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Handling Debts in Divorce

Handling your debts in the divorce can break you financially if handled incorrectly. Most individuals we meet are more concerned about the asset (property) side of the equation and often overlook the liability (debt) side of the equation. Divorce settlement proceedings often break down when it comes to dividing up the debt in [...]

January 26th, 2010 | Tags: , , , | Category: Bankruptcy, Divorce General, Divorce Process, Managing Credit, Property Settlement | One comment

Child Dependent Exemption Tax Deduction and Divorce

For tax year 2009 and after, the rules for the Child Dependent Exemption Tax Deduction related to divorce have been changed.

The Internal Revenue Service amended the tax code related to the Child Dependency Exemption Deduction. Being able to claim the exemption for your dependent child has many significant tax advantages to the parent claiming [...]

January 8th, 2010 | Tags: , , , , , | Category: Child Dependent Exemption, Children and Divorce, Divorce General, Financial Considerations, Tax Filing Status | One comment
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