Going through a divorce can be very difficult for a Kansas couple, especially when children are involved. Child support, visitation rights, alimony and retirement funds are typical things that must be resolved before a settlement can be reached. However, few issues cause more contention than what to do with the family home. In some cases, one of the spouses will take ownership of the home and assume the existing mortgage. In other cases, that may not be possible.
Divorcees often have misconceptions about assumable mortgages
What can I do if my customer won't pay?
If you own a Kansas business, getting your clients to pay on time is a high priority for you. When a customer pays for your product or service, you, in turn, can pay your employees and vendors as well as your rent, utilities and other expenses that keep your business running. A customer who is late with a payment or who simply will not pay can create a domino effect of frustration and difficulty.
Home sales during divorce
Homeowners in Kansas who are getting a divorce may decide along with their future ex-spouse to sell the family home during the divorce. This solution is a common one among divorcing couples who have to address what will happen to the home. However, before they take any steps to sell the home, it is important that both parties understand that selling a home during a divorce is not the same as a traditional home sale.
Tax exemption issues in child custody situations.
Many divorced and separated parents in Kansas save a lot of tax money by claiming their children as dependents. In some cases, however, both parents feel the right to claim a child. It might come down to the primary caregiver doing battle with the primary financial provider.
How much spousal support will you have to pay?
Spousal support is one of the most sensitive matters in any divorce. You and your soon-to-be ex-spouse may be in disagreement over the issue of financial support, and you may have concerns as the higher-earning spouse that you will be stuck with a very expensive alimony order. It may be beneficial for you to learn more about spousal support and how it works.
Staying on path for retirement after a divorce
According to statistics, the rate of divorce among those 50 and older has increased dramatically since 1990. This can have a variety of impacts on a Kansas resident's life. For instance, a divorce later in life could make it harder to retire or have a financially stable retirement. That is a result of the fact that income and assets drop while expenses are not as affected as much after a marriage ends.
What steps can you take to address a partnership issue?
Having a partner for your small business may have allowed you to get your dreams of owning your own company off the ground. Having a trusted person to brainstorm ideas with and experience the ups and downs of entrepreneurship with likely helped you through some difficult times as your company grew.
