Pennsylvania couples who are facing the end of their marriage may be worried about their finances. While this can be a stressful aspect of divorce, looking at concrete information can help them get a better sense of control.
Taking control of financial issues in a divorce
How tax law changes may affect divorce planning
It's not unusual for a divorce agreement in Pennsylvania to include alimony payments to the lower-earning spouse. The Tax Cuts and Jobs Act won't change the ability to receive this type of assistance. What it will do is reverse a tax law that's been on the books since 1942. With marriages that legally end in 2019 and beyond, alimony will cease to be deductible for tax purposes by the payor. Also, the recipient will not have to report such payments as income. This upcoming change has some unhappy spouses rushing to untie the knot.
Protections in military divorces
Pennsylvania couples who have at least one member in the service and who want to divorce should know that the military has different rules in place for the process. While the military generally considers divorce cases to be civil matters that should be decided by state courts, it does have some protections in place for service members and their spouses.
Older divorcing couples face property division challenges
Pennsylvania seniors who decide to divorce may face different challenges than had they divorced in their younger years. Instead of arguing over child support and custody, they'll find themselves dividing retirement accounts and a lifetime's accumulation of joint marital assets.
Make the most of your co-parenting relationship
Your divorce is final and you negotiated a child custody agreement with which you and your ex-spouse are satisfied. You are still in the early stages of implementing your parenting plan, and you have come to the realization that you and the other parent have some work to do before you can maximize your co-parenting relationship.
