When people in Arizona get a divorce, it could lead to a reduction in their financial stability and that stretches into retirement. This may be particularly true for older adults who are already near retirement and who are getting divorced at much higher rates than in...
Month: June 2018
Estate planning during and after divorce
Divorcing couples in Arizona are required by law to keep some things the same as long as they are legally married. This may mean paying for an estranged spouse's health insurance and keeping them as the beneficiary on retirement accounts. However, there are a few...
When parents are voluntarily impoverished to avoid child support
When some Arizona parents are ordered to pay child support, they attempt to shirk their financial responsibilities by becoming voluntarily unemployed or impoverished. Essentially, this means that a person may voluntarily leave his or her job or stay unemployed even...
How unemployment might affect child support payments
A parent in Arizona who loses a job is not automatically allowed to pay less in child support. If the parent is eligible for unemployment, the unemployment office needs to be notified about the child support order. Child support payments will then be deducted from the...