can have significant impacts on his or her future.
Many people have student debt here in the United States. Reportedly, there is currently around $1.5 trillion in outstanding student loan debt in the nation. The average outstanding student loan balance is estimated to be over $34,000. So, it is not uncommon for couples to enter marriage with one spouse or both spouses carrying a fair amount in student loans.
For over 70 years, Americans paying spousal support have received significant tax breaks, especially in cases involving a large wage gap between former spouses. This break is coming to an end in 2019. A recently developed law will remove tax breaks on spousal support payments that are finalized after December 31, 2018. Both individuals paying and receiving support will be affected.