If you have been ordered to pay alimony or the courts have decided that you will receive alimony, you might be wondering how it will affect your taxes. One of the things that separate alimony from child support is that the spouse receiving it will have to pay taxes on it. So, it follows that if one spouse is paying taxes on it, the spouse paying it can use it as a deduction.
Child custody is one of the most important issues couples need to resolve during a divorce. When couples cannot come to an agreement on how to handle custody and parenting matters, a court has to step in and make a decision. One important point parents need to understand going into custody proceedings, though, is that the decision is not primarily about their own competing interests as it is in other aspects of divorce, such as property division.
Some professionals have fairly run-of-the-mill work schedules, while others do not. Doctors tend to fall into the latter category. Physicians can have a very demanding and unpredictable work schedule. This can raise special issues for a doctor when they are getting divorced.
Divorce is a time of upheaval, even though it can also be the best solution for you and your soon-to-be-ex. One of the many ways that divorce can affect your life is in a financial manner. There will be costs associated with your divorce and there will be a new financial reality you will have to face as an individual when your spouse is no longer with you. So what considerations does the law make for this scenario?
