When determining child custody, parents at times may battle with each other to to gain more acces to their child. Although each parent may have their own feelings about the best custody arrangement for their child, they must keep in mind that the arrangement must meet the best interests of the child.
Distributing businesses between spouses during a divorce
An important issue to determine in a divorce is the distribution of property between the former couple as it details their finances from that point on. Spouses should be aware of the rules governing this division and how property is classified and valued.
Tax implications surrounding payment of alimony
Spousal support is used to balance the finances of both spouses after a divorce so that the lower income spouse is not unduly impacted as a result. Such support has tax consequences for both former spouses.
Retirement assets require greater attention in property division
Retirement accounts are often given less consideration during a divorce than other assets since they often aren't used for many years in the future. These assets, though, may become a couple's largest assets and their distribution should be handled correctly.
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