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Divorce Archives

Tax reform bill can affect alimony payments in divorce process

The tax reform bill currently in Congress is a hot topic in the state of Oregon and other states across the country. One issue addressed in the bill that is before the House of Representatives is the treatment of alimony. Since the discussion of alimony can be a potentially volatile subject in divorce proceedings, any potential changes in its handling is being closely watched.

Avoid common financial pitfalls in divorce

When a marriage ends in Oregon or anywhere else around the nation, couples often find that their financial situation is negatively affected. Incomes are typically reduced, yet each household has its own set of expenses. Financial experts have identified several areas of concern for women involved in a divorce. However, men as well as women would be advised to avoid these pitfalls.

Don't neglect financial planning in a divorce

When couples decide to end their marriages in Oregon or elsewhere around the country, there are many questions for them to address. However, the most complicated issues that arise during divorce proceedings often revolve around finances. Experts stress the need for both spouses involved to address several areas during the process.

Keep finances straight during a divorce

When a marriage comes to an end in Oregon or elsewhere around the country, there are many issues to address. Some of the most significant decisions made following a divorce likely involve finances. Though getting a divorce can be an ordeal, experts recommend keeping a level head and paying close attention to money matters.

Divorce may have considerable tax impacts in Oregon

Most individuals worry about their finances at some point or another. A major catalyst that could spark this concern is going through divorce. Because ending a marriage means living on a single income and potentially losing and gaining assets during property division, understanding financial impacts may be vastly important. Oregon residents may want to pay particular attention to potential taxation.

Give PEACE a chance during a divorce

When an Oregon couple decides to end a marriage, peace is typically not a word that immediately comes to mind. However, divorce experts suggest that the process may work more smoothly if specific areas are addressed. The areas can be easily remembered by the acronym PEACE.

Taxes can be affected by divorce

There are many emotional aspects involved when an Oregon couple decides to end a marriage. In addition, several financial considerations come into play during divorce proceedings. One area that can be significantly affected in a divorce is the couple's income tax return. Financial experts recommend taking a close look at the areas where divorce can have the most impact.

Decline in divorce rate should not be viewed as good or bad

Many statistics are available in Oregon and throughout the country. When viewing data, there is a tendency to define a positive and negative direction of the trends. For example, unemployment numbers going down would be positive, whereas an increase in crime would be viewed as negative. However, experts are recommending that one particular statistic should not be viewed this way. They suggest that changes in the national divorce rate – either up or down – should not be considered good or bad.

Divorce rates down across the country

People often make the statement that half of all marriages in this country will end. However, a recent study by the National Center for Family and Marriage Research shows that the divorce rate has steadily declined in the last four decades. In fact, when studying marriages in Oregon and across the country, research shows that those rates are at their lowest in quite some time.