While the familial home may have sentimental value, from a financial standpoint, keeping the house is sometimes the wrong decision in a divorce. From payments that are too high to handle on a single income to buying out the other spouse's interest, keeping the home may create several challenges that some individuals are best off avoiding. Understanding these challenges will help divorcing parties make informed decisions in the divorce process. Payments Can Be too High One reason for … [Read more...]
Archives for August 2019
How Does Disability Affect Child Support?
Child support obligations do not generally cease when the paying parent becomes disabled, but disability can affect payment amounts as well as when and how they are received. The expected duration of the disability, whether the paying parent has private, employer-sponsored, or social security disability benefits, and whether back payments are owed can all impact future child support. Child Support Obligations of Disabled Parents When disability leaves a parent unable to work, … [Read more...]