The Family Law Source

When you are married, it’s common to intermingle your finances, open joint credit card or loan accounts or purchase a home, making it tough to figure out what happens to that debt in the divorce.

Who is responsible for debt after divorce? | Bankrate Discover what happens to debt when you get divorced.

Gray divorces are more common these days, and the financial impact of them may be greater than you think. https://bit.ly/3oN4oI1

Couples may sign a postnuptial agreement to protect an inheritance, provide for a stay-at-home spouse, assign ownership of a business, repay a parental gift, or salvage a marriage.

What Is a Postnuptial Agreement? How It Works and What's Included A postnuptial agreement is created by spouses after entering into marriage to outline the division of financial assets in the event of a divorce.

“Bird nesting” is a co-parenting arrangement where the kids stay in the family home, and the parents split their time between that house and a different one. While still an uncommon arrangement, it does appear to be on the rise, and it offers potential benefits, as well as challenges, for children and parents.

Which Parent Should Keep the House After Divorce? "Bird Nesting" Parents Say Both Experts explain how kids can benefit from this unique co-parenting situation.

When it comes to filing taxes, deciding which parent will claim children as dependents is an important issue for divorced couples.

Child Tax Credit 2024: Here's When Your Tax Refund Could Arrive You may not get your tax refund in 21 days if you're claiming certain credits.

Joint custody schedules should be tailored to the particular circumstances and needs. Parents may choose from common templates such as alternating weeks or 2-2-3 rotations, which require multiple switches in a week, but gives each parent every other weekend with their child. You might come up with your own variation, but the most important thing is to formalize a suitable schedule within your custody order so that there is no confusion.

Prenups are signed agreements between couples prior to getting married that outline what will happen to their money and other assets if they divorce. Postnups are similar agreements, only after the couple is legally married.

Not just for the wealthy: Prenuptial agreements and what couples need to know about them. Prenups and postnups are not just for the wealthy, said Deveney Wells-Gibson, a San Diego-based lawyer. They're for anyone considering marriage

When a parent seeks to modify child custody terms, judges decide based on what they believe to be in the child's best interests. Unless a significant shift in circumstances has occurred, courts might be reluctant to alter arrangements that appear to be working. Some reasons the court could consider a modification include the following: immediate danger posed to the child; a proposed parental relocation; problems complying with the visitation schedule or the incapacity of a custodial parent. If you wish to modify your child custody terms, speak to a family law attorney in your state.

Whether you’re going through a divorce, separation, or cutting ties with the parent of your child, you’ll likely need financial support to meet the demands of raising a child. Child support is meant to help fill the financial burden left by your partner.

What Is Child Support? Child support is a series of payments that go toward the living expenses for your child after divorce, separation, or a breakup with your child’s other parent.

Child custody proceedings can be emotionally charged and legally complex. The attorneys at The Family Law Source Linda I. Braithwaite Esq. provide comprehensive guidance to protect your parental rights and establish arrangements suited to your child’s needs. Visit our website to learn more. https://www.thefamilylawsource.com/

If financial hardship is keeping you from meeting your child support obligations, it's important to ask a judge to modify your support order. A family law attorney can often work with the custodial parent and a judge to help you reduce your payments.

Getting divorced can have financial implications for how you file taxes. One question you might have is whether both of you can claim head of household if you maintain separate residences but share children. IRS rules specify that to claim head of household, your child must live with you for more than half the year.

I'm Divorced. Can Both My Ex and I Claim Head of Household For Taxes? Getting divorced can have financial implications for how you file taxes. One question you might have is whether both of you can claim head of household if you maintain separate residences but share children. The IRS allows legally separated or … Continue reading → The post Can Both Divorced Pare...