Tax day is nearly here, both nationwide and in California. With all the rumors floating around about the alimony deduction, you may be uncertain about whether or not you can still deduct your spousal support payments from your federal income tax. The answer is, yes, you can.
If you are preparing to divorce, you have probably been given a lot of unsolicited advice from well-meaning friends and family. Most divorced couples have gone through a process which is combative, frustrating, and ultimately emotionally damaging. But it does not have to be like that.
At the Law Offices of Diane J.N. Morin in California, we know that many of our clients are looking for a more amicable, cooperative and less stressful way to obtain a divorce than that offered by the traditional litigation process. If you fit this description, FindLaw explains that a collaborative divorce may be exactly what you are looking for.
Whether or not you consider yourself wealthy, you likely have some personal assets that you'd like to protect if you ever get divorced. Young Americans are waiting longer to get married, which means they are often more financially secure going into the relationship.