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Divorce Archives

Financial tips for women after their divorce settlement

Though the wedding day is meant as the beginning of a lifetime together, the marriage often ends sooner than anticipated. For many women, the decision to file for a divorce is the beginning of the rest of their life as a financially independent individual. Iowa residents who are at the beginning phase of obtaining their freedom may benefit from several financial suggestions that may help them achieve their goals.

Tax bill will have major impact on divorce deliberations

There has been much in the news recently about the Tax Cuts and Jobs Act and how it will affect Iowa residents and others in the country. One proposed change will have a profound impact on those couples who have decided to get a divorce. The new law will change how alimony is taxed. Therefore, the revisions will affect the payer and the recipient of the spousal support in different ways.

Prenups prove useful in divorce discussions

Prenuptial agreements have historically been viewed as tools for the rich and famous. However, prenups can be beneficial for many Iowa couples and others around the country, regardless of the size of their bank accounts. A popular business magazine recently highlighted several instances when marital agreements would be of great use to couples should they get a divorce in the future.

What will happen to my property during divorce?

Ending a marriage usually raises many questions that you may have never thought of before. What does separate property mean? How does equitable distribution affect my property? Will my ex get most of our marital belongings? Understanding the answers to these questions can be essential for reaching a successful divorce agreement.

After divorce, spousal support may be important

Spousal support is an important aspect of family law that is not necessarily well-understood. Many people in Iowa pursuing a divorce understand that it is possible for a judge to order spousal support payments, even if they are not entirely sure why. Spousal support -- also called alimony -- can be a necessary part of divorce for a number of reasons, although in some instances it might not be needed at all.

Millennials may plan for divorce better than past generations

The mere mention of prenuptial agreements still ignites significant levels of discomfort in many people. For years, Iowa couples have tended to view prenups as divorce fertilizer or an indicator of relationship insecurity. Now, some experts say that millennials are embracing these agreements as a valuable part of their relationship planning.

Do I have to give up my inheritance during divorce?

Families use inheritances to pass down more than just money -- for many it is about continuing a legacy or ensuring that important financial assets remain within the family. However, divorce can throw a person's inheritance into question. While most people in Iowa might assume that their inheritance is strictly personal property and safe from the asset division process, this is not necessarily always the case.

About to divorce? Don't forget about your retirement

Life changes are inevitable and can upset even the most carefully laid plans. This can be a troubling realization for people in Iowa, especially as they deal with emotionally stressful situations, such as divorce. Many divorcees are understandably concerned about their future financial stability, especially regarding their retirement. Remaining alert and aware during proceedings can help individuals ensure that their personal interests are protected even as they deal with asset division.

3 social media tips to avoid unnecessary divorce drama

Divorce is painful, and discussing your experience with friends and family can help you through the pain. But confiding in a few trusted people over coffee is different from sharing all your details with hundreds of acquaintances online. If you are not careful with what you post on social media, you could start unnecessary drama and even create legal trouble for yourself.

Watch out for these tax changes after a divorce

When a marriage comes to an end, there are numerous issues that couples in Iowa or elsewhere in the country must address. While financial concerns such as asset distribution, child custody or spousal support are often discussed during the divorce process, dealing with potential tax consequences is not likely at the forefront in discussions. However, financial advisors recommend paying close attention to how taxes will change following a divorce.