It's April 15, and some Peoria-area residents may still be scrabbling to meet the dreaded tax deadline. For recently divorced men and women, tax time may present new challenges and surprises. The decision to divorce is typically accompanied by a whirlwind of change. In addition to changes to one's living arrangements, financial situation and time spent with children; divorce also often signals big changes during tax time.
It's 5:30 on a Saturday night. You head to your 15-year-old daughter's room, knock on the door and ask her to come down to eat. As usual, you're met with silence. Several requests later, you pry open the door at which time she yells at you to go away. This scenario, or something similar, is one that plays out in American households on a regular basis. While all parents struggle at some point or another to connect with a child, for divorced parents these types of struggles can be particularly difficult.
Love is a powerful emotion that often drives people to do crazy things. In some cases, however, what a person believes to be love is something entirely different. This is often the case in many intimate relationships where a person stays in a marriage or relationship for the wrong reasons.
In the past, gender roles were largely dictated by society. As such, both men and women grew up with certain expectations related to what to expect from one another and society at large. As such, the vast majority of men and women did not live together until after marriage. Today, the only real rule related to gender roles is that there are no rules.
Few of our posts have focused on the economic implications of divorce. After all, the recession likely contributed to the historic drop in divorces. According to the National Center for Health Statistics, divorces hit a 40-year low in 2009 (the height of the recession). However, as the economy has improved, the number of divorces has increased.
Around this time of year, it is normal to yearn for green grass, palm trees and sandy beaches. It is nor surprise that you may be seeing an additional number of Sandals vacation commercials. The same with Royal Caribbean Cruise Lines. But if you are newly divorced or have problems with your ex over parenting time, planning a spring break getaway can be fraught with issues.
If you think there are problems with your divorce proceeding, it may be easy to blame your attorney. After all, you hired your lawyer to protect your rights and assert your interests as you begin a new life. However, there may be situations where your attorney is not the problem, and the law is simply not on your side.
For those who grew up singing "Do That To Me One More Time", or remember their first love because of "Muskrat Love" or "Shop Around," they may be disappointed with how the relationship between Cathryn Tennille and Daryl (The Captain) Dragon is ending up. According to a recent ABC News report, the couple better known as "The Captain and Tennille" is breaking up. Tennille, who lives in Arizona, recently filed for divorce, citing irreconcilable differences.
While January is a popular time for people to initiate divorces, it may not be so friendly to do so for tax purposes. Indeed, there are some advantages to start the process early in the year (getting it over with is one of them) but in the haste of trying to get unhitched, some parties forget about the important tax implications that can come with a divorce decree.
In a prior post, we highlighted how prenuptial agreements could be an important topic of discussion between couples who pledge to get married. As a matter of fact, prenups are becoming more common as apathy about the longevity of a marriage becomes prominent. According to a survey conducted by the American Association of Matrimonial Lawyers (AAML), sixty-three percent of attorneys surveyed indicated that they saw an increase in requests for prenups. Of those surveyed, 80 percent said that prospective couples wanted to protect their separate property.