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April 2015 Archives

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Does child support extend to college tuition and expenses?


Many Maryland parents count down the days until their child turns 18 and legally becomes an adult - especially non-custodial parents who are paying child support. These parents may wrongfully assume that their responsibility ends at age 18, but in reality they may be paying child support for at least another four years. Why? Because some states mandate that parents pay for their child's college tuition and expenses. Although Maryland is not one of those states, you might still be on the hook for your son's or daughter's college tuition.

Residency requirements for filing for divorce


In order to end a troubled marriage, a person may move to another state and attempt to file for divorce there. However, filing for divorce is not as easy as showing up at a random courthouse. With just a few exceptions, a person must be a resident of the state in which they are filing for divorce. Residency requirements vary by state and range from six weeks to a year. In Maryland, the requirement is one year.

How MD workers avoid child support wage garnishments


When a Maryland struggling single parent is unable to get timely child support payments from an ex, he or she may contact the local child support agency to seek wage garnishment. While this may work for some parents, many paying parents find ways to receive income without having wages garnished. They do this by becoming independent contractors, which means they are either paid cash for their services or as a 1099 employer, which means they are considered self-employed and therefore pay their own taxes. This is an issue that has no doubt affected many Maryland parents who rely on child support to get by.

A personal approach for even the most complex high asset divorce


Divorce is never easy, even when it's a mutually agreed-upon decision. Even in the simplest divorce, there are strong emotions and asset division issues to contend with. In high asset divorces, there are often retirement plans, real estate, business assets, expensive vehicles and other complex issues to deal with. No matter what you own, no two divorces are the same, which is why a personalized approach is key.

What is and isn't considered alimony for tax purposes?


When many Maryland couples divorce, one party is forced to pay spousal support to the other. This is to even things out financially when the marriage ends, especially if one spouse earns a lot more than the other. However, figuring out what constitutes alimony is not as easy as one would think. While some people write a check directly to their former spouse every month, others make mortgage or life insurance payments that could qualify as alimony for income tax purposes. Read on to find out what is considered alimony.

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