Finances and Divorce: Credit Cards

Divorce financial analyst JoAnne Holt

By JoAnne C. Holt,  Divorce financial analyst Credit cards are a serious problem if not handled properly during a divorce. This is one area where divorce planning is very helpful if not essential. The Twentieth Judicial Circuit in Florida, where I live, provides something called a Temporary Standing Order that

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Practical Tax Advice While In Litigation

By Kristin K. Zurek Attorney, Cordell & Cordell, P.C. Around this time every year, clients start to ask me how to approach their tax filings while their divorce litigation is pending. As the parties are not yet divorced, does it benefit the client to filing separately or filing jointly? Read

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Laughing at Restraining Orders

Borrowing the title of a famous George Gershwin ditty, “they all laughed” when a Santa Fe, New Mexico family court judge granted a temporary restraining order (TRO) against TV talk show host David Letterman to protect a woman he had never met, never heard of, and lived 2,000 miles away

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Divorce and Your Taxes: Part 3 – Alimony

Alimony, also referred to in some states as “maintenance”, is a payment to or for a spouse or former spouse under a divorce or separation instrument. Generally, court-ordered alimony is tax deductible to you and taxable to your recipient spouse or former spouse. If you are the person paying alimony,

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