By Christian D. Barnard Divorce lawyer, Cordell & Cordell A client recently came to me for financial advice on divorce concerning his wife perhaps trying to shield assets through a Social Security Offset. A Social Security Offset is a reduction in the value of pension benefits subject to equitable distribution …
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Question: Child support is bankrupting me. I have a part-time job making minimum wage yet I am ordered to pay $500 a month in child support plus an extra $200 to cover arrears I accrued while unemployed. My wages are garnished along with them garnishing half of my unemployment benefits. …
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By Daniel Exner Divorce Lawyer, Cordell & Cordell If your state does not have a time limit on how long alimony lasts and are wanting to retire, you should file a motion to modify immediately. This is because, depending on the court, there may be an issue with the reduction …
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Financial adviser Dan Danford explains the major differences between a 401k plan and an IRA. In this edition of Money Made Easy, Danford, CFP®, CRSP®, MBA, of Family Investment Center, offers the pros and cons of both options and which one might be better for you and your family.
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Question: The man I am dating pays lifetime alimony to his ex-wife. I earn a large salary, substantially more than he does. If we were to get married, could she request more alimony from him? Can alimony be modified based on a new spouse’s income?
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Child Support Laws Question: My child support orders show there is to be an exchange of W-2 forms every other year. Neither party has requested these documents before, however my ex-wife is now threatening legal action because I have not provided them. Can this be an issue that will result …
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Question: Do child support laws for modifications apply for divorces less than one year old? We were divorced in December 2010. At the time of the divorce she claimed not to work, though she currently is self-employed making a decent income. I would like to lower my child support payments …
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Question: My daughter’s mother’s attorney submitted a child custody agreement to me with a child support payment amount already calculated. How did the attorney come up with this number without information on my income? I submitted my income information to the state office and told the attorney that the Department …
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Question: While going through our divorce, my husband was ordered to pay child support. Shortly after the order was entered he filed for bankruptcy and now wants the child support modified. Can child support be reduced or eliminated if the paying party files for bankruptcy?
CONTINUE READINGQuestion: I pay child support to my ex-wife, who is about to receive a large inheritance. I know the child support I pay depends on the income I earn and the amount of parenting time I have. Does it also depend on what she makes, either through her job or …
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