With today’s economy and job market, unexpected, significant decreases in income can be a reason to request modification of your child support order. If you have lost your job or received a decrease in your salary and are having problems meeting your child support requirement, you can ask the court to modify the amount of… Continue reading →
Posts Tagged ‘income’
Paying spousal support
A couple who has been married for a long time and decides to divorce always has issues that need to be addressed. The biggest concern usually involves money – providing for the children and the divorcing spouse. In most cases, the spouse who is the higher income earner is responsible for support of the other… Continue reading →
Tax consequences and divorce
When a couple is going through the divorce process, especially when they are fighting over the division of assets, they are not thinking about the significant tax consequences down the road. It is important to know how to make informed decisions about the tax consequences of property division and support payments. It is important to… Continue reading →
Were you married more than 10 years?
California is one of the few states where a person can benefit in spousal support payments if they have been married for more than ten years. The spouse earning less income has the right to receive alimony for however long and as long as the paying spouse can pay it. Although few do, it is… Continue reading →
Can I change my spousal support payment?
Spousal support in California can be a complicated matter. California laws allow either party to modify a support order at any time. The court has the final determination on the modification. If you need to modify your spousal support payment, you can file for a modification; however, many factors are considered first. The court will… Continue reading →
Is a prenuptial agreement for you?
Getting married may be romantic, but it also involves some business issues because you and your spouse are about to enter into a legal partnership. Even though entering into a marriage is a fairly easy process, getting out of one can be a difficult process. Since California has a very high divorce rate, prenuptial agreement… Continue reading →
Child support
Do you need legal assistance with child support? The state of California takes into consideration both parents’ income in order to assess child support payments. There are certain factors that affect payments, including: · Child custody · Parenting time · Financial obligation to a previous or new marriage · Health care costs · Child’s education… Continue reading →
Spousal support & Divorce
Protect yourself from possible financial disaster! Spousal support is normally awarded so the recipient spouse can have some degree of financial independence. He or she can continue with the lifestyle they have been used to while the marriage was intact. Depending on the circumstances, spousal support can be awarded for a limited time or indefinitely…. Continue reading →
Can I afford a divorce?
In today’s bad economy, some women are asking themselves if they can afford a divorce and become a one-income family. If you are in a marriage that will not get better, keep in mind that there are ways to minimize the cost of divorce. No one can answer the question of whether it is a… Continue reading →
California specific guidelines on paying child support
The state of California has specific guidelines that determine the amount of child support that should be paid in order to ensure that your child receives proper care. It is up to both parents to provide for their child, both financially and emotionally until at least 18 years old. When determining the amount of child… Continue reading →
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