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Divorce Archives

New tax law may provide benefit to couples getting a divorce

Much has been reported about the new Tax Cuts and Jobs Act, and its implications on alimony. Iowa couples who finalize a divorce in 2019 will experience some changes to the current structure. Alimony paid can no longer be deducted on an ex-spouse's tax return; however, those receiving it will not have to pay taxes on it. While this new scenario will not likely benefit either party in a divorce, there is a potential bright spot with the new law that has not been widely discussed.

Divorce issues: Make sure prenups are binding

Couples in Iowa and all around the country may choose to develop prenuptial agreements for a variety of reasons. One partner may anticipate an inheritance in the future and wants to protect it in the event of a potential divorce. There may be children from a previous marriage and a spouse wants to protect their interests and avoid contention if the marriage fails. Regardless of the reasons for creating a prenup, a couple going through a divorce likely assumes that such an agreement would help them eliminate any questions or problems about property division. However, experts warn that there are instances when a prenuptial agreement may not be enforced.

How to deal with debt during and after a divorce

Many factors have to be deliberated when an Iowa couple decides to end their marriage. Child custody and support, determining who keeps the house, dividing up bank accounts and changing beneficiary designations are just a few of the topics that must be addressed. One significant area that may be overlooked is how debt should be handled in a divorce.

New tax laws may lead to increase in divorce

There has been heated discussion in Iowa and elsewhere around the country about the nation's recently revised tax laws. There is much debate regarding whether the changes will have a positive impact on the economy. However, some experts anticipate that there will be an increase in the divorce rate through the end of 2018.

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.