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June 2017 Archives

The likelihood of divorce and factors affecting it

24393215_S.jpgDivorce statistics are calculated in a number of different ways, and each sheds a different kind of light on the divorce rate. Certain factors also raise the likelihood that any one Missouri couple might get a divorce. While the divorce rate may be around 40 to 50 percent, there is more complexity to this picture than is immediately apparent.

Tax court says no alimony deduction without formal agreement

19467641_S.jpgIn a Missouri divorce settlement, a person might agree to pay alimony to a former spouse. That alimony is usually tax-deductible, but it is important that it be mentioned in the formal divorce agreement. Otherwise, according to the U.S. Tax Court, it is not deductible.

How to handle income inequality in a Missouri marriage

25788417_S.jpgIncome inequality is a topic that has drawn a lot of attention in a variety of contexts. It has impacted many different aspects of people's lives including who they marry. In this regard, "associative mating" has become a popular trend as individuals look for others who have similar levels of education and similar income potential. This is different from the 1950s when women would look to marry those who had more money or education.

Child support after bankruptcy

22135079_S.jpgWhen Missouri parents divorce or separate, the non-custodial parent may be ordered to pay child support. These funds are used for the everyday expenses of raising a child, including food, housing, clothing, school fees and health care. Most parents pay child support willingly and take this responsibility seriously.

How to avoid end-of-marriage financial woes

45868350_S.jpgDivorcing couples in Missouri often face a combination factors that make it difficult to make wise decisions. Ending a relationship is an emotional situation that presents many complex options. When people don't clearly understand the divorce process and the associated laws, it can lead to financial ruin and cause even more emotional damage to everyone involved, especially children. Therefore, divorcing parents should be aware of strategies on how to protect their assets for a better financial future after the split.

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Stange Law Firm, PC

Stange Law Firm, PC
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Columbia, Missouri 65203

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