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August 2017 Archives

Alimony payments can be tax-deductible

Arizona couples whose marriages are ending can benefit from arranging to treat spousal support in specific ways in order to make the payments tax-deductible. The subject is the source of frequent disputes between the IRS and divorced taxpayers, but there are ways that people paying alimony can help to ensure their payments are properly deductible.

DNA testing to establish paternity

Some Arizona residents may have read about some high-profile paternity cases. For example, an early girlfriend of Mick Jagger's took him to court over the paternity of her daughter, and the two eventually became close. The founder of Apple, Steve Jobs, was also forced to acknowledge paternity of his daughter after a DNA test.

Many women leave marriage at a financial disadvantage

Dissatisfaction and other emotions drive people to seek divorces in Arizona. However, the decision often inflicts more lasting financial damage on women than men. Due to the gender pay gap and other factors, women may have limited resources when they begin their newly single lives.

Prenuptial agreements may be a good thing

Arizona residents who are planning to get married might be concerned when their partners want them to sign prenuptial agreements. Discussing one does not mean that the partners are planning for their marriages to fail and may offer benefits to the marriages and both parties.

Affording the family home after a divorce

When an Arizona couple is going through a divorce, dividing up the property can become a point of contention especially if both individuals have separate goals. For example, one person may wish to retain ownership of the family home if there are children involved, as this can help keep their home life stable while everything else is changing. While keeping the home can be beneficial, there are some financial hoops a parent going through a divorce may have to jump through.

Contact

Law Office of Michael A. Johnson, P.C.
177 N Church Avenue
Suite 311
Tucson, AZ 85701

Phone:
Tucson Law Office Map

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