Collaborative Divorce Teleclass

Do you want to know more about Collaborative Divorce? If you are going through divorce, you may want to choose this option. If you are a professional, you will learn more about how to make this work for you. In either case, don't miss this teleclass to be held on Tuesday, May 12th at 11am Mountain time. Go to www.FDAdivorce.com to register.

Consider cost of living increases for child support

We all know that children seem to get more expensive as they get older. They seem to have more expensive "toys" such as computers, skis, orthodontics, etc. Many couples discuss including a cost of living increase each year for child support.

Child Support Guidelines

All states now have Child Support Guidelines. They are usually based on the incomes of both parents and the amount of time spent with each parent. As each state may vary widely in its calculations, consult with an expert in your state.

Child support is always modifiable

Child support is always modifiable. The courts will not allow us to take away the rights of the chldren.

Free Report

To get a FREE copy of "The 10 Most Common Money Mistakes in Divorce," go to http://www.carolannwilson.com/signup.html .

Tax issues with alimony

Alimony is taxable to the person who receives it and tax-deductible by the person who pays it. Some creativity can be used to offset the higher tax bracket of the paying spouse with the lower tax bracket of the recipient to end up with more dollars in the pockets of both spouses.

Alimony: modifiable and non-modifiable

It is common to see a final divorce order that specifies how much alimony is to be paid. It may not specify now long it is to be paid. In this case, either spouse can come back at any time and ask that the alimony be modified - either up or down. A wife may need more or continued alimony and the husband may wish to have it lowered or stopped completely.

Non-modifiable alimony means just that. The divorce decree will state how much and how long and nobody may change it later. This may create a hardship on either party in the case of a disabiltiy. It also means that the alimony has to continue even if the receiving spouse gets married before the end of the agreed upon term.