Category: Finances
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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…
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Does Divorce Court Divide Only Assets, or Debts as Well?
When you hear about your friend or co- worker’s divorce, chances are they talk about how much child support is being paid, or what they got to keep versus what their ex hung onto. Why? Because things like alimony and child support payments, custody agreements and how assets are divided are common divorce talk.…
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What Do I Do If My Ex Won’t Pay Their Court Ordered Debt?
We just talked about the fact that the Michigan Family court divided both assets and debts when a couple gets divorced. Which brings us to the issue of debt, and what happens after the court has assigned a marital debt to one of the spouses during the divorce. What happens if an important debt…
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It’s Tax Time: Pointers For Divorced and Separated Folks in Michigan
If you’ve read the news lately, then you know that tax law is changing! On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act, which makes some pretty major changes to tax law here in the U.S., specifically as it relates to alimony and how it’s taxed. Not sure what…
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Tips For Michigan Parents: Saving Money on Your Taxes (Pt. 2)
Welcome back! We know taxes aren’t the most exciting subject, but we also know that most people could stand to save a few bucks. So we put his list together for you with pointers on how to save money this tax season. In the previous segment, we talked briefly about four ways parents could…