Many people have heard of prenuptial agreements. They are marital contracts signed before a couple walks down the aisle that protect each party's interests and assets in the event that the marriage fails. Those agreements make sense to a lot of people. But what about postnuptial agreements?
If your divorce isn't going to be final before the end of the year (or if you haven't begun the process yet) and alimony is part of it, you'll be facing the new rules established under the Tax Cuts and Jobs Act (TCJA) signed into law a year ago. For the first time in over 70 years, alimony payments won't be tax deductible for payers or reportable as income by recipients.
Social media has opened up many people's spheres to include "friends" and "followers" they wouldn't meet in their everyday lives. Many of our social media relationships are with people we've never met in person -- or ever will. They may be with people who live across the country or halfway around the world. We may connect over shared political views or a shared love of The Walking Dead or Game of Thrones.
If you're facing your first holiday season as a divorced parent, you're likely experiencing a mix of emotions. Even if this isn't your first December as a part-time single parent, the idea of not being with your kids for all of their holiday celebrations can be difficult. There are things you can do to make things easier for yourself and your children.
The holidays can be an extremely stressful time for divorced co-parents -- particularly if this is their first holiday season apart. One issue that can become a minefield is gift giving for the kids. Too often, parents' resentments towards each other manifest themselves in how they handle Christmas or Hanukkah presents. This only saps the joy out of the holidays for the kids who are caught in the middle.