Arizona couples who divorce in 2019 or later will be operating under new tax rules when it comes to alimony. Under the Tax Cuts and Jobs Acts of 2017, alimony that is paid as part of a divorce agreement will no longer be tax deductible. Meanwhile, alimony payments...
Month: May 2018
How divorce may affect paying for a child’s college education
When people in Arizona get a divorce, they may wonder how this could change their plans for their children's college education. A study by Ameritrade found that two-thirds of couples do not have a financial plan in case of divorce or death.Divorce can be expensive,...
Financial security is a major concerns for divorcees
One of the unfortunate outcomes of an Arizona divorce is that one or both of the spouses may be less financially stable afterward. As a result, couples are increasingly looking for more financial security in the divorce process in addition to more collaborative...
Changing roles in marriage can cause divorce, study finds
Some marriages in Arizona may start with each person being on equal footing. Others may begin in a more traditional manner, where the husband is in charge of finances and earning money while the wife stays home with the children or has a job that pays less money....
What custody means for parents and children
For Arizona parents, being a custodial parent has advantages and disadvantages. The custodial parent is generally the parent the child lives with most of the time. Even if the agreed-upon visitation schedule gives the child a substantial amount of time with the...