Alimony and taxes are a hot topic for many spouses
One of the most interesting things about alimony — also known as spousal support — in our country is that it is considered taxable income to the receiving spouse. It is also tax-deductible to the paying spouse. Oklahoma residents may be surprised, however, to hear that, according to the Internal Revenue Service (IRS), some spouses […]
Divorce reforms on the table in some states including Oklahoma
The end of a marriage can be a time filled with strong emotions but the divorce process does not have to be unnecessarily complicated as a result. Forty years after no-fault divorce, some states are looking at ways to reduce the high numbers of marital dissolutions. Some argue that no-fault divorce favors the spouse wanting […]
Eliot Spitzer will pay out big due to divorce
Oklahoma residents may be interested to hear that former Gov. Eliot Spitzer will be shelling out quite a lot to his ex-wife following the couple’s divorce. He will be paying her alimony in the amount of $240,000 annually until either her remarriage or her death. In addition, as part of a postnuptial agreement the parties […]
What happens to the family pet when it comes to divorce?
Dog and cat owners in Oklahoma usually consider their pets to be treasured members of their family. So when a couple faces a divorce, they may not only be worried about property division, child custody and alimony issues. They may be left wondering what will happen to their beloved family pets. It is estimated that […]
"Conscious uncoupling" versus divorce
As residents of Oklahoma may have heard, musician Chris Martin and actress Gwyneth Paltrow are heading towards divorce. However, what readers may not have heard of is the unorthodox way in which they are referring to their separation: conscious uncoupling. What exactly does conscious uncoupling mean? For some it means a less hostile and more […]
Hidden reactions can adversely affect divorce
In Oklahoma, many people going through divorce understand the need for restraint and not overreacting in obvious ways. However, it has become increasingly apparent that subtle reactions are the true enemy of divorce decorum. In a name, that understated foe is called social media. Social Media and Divorce During a divorce, emotions run high, spurring […]
Reduce stress in divorce through organization
Many Oklahoma residents considering divorce may be concerned about how stressful the process can be. Those people may consider making an effort to get organized before starting the process. While organization will not remove all stress from a divorce, it might reduce it by removing the worry of finding important documents or other information that […]
Healthcare becoming a non-issue in divorce settlements
In Oklahoma and throughout the nation, health insurance has become less central to divorce negotiations, according to The Philadelphia Inquirer. This change is due to the implementation of the Affordable Care Act. While the implications of the ACA as it pertains to divorce are only just emerging, it appears that unhappy couples will no longer […]
A prenuptial may save your marriage
Prenuptial agreements are a delicate subject. How does one approach the love of one’s life by requesting that they sign a document that will prevent them from obtaining some of your assets in a divorce? And maybe for a first marriage of a young couple with few assets, a prenuptial agreement may be unnecessary. But […]
Economic activity drives divorce rate and vice versa
The economy in the last few years has been hard on many people in Oklahoma. Many have endured loss of income from fewer hours at work or in the case of a job loss, no hours at work. Home values in Tulsa stagnated or fell, often leaving homeowners owing much more on their mortgage than […]
