I got a great question today in my Ask a Lawyer Section. The question was this – “In North Carolina is a spouse entitled to half her husband’s pension? If so, when does she get it and is it considered income when considering Alimony and Child Support?” Here is a quick synopsis of this difficult…
Category Archives: Taxes
What does Alimony really cost?
This morning I took part in a training call for some software I use to help me calculate different alimony scenarios for clients. What is great about the software is that it allows my clients to see what effect taxes will have on their alimony payments. If you are receiving alimony, many people forget that…
What if my spouse dies before our divorce is final?
It’s a difficult situation, to be sure, but it is a fact of life that your soon-to-be ex-spouse may conclude your divorce proceedings earlier than expected if they pass away while the divorce is pending. It is not common, but what do you do if this happens to you? First of all, you have to…
How to divide retirement assets in a divorce
I came across a good article today that outlines how different retirement benefits could be divided in the event of a divorce. Here is a brief rundown of some of the topics discussed: What to do before you divorce – Get a copy of the summary plan description from the employer How to split up…
How Health Care Reform will Impact your Divorce
One of the big issues that always comes up in cases where divorcing couple is older, or where one party to the divorce is an unemployed homemaker, is health care. In these situations, it is typical for both husband and wife to be insured together under a group plan from the employer for one of…
Taxes and Divorce
As tax day has now come and gone, it probably would have been better for me to have written on this topic several weeks ago, but as I was hard at work on my own taxes, I didn’t get a chance to! So, perhaps you will come across this post in 2011, before you file…