BACK TO DIVORCE LAW Effect of Divorce on Taxes
Divorce or dissolution of marriage affects several tax issues. Many factors need to be considered to understand the impact of divorce on your taxes.
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Effect of Premarital Agreements on Divorce
Premarital agreements or “pre-nups” are often used for estate planning purposes, often to keep property separate when the spouses have children from earlier marriages or relationships who they want to inherit.
→ Read MoreEffect of Divorce on Wills, Trusts, and Estate Plans
Divorce is a permanent legal action that affects more than just a couple’s relationship status. One area affected by divorce is the couple’s estate and the subsequent estate planning. Estate planning is the process of preparing and describing what will happen to all of your assets should you pass away.
→ Read MoreDating During Divorce or Separation
Dating during divorce or separation can have legal consequences. Read on to find out how.
→ Read MoreEffect of Divorce on Social Security Benefits
Married couples are entitled to each other’s social security benefits, but what happens when the couple decides to divorce? While many people understand the rudimentary changes to taxes and estate planning that occur after a divorce, most do not understand, or even consider, the consequences of a divorce when it comes to social security benefits. Are you entitled to the social security benefits of your ex-spouse?
→ Read MoreHealth Insurance Coverage After a Divorce
If you and your kids are on your spouse’s insurance and you are getting a divorce, it is imperative you know what will happen to your health coverage after the divorce.
→ Read MoreEffect of Divorce on Life Insurance
Upon divorce, it is important to review the beneficiary designations on existing life insurance policies and make any necessary changes. This may depend upon the financial obligations between the parties, such as alimony, child support, and other financial issues that may be contained in the divorce settlement agreement or ordered by the court. Read further to learn of the effects of divorce on life insurance.
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