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Posts tagged "Divorce"

Child support enforcement system sees improvements

During a divorce in Kansas, child support and other financial issues can be some of the most contentious and difficult to resolve. Nevertheless, after the divorce is final, and a child support order is issued, it is mandatory that parents pay the support required. When a someone fails to pay court-ordered child support, the consequences for his or her children's well-being can be serious. Due to the importance of mandatory child support, the federal Office of Child Support Enforcement (OCSE) is working to improve the mechanisms used to enforce and implement child support orders.

Splitting 401(k) plans correctly

One of the many issues that Kansas couples may face during divorce involves dividing retirement assets. During this process, they should be very careful as different retirement accounts have their own sets of regulations. Dividing the funds in the wrong way may result in very high penalties and taxes as well as unintended allocations to an ex-spouse.

Financial issues can linger after divorce

For many Kansas divorcees, financial obstacles can be some of the most stressful challenges at the end of a marriage. Beyond the emotional and practical issues that accompany a marital split, the ongoing effects of financial decisions made during divorce can have long-term consequences. Even after a settlement has been reached, there are a number of financial tasks and concerns that must be addressed in order to successfully move forward.

Myths that hurt marriages

Problems within a marriage sometimes arise not out of fundamental differences between two people but because of faulty ways of thinking. Kansas residents might like to know about some widely believed marriage myths that can actually hurt relationships. These toxic views can warp one's perception about marriage and cause issues in even healthy unions.

Spy technologies can complicate divorce

Many people in Missouri considering divorce may be concerned about the impact of the age of technology, social media and smartphones on the end of their marriage. This fear may be exacerbated in situations where a troubled marriage is accompanied by abusive or controlling behaviors. The advent of technologies like GPS trackers can make stalking a real and dangerous threat.

What to do when getting ready to divorce

When some people in Kansas return to their regular lives following the holiday season or summer vacation, they might have made a decision to divorce. Attorneys report getting a high volume of calls at both of these times of year. Even a person who has not yet made a decision about divorce can start to learn more about the process and prepare in case it does come to pass.

Divorced people report less financial security than married

Many people in Kansas who get a divorce might not have a financial plan in place to deal with this event. A survey conducted for TD Ameritrade by Head Solutions Group found that about two-thirds of people who were married had not planned for widowhood or divorce despite divorce ending around 4 in 10 marriages. Most respondents, 72 percent of men and 62 percent of women, said they were confident they would be able to handle these situations financially.

Watch out for signs of parental alienation

When people in Kansas consider divorcing, one of the most troubling aspects of the end of a marriage can be preserving the parental relationship with children and protecting the kids from the emotional maelstrom of divorce. From the basic issues that arise like child custody, parenting plans and child support to more difficult problems in combative divorces, ending a marriage with children can be difficult for every member of the family. While feeling anger, resentment or upset is entirely normal in the course of a divorce, it is also possible for parents to put the interests of their children first in co-parenting.

Alimony payments must meet deductibility requirements

Individuals in Kansas who make alimony or spousal support payments may, in most cases, deduct the amount of the payments when they pay taxes. Likewise, the recipient of alimony payments is generally required to report the payments as income. Not all payments to a former spouse qualify as alimony, though, for tax purposes. Child support payments are usually not deductible, for example, and there are certain requirements that must be met before alimony payments can be deducted.

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