The majority of married couples who decide that they don’t want to live together anymore simply get divorced. A small percentage, however, try a legal separation first, then decide later if they want to make it a permanent split. Although separating first and divorcing later is more expensive, it gives both parties a chance to ...
In order to claim an exemption for a child on your federal income tax return, the child does not necessarily have to be your own child. You may be able to claim an exemption for a child as a qualifying child or a qualifying relative. One of the tests that must be met for a ...
A couple can seek legal separation (separate maintenance) by a court or informal separation, which eliminates costly expenses, including attorney and court costs. During time of separation, a couple can either reconcile any differences or may proceed onto the next step seeking a legal divorce. Most states require a couple legally separated by residing in ...
When it comes to dissolving a marriage, couples have several options. The two most common approaches involve obtaining a legal separation or filing for divorce. However, some married couples select another option. Instead of a separation or divorce, these individuals seek an annulment. Understandably, many people are confused on how annulments work. Although annulments end ...
Divorce is never an easy process, but with divorce rates per marriage approaching 50%, it is certainly no longer uncommon, and as such, there are procedures and laws that those involved should understand before attempting a legal separation. Which lawyers in Maine will resolve my dispute most equitably? How much am I going to lose ...
Generally, alimony payments can be deducted for federal income tax purposes by the spouse who pays the alimony. And the spouse who receives alimony payments must report them as taxable income. This also applies to lump sum payments and can result in significant tax consequences for the spouses. For example, a lump sum payment may ...
It seems as if there are more and more deadbeat dads in the world today. This demonstrates a lack of responsibility and selfishness on their part; and only hurts the children who are involved. If you are a single mother raising children, especially if you are not involved with anyone else, it is almost impossible ...
