In a divorce proceeding, many family law issues can surface which require resolution or some understanding between the parties undergoing the dissolution. In addition to issues that may involve child custody and child support, parties will have to deal with financial issues. A recent article listed some helpful tips to help ease issues surrounding assets and even debt for people thinking about filing for divorce or who are in the process of getting a divorce.
In today's financially strapped times, those in the process of seeking a divorce may wonder if they will have to pay spousal support, also known as alimony, to their soon-to-be ex-spouse and if so, how much. The answer will depend on a number of factors.
Most Michigan residents know that April 15 is tax day. No one looks forward to tax day and trying to understand a tax code is near impossible for many. Filing taxes for the recently divorced individuals can be even more of a challenge. Divorce in general is an emotionally taxing event for people. Thus, to make tax day simpler for the recently divorced, here are a few tips.
There are many self-help and toolkit options which assist parties in filing the appropriate divorce paperwork, but in many cases divorce can get complex, particularly when there are children, assets and property involved. For anyone contemplating divorce, it is important to have a basic understanding of what the process entails.
No one doubts that divorce can be emotional, psychologically and financially taxing on all parties involved. But what divorcing couples may not realize is that divorce, particularly divorce with children, has an impact on how one files taxes with the Internal Revenue Service.
In a divorce case where one party has been ordered to pay alimony, commonly referred to as spousal support, the tax implications for giving and receiving alimony may be unclear to the parties. Michigan residents may be unfamiliar with the Internal Revenue Service requirement of alimony.
Michigan fans of the American action spy movie Mission Impossible may find it interesting to learn that the female lead actress, Paula Patton of the latest Mission Impossible installment Ghost Protocol recently filed for divorce from her husband. According to reports, the couple had been separated for nearly eight months before Patton filed divorce paperwork.
In order to have an understanding of how spousal support works, one should have a basic understanding of why courts consider granting or denying spousal support. In essence, the primary reason for exploring whether or not one of the spouses in a divorce should be granted alimony is to balance any potentially unfair economic effects on one spouse.
When family law comes to mind most people immediately think of separation, divorce proceedings and, for parties with children, child support and child custody related issues. But, Michigan residents may find it interesting to learn that family court is much more than that.
Michigan fans of the show X-Files, particularly the fans of the fictitious character Agent Fox Mulder, may not want to believe that the high profile TV star, who played the character of Mulder, David Duchovny, has divorced his wife of 17 years, actress Tea Leoni. According to media reports, Duchovny filed for divorce earlier this year. The couple was already separated for at least three years. The reason that he cited when he filed for divorce was an irretrievable breakdown of their relationship.