Pursuant to the Federal Tax Code changes, which went into effect earlier this year, the deductibility of alimony will be abolished in all divorces which are not concluded before January 1, 2019. All divorces or decrees containing an alimony award prior to January 1, 2019 will retain the deductibility. This change will cost individuals, who cannot conclude their divorce or obtain an alimony decree before the end of this year, tens of thousands, if not hundreds of thousands of dollars. Currently, alimony is an "above the line deduction". This means that for every dollar you pay in alimony, you are able to deduct a dollar of income. For example, if you pay $10,000.00 a month in alimony, you get to deduct $10,000.00 of your income. If you are in the 40 percent tax bracket, you would pay $4,000.00 from every $10,000.00 income that you earned. Consequently, if you get to deduct $10,000.00 for your alimony payment, then you would be saving $4,000.00.
My wife, Karen, and I have had the pleasure of raising two daughters. When they were younger, it was easy to have them dress up in costumes on Halloween and take them out in the neighborhood to go trick-or-treating. But as they grew older (generally between the ages of 12 and 15) going trick-or-treating was no longer "cool" or the thing to do. Generally, about this age is when tweens and teens no longer want to go house to house gathering candy but, want to spend time engaging in activities with their peers. Parents want to make sure that our children are safe while spending time with their friends. Often the best way to do so is to sponsor a party at your house. By doing so, you can ensure their safety by monitoring their activity, therefore giving you piece of mind. Among the activities suggested are Halloween/Harvest Festivals:
Everyone thinks the final judgement signed by the courts is the conclusion of the divorce. However, nothing can be further from the truth. After the final judgement has been entered there are a number of task that each party must finish. At the conclusion of your divorce case, the first thing you should do is obtain several certified copies of the Final Judgment. You must also review the Final Judgment and/or Settlement Agreement carefully with your attorney to ensure that you understand what you must complete under the terms of the Settlement Agreement and/or the terms of the Final Judgment.
The overwhelming majority of divorces result in parties agreeing to shared parental decision-making subsequent to their divorce. Shared parental decision-making is defined as parents discussing and agreeing upon major issues in their children's lives including, but not limited to education, non‑emergency healthcare (for example orthodontics/braces), and extracurricular activities which would occur on both parents' (both parents' timesharing/visitation).
We’re all familiar with couples who've decided to stay together in a dysfunctional marriage until their children have graduated from high school. They do so in order to provide a stable life for their children. Based on the belief that after graduating from high school their children will be adult enough to finally do without the parents' marriage. For some reason, they consider a child entering college as mature and independent enough and that their marriage has served its purpose. Unfortunately, this perspective is flawed.
Social media is all prevalent in our lives now. Almost everyone has some form of social media account be it Facebook, Pinterest, Twitter, or one of the many professional-oriented social media sites such as LinkedIn, Alignable, Avvo, etcetera. Consequently, social media clauses are appearing in divorce cases under the following circumstances:
Most couples, planning to get married in today's society, should have a prenup. This is particularly true for those couples bringing significant assets into their marriage. In that case, a prenuptial is like an insurance policy. No one ever intends to have an emergency, but it's very good to have insurance to minimize the damage if an emergency does occur.
There is no denying that President Trump's presidency has not created lukewarm responses from anyone in Florida or Palm Beach County. In fact, there seems to be a clear division between those individuals who support Trump ardently, and those who are vocally opposing him. However, politicians and people interested in politics are not the only ones who are having difficulty coming to terms with the Trump presidency and his views and actions. Not surprisingly, married couples are now more than ever feuding over politics and over Trump's presidential policies and actions. These arguments over Trump's presidency views and actions are increasing the divorce rate. A recent study conducted by Wakefield Research, located in Arlington, Virginia, found that one in ten couples, whether married or unmarried, had terminated their relationship/marriages due to disagreements over the presidential politics. Even more shocking, millennial couples had ended their relationships far more frequently (22 percent of the time). According to the results of the study, 22 percent of Americans know a couple whose relationship has been negatively affected by Trump's election and subsequent political actions. An example of a divorce caused by Trump politics has recently occurred in Palm Beach County, Florida. Lynn Aronberg, the wife of Palm Beach County state attorney Dave Aronberg, recently filed for divorce. Lynn Aronberg stated that she is "a staunch Republican and supporter of President Trump," while her husband is not. She believes that fact led her to feel "increasingly isolated in the marriage". The couple publicly stated that they are divorcing amicably. Even though they may be divorcing amicably, the acrimony that occurred over their disagreement of President Trump contributed to their divorce.
It is summertime and the last thing our kids want to think about is schoolwork. Most of our children deserve a rest or break from regular school assignments and projects.
Most men groan when they think of having to watch a "chick flick" with their female significant other/spouse. For some men, it's like pulling nails. However, such reluctance may become less frequent based on the results of a recent study from Rochester University.