Category: Finances
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Everything you need to know about the Alimony Recapture Rule 2
Welcome back and thanks for joining us again as we wrap up this discussion on the alimony recapture rule. In the previous article, we looked at exactly what the alimony recapture rule is, and how it could affect you in the future. Moving on, we’re going to discuss the exceptions to this rule, and…
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Everything you need to know about the Alimony Recapture Rule 1
Have you ever heard of the alimony recapture rule? No? Well, you’re certainly not alone. However, like back taxes and lawsuits, it’s the kind of potentially awful situation that you need to be aware of. So that if it ever crops up, you’re prepared. However, if we can just take this moment to remind…
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Should You Insure Your Spousal and Child Support Payments? (Pt 2)
Welcome back and thanks for joining us again for the rest of this discussion on spousal and child support insurance. As we explained in the previous article, it’s possible, and often recommended, that you ensure your spousal and child support payments. Between job loss, disease and injury, and untimely death, there are many reasons…
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Should You Insure Your Spousal and Child Support Payments? (Pt 1)
Insuring your car, your home, and your life are common precautionary steps that many people take to make sure they’re protected in case of disaster. But did you know you can insure your spousal and child support payments as well? No? Well, you’re not alone, many people don’t realize that it’s possible. And yet…
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Will Michigan Help me Collect Child Support From Another State?
When a single parent takes a job in another state, or has to move cross-country to care for an ailing parent, one of the challenges they deal with is the issue of child support. How can they collect child support payments when they no longer live in the same state where the other parent…
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How to Avoid Destroying Your Credit During Your Divorce
Divorce isn’t cheap – that’s old news. But while your split is likely to put a dent in your savings account, it doesn’t have to leave you in the poorhouse! Just because your marriage didn’t work out, doesn’t mean you need to sleep in a box under the overpass, or end up at the…
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Why You Should NEVER Stash The Cash During Your Divorce!
We hear it all the time. “My wife didn’t earn a penny of this money, so why should she get half of it?” Or “My husband doesn’t deserve to get half the house. After all, we paid for it with money I earned while he was in school racking up debt!” Clients are constantly…
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What The New Tax Cuts and Jobs Act Means For Your Divorce! (Pt 2)
Welcome back, and thanks for joining us again. We’ve been discussing the new Tax Cuts and Jobs Act, and how it will affect divorces in the future. As we explained last time, the new law will change the way that alimony is taxed, which many people are actually unhappy about. However, there are still…
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What The New Tax Cuts and Jobs Act Means For Your Divorce! (Pt 1)
By now, many of you have heard about the Tax Cuts and Jobs Act that goes into effect at the start of 2019. So you know it’ll have an impact on many aspects of taxation, including cutting the corporate tax rate, the individual tax rate, and the income tax rate. It’ll also double the…
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Simple Tips For Lowering The Cost of Your Divorce
Hiring an attorney to represent you during your divorce can eliminate unnecessary errors, save you tons of stress, and reduce your workload. But it isn’t cheap! Attorneys offer very specialized skills, and bring the benefit of experience to the table, which means that they charge a pretty penny for what they offer. However, while…