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December 2018 Archives

Planning for divorce amid changing tax laws

People in Oklahoma who decide to end their marriages may seriously consider how changes to the tax laws will affect their divorce. In late 2017, Congress passed the Tax Cuts and Jobs Act, best known for its changes to income and corporate taxes. One provision affecting divorcing couples will go into effect with the new year. Many couples escalated their divorce timeline in order to finalize a settlement before the end of the year. While the new rules will apply to all divorces finalized on or after Jan. 1, 2019, they will not affect people who completed their separation in 2019 or earlier.

Reducing divorce risk with proactive debt management

It's no secret that money can be the source of contention and anxiety among married couples in Oklahoma. In fact, a new survey by a financial firm reveals that more than half of all couples go into a relationship with existing debt. Furthermore, 40 percent of the individuals questioned believe financial stress has negatively impacted their relationships. Money woes can also contribute to marital fights, disagreements over who is responsible for debt problems, poor communication and difficulty addressing money matters in general.

Navigating the holidays as divorced parents

Oklahoma residents who are going through or have gone through a divorce should consider how to parent during the holidays. Holidays come with extra struggles for separated or divorced families who have to juggle custody of their children. Since this can produce dilemmas wrought with feelings for both parents and children, it may help to approach the holidays with a plan already in place.

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