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Posts tagged "divorce"

Engaged couples should talk through issues to avoid divorce drama

Engagements are exciting occasions, and many may think that discussing the possibility of divorce at this time will take away from the romance or hopes for the future. However, Louisiana couples can protect themselves from a great deal of financial and emotional difficulty should the marriage not work out by having conversations early. This kind of planning and negotiation when things are going well can make it easier to talk through issues should things go wrong later on.

How to handle pet custody through divorce mediation

While child custody is commonly discussed in family law, one issue that gets less coverage is custody of pets. However, this issue comes up in many divorce cases across Louisiana and the United States. Through divorce mediation, these issues can often result in joint custody agreements, financial support agreements for vet bills and other negotiated settlements.

Tax Cuts and Jobs Act law changes spousal support taxation

While state law defines many of the issues around spousal support, the basic taxation of alimony payments has been consistent throughout the United States for the last 75 years. Up until this point, spousal support has been deductible for the payer and reportable as income for the recipient. Under the Tax Cuts and Jobs Act, however, spousal support divorcees in Louisiana and across the United States will see this switch as it will no longer be deductible for the payer.

Some look for a leg up in a contested divorce, no matter the cost

Not every Louisiana couple ending their marriage can do so amicably. In some cases, the circumstances simply do not allow for niceties. Instead, each party prepares for a contested divorce. Some will go to any nearly any length to "get a leg up" on the other party in court regardless of the potential cost.

Upcoming tax changes re spousal support are causing a panic

Louisiana residents who are contemplating divorce sometime in the next year have a new concern. The way that spousal support is treated by the IRS is going to change, and some people are already in a panic. Under the new law, those who make these payments will no longer be able to deduct them on their income taxes, which many fear means that recipients will not receive as much support as was previously awarded under the prior tax structure.

Is one of your New Year's resolutions an uncontested divorce?

When a new year begins, many Louisiana residents take stock of their lives. In doing so, some will determine that their marriages need to end, particularly if they had not already made that decision before the holidays, but wanted to delay so as not to mar the season for children and other family members. Now that the holidays are over, couples may be ready to take the next step, and many may be hoping for an uncontested divorce.

Avoid mistakes in dividing debt in an uncontested divorce

Amicable separations are becoming more common among married couples here in Louisiana and elsewhere. As a result, more people take advantage of the uncontested divorce option in lieu of the traditional, more adversarial, courtroom battle. Even so, couples taking advantage of the less contentious option still need to remain vigilant in order to preserve their financial security in the future.

Maintaining control of the future through divorce mediation

The end of a Louisiana marriage often causes a couple to feel as though their lives are spinning out of control. How you and your soon-to-be ex-spouse deal with these emotions in the first days of the divorce will shape each of your futures. One way to regain some control and feel better about the future could be to engage in divorce mediation.

When an uncontested divorce can create a financial nightmare

For most Louisiana residents, there is no way around losing financial ground when ending a marriage. The prospect of supporting two households with the same resources that used to support one is often daunting, which leads many couples to try to get through an uncontested divorce on their own. The problem is that if certain aspects of the divorce are not handled properly, it could cause a financial nightmare for the parties.

One of the tradeoffs for paying spousal support may disappear

There is no way around the fact that money is a part of every divorce whether it happens here in Louisiana or elsewhere. One of the financial issues that arises in many divorces is spousal support. Even when the paying spouse agrees that it is a necessity for the other, it may not exactly be pleasant to watch that money leave the bank account. Many who make these payments consider the right to deduct them at tax time as a consolation prize of sorts, but that benefit may go away.

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