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Tag: Divorce


CARES Act Stimulus Checks Update: April 14, 2020

Timing of Stimulus Checks The IRS has just announced that a significant disbursement of CARES Act stimulus checks will be paid starting the week of April 12, 2020. This round of payments will include over 80 million Americans, including nearly all 2018 and 2019 tax filers who utilized direct deposit for refunds from the IRS. The online banking software for many financial institutions will reflect pending deposits for these stimulus checks starting a few days before they are deposited. Other individuals entitled to stimulus payments should receive physical checks within the next six to eight weeks. IRS Portal Update The
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6 Shocking Financial Surprises for Women Who Divorce

A recent study by Worthy — Building a Financial Fresh Start — examined the experiences of almost 1,800 adult women who were either facing divorce, were in the middle of a divorce, or had completed a divorce.  Overall, the study found that most of the women surveyed found themselves financially vulnerable due to two primary reasons: (1) the lack of financial knowledge; and (2) the lack of long-term financial planning. The six shocking financial surprises that divorcing and divorced women most often encounter include: Being unaware of the scope of marital debt; Not anticipating having to get a job; Assuming
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4 Ways You Can Help Your Nebraska Divorce Case

Navigating the emotional, financial and legal challenges that come with a Nebraska divorce can be made easier if you avoid making any bad choices or mistakes that can compromise your case.  These mistakes are typically made because of misinformation or a lack of understanding about the Nebraska divorce process.  This is why it is important for you to have an experienced divorce attorney you can turn to for advice, as she or he will want to help you achieve the best possible outcome. Letting your emotions get out of hand can hurt your ability to get what you want when
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Understanding the Phases of a Divorce Trial

While every divorce differs, the divorce trial process in Nebraska does not.  Here’s what you can expect: Step 1:  Filing the complaint The person who initiates the divorce by filing the complaint first is referred to as the “Plaintiff,” while the non-filing spouse is referred to as the “Defendant.” The purpose of the complaint is to advise the court that a divorce has been filed and what issues are involved (property division, alimony, children, etc.). Finally, the complaint informs the court what the filing spouse would like to be awarded in the divorce. Step 2:  Service/Voluntary appearance Once the complaint
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Does It Hurt or Help to be Nice in a Divorce?

Divorce does not have to be contentious.  In fact, you could be making it harder for yourself (and your children) if you approach your divorce with revenge in your heart.  Taking the high road is not always easy, but there are several reasons you may benefit from it: You can save money. If you and your spouse can be on good terms during your divorce, you will find it pays off.  Not only will the process go a lot smoother for you emotionally, but you can also save money if you are able to stay out of court.  Settlement is
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Using a Quitclaim Deed to Transfer Real Estate in a Divorce

One of the easiest and most common ways to transfer property rights to another party in Nebraska is through the use of a quitclaim deed. This type of deed conveys the interest you have in a property without providing any warranties or guarantees about the interest you are conveying. If you acquired your home during your marriage, you probably own it together as a joint tenancy with rights of survivorship.  This means that the property passes automatically to a surviving spouse.  When you divorce, the property settlement you negotiate with your spouse will typically include one of these two options
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4 Ways Children Suffer in a Bad Marriage

Today, divorce is commonplace, but there was a time several decades ago when divorce was considered socially taboo and couples were encouraged to always stay together “for the sake of the children.” Now we know that whether or not divorce is harmful to children depends largely on how it is handled by their parents.  We also know that toxic marriages can cause more harm than good to children.  There are several ways that children suffer when their parents have a bad marriage; here are four of the most common: 1.  Chronic anxiety. Conflicts in a marriage are internalized by children,
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Divorce Survival Guide for Those Over 50

According to recent statistics, approximately 25% of U.S. divorces involve couples over the age of 50.   The incidence of what has become known as “gray divorce” has risen drastically over the past decade, but there are ways you can survive — and even thrive — if you keep these tips in mind: Prepare emotionally and legally.  Even if you have been married for decades, do not expect that you will be treated with the same care you experienced during your marriage by the person you are divorcing.  Divorce is always challenging, so be sure you find a good divorce attorney
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What is a Qualified Domestic Relations Order (QDRO)?

When it comes to property division in a divorce, there are often retirement or pension plans that are on the table to be split between the divorcing spouses. Splitting a qualified retirement plan or pension plan in a divorce requires the preparation of a QDRO (qualified domestic relations order). A QDRO allows for the division of qualified plan assets in a tax-deferred manner for the receiving spouse, and provides that spouse with 60 days in which to roll it over into an IRA without penalty. If you want to take some money out for divorce expenses, you can make a
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Do NOT Do These 10 Things When You Divorce

Divorce is a time of conflicting emotions — anger, sadness, and even relief.  Typically, emotions are all over the place, which can make it difficult to make good decisions about issues that will likely have an impact on your life long after the divorce is over. The things you should be doing during a divorce — taking care of yourself and your children, planning for a new financial future, etc. — you probably already know about.  But there are also some important things you should NOT be doing during a divorce that could harm your case.  Here are 10 of
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