The groups that are most likely to get divorced in America There’s this persistent myth in America that about half of all marriages end in divorce. In fact, the figures are significantly lower, as new graphics by Nathan Yau of Flowing Data demonstrate. Yau explains that this myth simply stems from bad math – dividing the divorce rate by the …
5 tips for making sense of taxes after a divorce
Did you know that, in America, there is one divorce about every 36 seconds? That’s nearly 2,400 divorces per day, 16,800 divorces per week and 876,000 divorces per year. With tax season upon us, that means approximately 876,000 people are newly navigating the realm of post-divorce taxes. Taxes are complicated enough as it is, but when you add in assets, …
Tax Issues and Divorce – Part 2
The Filing Status to Use While the Divorce is Pending. How the Property Division Can Impact Taxes. Info on Divorce and Taxes.
Tax Issues And Divorce – Part 1
Every person going through a divorce must also consider a variety of tax issues that arise once a marriage ends
Answers to Top 4 Legal Questions about Moving Out and Legal Separation in PA
Before moving out during divorce or physically separating in PA, consider the legal ramifications. Here’s the answers to the top 4 questions our firm gets, to help you make an informed decision. Living together after you’ve decided to divorce or separate is extremely difficult, regardless of how you got there. It’s no wonder this tense, uncomfortable living situation often pushes …
Money Tips for You After Divorce Settlement
Tips for Financial Security After Divorce Settlement Meet with an Lawyer Even if you’re hoping for a simple divorce, you can still benefit significantly from consulting an attorney who specializes in divorce law. A lawyer can be objective, advising you of your rights, obligations and options and walking you through issues surrounding alimony, child custody and a divorce settlement. During this emotional …
Life Insurance Policy Checkup After a Divorce
Deciding what to do about a life insurance policy after a divorce can be a challenge. Try not to let emotions guide your actions and consider the overall impact of any moves you make. Reassess your need for life insurance life insurance policy is to provide for those who are dependent on you in the event of your untimely death. Often, that means …
Do We Need a QDRO For IRA Funds?
Going through the process of a divorce presents a lot of questions about finances. While the divorce decree is an important document outlining the final determination about critical issues in the divorce, you might also need a qualified domestic relations order to officially explain the handling of retirement funds. The Process of a QDRO In order for the judge in …
Understanding the Type of Retirement Plan to Be Divided in a Divorce
Dividing Divorce Assets Understanding the Type of Retirement Plan to Be Divided in a Divorce Misunderstanding the type of retirement plan to be divided in a divorce is one of the most common mistakes in divorce settlement agreements and even final judgments, since often times attorneys prepare the final judgment which the judge simply signs. It often erroneously states “retirement …
5 surprising statistics on divorce in the U.S.
5 Suprising Divorce Statistics Although the “half of all marriages end in divorce” claim has been debunked, it’s still a commonly cited statistic. But what are the real divorce stats? Check them out below. (Note that most of the data below come from government sources like the Centers for Disease Control and Prevention and the Bureau of the Census and …