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All Posts Tagged Tag: ‘Divorce’

Preparing for Divorce – Financial Accounts

financial statements to gather in preparation for resolving financial issues in a divorce

Just as there is a wide variety of families involved in the divorce process, those families have varying degrees of financial wealth or debt. Even if you’re committed to not fighting over money or believed that you and your spouse have resolved all financial issues, it is still important to make a complete list of all financial accounts and liabilities …

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Preparing for Divorce – Child Custody Issues

Appointment book to track child's activities for child custody during divorce

Although many couples agree regarding custody of their children when they divorce, there are just as many couples that argue about who should have primary custody of the children and what visitation is appropriate. Even if you believe your spouse will agree with you regarding custody, it is wise to make a few preparations in case things do not proceed …

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What Happens to Child Support When Your Child Graduates?

Most child support orders expire when a child turns eighteen and graduates from high school.  So, what happens when you reach that day?  First, make sure you have a clear understanding of your child support order.  Then, determine if child support should stop or be reduced.  If child support is being paid directly between the parties, and support is scheduled …

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When and How to Enforce Child Support Orders

paper family with broken money heart and Child Support text

Raising children is expensive.  According to an article on CNN Money, recent estimates put the expense at approximately $245,000 (and that doesn’t include college!).  Considering the nearly insurmountable costs of raising a child, why should any parent do it alone?  If you are a single parent not receiving court-ordered child support, here are some things to consider: 1) You can …

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Should you carry life insurance after your divorce?

Photo showing life insurance policy

Many couples carry life insurance on each other, especially once they have children.  The purpose of life insurance is to replace income and provide for the survivors if one of the spouses passes away.  The same concerns exists after a divorce. Most people understand the need for the parent paying child support to have arrangements to replace the child support …

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Children and Divorce – Children as Witnesses

Child with hands over mouth as if unwilling to speak or provide testimony

What’s goes on behind the closed doors of a family home are known only to those that live there. So, what happens when Mom and Dad have different versions of what happened in the marital home?  Often, the only other witnesses are the children.  The children see or hear the domestic violence, the strange men or women who may visit …

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Home Ownership During Family Changes – Part 2

Picture of a home divided in half because of divorce

For most people, the American dream includes owning your own home. However, family changes can affect home ownership, and should be considered by present or prospective home owners. As part of this multi-part series, we will explore how changes in life, such as marriage, divorce, aging and death, can affect home ownership. HOME OWNERSHIP AND DIVORCE Divorce is a difficult …

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Home Ownership During Family Changes – Part 1

A young couple sits on a sofa surrounded by boxes and enjoys their new home

For most people, the American dream includes owning your own home. However, family changes can affect home ownership, and should be considered by present or prospective home owners. As part of this multi-part series, we will explore how changes in life, such as marriage, divorce, aging and death, can affect home ownership. MARRIAGE AND HOME OWNERSHIP In today’s society, couples …

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Modification of Child Support When A Child Turns 18

Dad With Teens

A non-custodial parent subject to an order for child support for more than one child should review his (or her) child support obligation when the oldest child turns 18.  When that happens, it is appropriate for the non-custodial parent to seek a modification of child support to reflect an accurate support amount for the remaining number of minor children the …

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Can we agree to zero child support?

Child Support

Many couples seek to resolve their differences and divorce amicably.  Often, as part of their discussions regarding divorce, they agree that no child support will exchange hands. Sometimes the agreement is based on a promise that both parents will continue to provide everything the children need.  Other times it is based on an agreement that both parents will have equal …

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