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divorce Archives

Making tax-deductible alimony payments

If a Nevadan owes alimony to a former spouse, that support might be tax-deductible. According to a decision by the U.S. Tax Court, however, the payment can only be deducted if it's specifically mentioned in a divorce or separation agreement.

Tips to help kids adjust to divorce

When children in Nevada experience their parents' divorce, they rely on their parents for emotional support and guidance. Although parents are dealing with their own challenges, they also need to manage the situation for their children. To begin the transition to a new kind of family life, the parents should inform the children about the divorce. They do not have to share many details, but it's important to explain that they still love the children.

Arguments over politics becoming more bitter under Trump

Many media pundits agree that Donald Trump's election victory in November has deepened the political divide in Nevada and around the country. Wakefield Research wanted to find out what kind of impact living under a Trump administration is having on couples, and the Virginia-based polling company discovered that arguments over politics are causing marriages and long-term relationships to end at an unprecedented rate.

Prenups and postnups leave openings for creditors

It may come as a surprise to some Nevada residents that they're on the hook for the debts of their spouses. Whether one spouse comes into the marriage with debt or runs up his or her credit cards during the course of the marriage, both spouses may be liable for repayment. There are, however, precautions that can be taken with prenuptial and postnuptial agreements.

Should married couples plan for the possibility of divorce?

A newly wedded couple is too focused on building their lives to consider the prospect of a marriage ending. They look for a place to live and plan for a family. In addition to those steps, sound financial planning can prepare couples for a future, regardless of their marital status.

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