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You or your ex may qualify for 50% of the other’s Social Security benefits once retired, even if your retirement takes place after the divorce. The guidelines and rules for eligibility are strict! Here is the breakdown on how it works: Who May Claim Social Security Benefits from an Ex? To be eligible to file a claim: You
Parents could get a smaller federal tax refund this year or even owe the IRS if they received the expanded Child Tax Credit in 2021. For divorced parents, this will affect the parent who received the credit last year–that is, the one claiming the child as a dependent on the tax return. The Advance Child
Major life changes, including divorce, often prompt people to return to school to gain marketable job skills, pursue a new or unfinished degree or certificate program, or explore a different career path. If that describes you, bravo! Additionally, navigating how to pay for college for your children after your divorce can be tricky. Either way,
Divorce can feel like wading into an alligator-filled swamp–an unfamiliar territory of legal to-do’s, paperwork, and major financial decisions, all while carrying on family and work obligations and trying to maintain your sanity. When it comes to making major financial decisions, it can be tempting to take the easiest path forward, simply to
If you are divorced and have children, you should know about recent changes to tax laws, and how these could affect your finances going forward. In 2018, the federal Tax Cuts and Jobs Act made two significant changes to the child tax credit and the dependency exemption. The new law: Expanded the Child Tax Credit. Specifically,
It’s a question we hear often. If you and your spouse are parting on good terms and have an agreement on the issues involved, you might think it would be easier and more cost-effective to hire one divorce attorney to handle the court filings. Sometimes couples are afraid the situation will become adversarial
In the best of scenarios, divorced parents will agree to work together with their children to plan on how to save and pay for college. In the imperfect world we live in, however, this can become a highly contentious issue that must be settled in court. There are certain things you can expect when this
For most clients, the number-one fear is how much their family law case will cost. When asked about price, attorneys have a tendency to reply with: “I’m not sure. It depends on (fill in the blank).” This vague response leaves clients with no way to gauge how much they will pay, and it also makes them
How much a family law case will cost is the number one fear of clients. When asked how much something will cost, family law attorneys have a tendency to reply with: “I’m not sure, it depends on… (fill in the blank).” This leaves clients with no way to gauge how much they are looking
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