It’s not easy to go through a divorce. Not only do you go through an emotional upheaval, you need to consider your children’s welfare as well. While a break up can lead to anxiety, you can still cope, provided you work with a knowledgeable legal professional.
What Do You Want to Achieve?
When you speak to a family lawyer in Richmond, TX, you can tell them what you hope to achieve from a divorce settlement. Maybe you want to sell the home you shared with your spouse. Perhaps you wish to be listed as the custodial parent. Whatever your goals, you need to express them to a legal advocate. Doing so will make you feel more confident about the process.
Whenever you initiate any type of legal action, you need to exert your rights and find out the best course to take. You can do this more easily when you consult with a family lawyer – someone who knows how to resolve family disputes and mediate a type of peace. For instance, one client needed advice on obtaining alimony payments. She did not know that alimony payments were not part of the division of marital assets – that it was additional money.
Tax Changes in Spousal Maintenance Reporting
Recent changes in spousal maintenance also affect your income taxes. That is why it is imperative that you learn all that you can about this part of a divorce agreement. For example, according to family lawyer professionals and tax accountants, any divorce agreements finalized in or after the beginning of 2019 eliminate alimony or spousal maintenance as a tax deduction for the payer. This amount should only be reported as income. Any divorces finalized before 2019 will still follow the deduction and income method of reporting.
If you wish to learn more about mediating a divorce settlement, talk to an expert in the legal field today. The more you know about what to expect, the easier the filing will be. Explore your legal options with a qualified attorney.