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High school graduation is one of the most important milestones in a child’s life. It’s the culmination of 13 years of school, and it’s a rite of passage that signals your child is becoming an adult. For some, it happens right before a child turns 18 and officially...
A recent Wall Street Journal article caught our eye. It discussed one of the biggest issues for couples who are getting divorced — what should be done with the house jointly owned by both parties. Common sense would dictate a couple take one of two approaches — either...
It’s a bit of bad news for divorced parents … and really, all parents and all other people! It comes courtesy of NPR, letting us know that tax refunds will likely be smaller this year than they were last year, and there’s a change in what was known as the enhanced...
One of the biggest stressors that happens during divorce is figuring out what should happen to your house. If you and your spouse share a house, you might have a situation and the assets in place to allow someone to keep the home and take over the mortgage payments....
Last week, we began sharing some knowledge from an Investopedia article covering taxes and divorce. Divorce is a legal process that brings significant financial implications for those who go through it, and taxes figure into that picture. While we covered some basics...
This is the time of year when lots of people have questions about their taxes. If you’re in the midst of a divorce or you’ve just completed a divorce, you’re likely among those, starting with wondering how to classify yourself on the tax form. It’s possible, depending...
One of the biggest issues that comes up in divorce is what to do with the house that is, for many married couples, the biggest shared asset they have. One option, of course, is to put the house up for sale and then split the proceeds once it sells. Another option, if...
Student loans have been in the news quite a bit in recent years, in part because of the pandemic and how the CARES Act put the brakes on many people’s student loan payments. Student loans are a common form of debt people have, are generally harder (though not...
If you’re planning to divorce or you’re already divorced, one of the realities that hits home for people is how much more expensive it can be to live divorced as opposed to married. Simply put, you’re going from sharing the expense of maintaining one shared household...
As we often point out to our clients, the emotion you feel in a divorce is very real and very present, but ultimately, a divorce is a legal agreement that has financial implications that last well into your post-divorce life. You want to make sure, when you’re going...