Owning a business can mean that a couple in Ohio has an additional complication when it comes to dividing property in a divorce. The first step they will need to take is having the company valuated. Once they know what the company is worth, they might want to sell it, but one person might also […]
Divorce
Divorce, taxes and claiming dependents
When completing their tax returns, Ohio residents can claim qualifying dependents and encounter almost no issues. However, in situations in which multiple taxpayers are claiming the same dependents, such as when separated or divorce parents both claim their children, the process can quickly become complicated, forcing the Internal Revenue Service to examine the returns and […]
Staying calm during a divorce has long-term gains
A divorce proceeding can be one of the most emotionally taxing legal events a person can experience. Many divorced individuals in Columbus, Ohio, can attest to this fact. However, becoming lost in one’s emotions can have a detrimental effect on the divorce, including the property settlement and parenting plan. Techniques are available that can assist […]
Divorce could mean splitting with professional partners too
Once an Ohio couple decides to end their marriage, there’s often a lengthy process of transition as two households are established from one. Even when the parties know the split is the right path, anxiety can accompany the new beginning. It can be difficult seeing social friends having to choose between former partners. When it […]
Divorce and avoiding financial mistakes
Ohio couples who are planning to get divorced should know that the process can be lengthy and have emotional consequences. They should also be particularly aware of how getting divorced can negatively affect their finances in the present and in the future and of what steps to take to mitigate that impact. For many people, […]
Alimony, child tax deductions changed by TCJA
Tax changes put in place by the passage of the Tax Cuts and Jobs Act in 2017 will have implications for some Ohio couples who are getting a divorce. Two of the main issues deal with how deductions are taken for children and the treatment of alimony. Instead of divorced parents being able to take […]
