Has your marriage struggled to maintain a healthy level? Do you realize that there is no way to fix the issues you and your spouse have? If so, divorce is likely the next step if you have already gone through counseling. As you work through the divorce process you will begin dividing assets. One asset that is always considered separate property is an inheritance.
If you're currently preparing for divorce in a Florida court, you may have several critical issues on your mind. If you're a parent, then your children's best interests are an obvious concern. There are typically numerous issues to resolve, such as those involving custody agreement, visitation schedule or child support payments. Property division is also a high priority issue in most divorce cases.
If you recently filed for divorce from your spouse in West Palm Beach and you have children, you are likely wondering what you can do with any child support you receive. Child support can be used for just about anything when it comes to your child, including opening a college savings fund in their name.
An appraiser can wind up being a big help if you file for divorce in West Palm Beach, Florida. You should never go through a divorce without the help of an appraiser. It's likely your divorce attorney will recommend the same because an appraiser will be able to provide you with the value of your home and other assets to your name.
Receiving alimony is an important part of getting divorced, especially if you need it to pay for your insurance, rent, basic necessities and other items. It's also important that you properly report the alimony you receive on your annual tax return. Today, we will discuss how you can report alimony using a 1040 when you file your tax return in West Palm Beach.