According to a recent study, the profession with the lowest divorce rates was actuaries, with a rate of 17%. Other professions with low divorce rates were physical scientists, life scientists, clergy, and software developers. The study found that people who make less money are in general more likely to get divorced. Gaming managers have the…
Continue reading ›Scientists have come up with several factors that predict whether or not a couple will divorce. 1.) Getting married in your teens or after age 32; 2.) Having a husband who doesn’t work full-time; 3.) Not finishing high school; 4.) Showing contempt for your partner; 5.) Being overly affectionate as newlyweds; 6.) Withdrawing during conflict;…
Continue reading ›In the news recently is an article that Rob Kardashian agreed to pay $20,000 per month in child support, ending a heavily contested battle with ex-fiancee Blac Chyna. We frequently hear from clients that a friend of theirs is receiving a substantial amount of support, or not enough support, and they want to know what…
Continue reading ›1.) Child support Exemption. Child support is neither deductible, nor taxable. That being said, the dependency exemption can only be used by one parent. Generally, the parent that has primary physical custody, can claim the exemption; or, the parties can alternate the exemption each year. 2.) Spousal Support. Spousal support is deductible to the payer,…
Continue reading ›You may have seen the article in the news regarding a mother that was jailed for failing to vaccinate her son. Oakland County Judge Karen McDonald found that Rebecca Bredow was in contempt of court, for failing to vaccinate her son, despite her prior agreement that her son would be vaccinated. As a result, she…
Continue reading ›A collaborative divorce is one in which a couple hires attorneys, solely for the purpose of settling the case. Generally, a team of professionals assists the couple in dividing their assets, creating a parenting plan, and working together to come to an amicable resolution of any outstanding issues. In addition to the attorneys, the other…
Continue reading ›A Chapter 13 is a reorganization, and is for individuals who have regular income and can pay back at least a portion of their debt/creditors, through a repayment plan. A Chapter 7 bankruptcy is a complete discharge of your debts (with certain exclusions), for those individuals whose monthly expenses exceed their income.
Continue reading ›Section 362 of the United States Bankruptcy code provides for a stay of collection proceedings from the moment a bankruptcy proceeding is filed. An automatic stay is an automatic injunction that prevents any creditor action (with some exceptions), from continuing any collection activity against a debtor that has filed for bankruptcy. The stay is the…
Continue reading ›If you are considering filing for bankruptcy, you should bring the following documents to your free consultation: 1.) 3-6 months of paystubs; 2.) past two (2) years of income tax returns; 3.) If you own real property, you will need the property tax statement or appraisal; all recorded deeds, mortgages, or land contracts; and your…
Continue reading ›A qualified domestic relations order, or QDRO, is a court order that allows the transfer of funds from a 401(k), or other qualified retirement account, to a spouse, pursuant to a judgment of divorce. A QDRO is one of the few instances that money can be withdrawn from a 401(k), without paying an early withdrawal…
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