If you get married, you definitely need to consider how your and/or your spouse’s loans will affect the other with regard to taxes and in the event of a divorce. If you or your spouse have student loans and you are enrolled in the Revised Pay As You Earn plan, your monthly loan…
In Pennsylvania, both parents must provide financial support to their children at least until the children turn 18 or become emancipated, which means they can support themselves. When parents have divorced, separated, or have never lived together, the parent with more custodial time is generally entitled to receive child support payments from the other…
Currently the person receiving alimony pays income tax on the alimony received. The alimony payer is able to deduct alimony payments from his/her income, reducing the payer’s tax burden. Beginning January 1, 2019, any alimony orders issued from that date forward, the tax burden for alimony will no longer shift from the payer…
Pennsylvania has its own divorce laws regarding who is eligible to file for a divorce. Each state protects its jurisdiction and makes sure the appropriate laws are applied to the appropriate cases. To prevent your case from being dismissed, make sure you meet the Pennsylvania residency requirements. The most common mistake people make is…
Let’s face it: The prenup seems so utterly unromantic – or just plain wrong – but it’s also become so right for so many these days: those keenly aware that a marriage may end up in a legal separation, divorce or death. Most prenups tackle financial issues such as real estate, division of bank…