Fox Business:How to make your #divorce cheaper. Stay out of court and consider Collaborative Practice! #cpcal http://ow.ly/llxUA
Categories: Attorneys, Collaborative Divorce, Courts, divorce, Finances, property, real estate
Tags: alternate dispute resolution, Attorney, collaborative, collaborative divorce, Collaborative Practice, court, divorce, Divorce Attorney, family law, Law, Lifestyle, Marriage, property, real estate, Real Estate Radio Hour, Relationships
On April 4, I had another opportunity to go on San Diego ESPN 1700′s Real Estate Radio with my good friend and fellow collaborative divorce practitioner, Justin Reckers, CFP®, CDFA™, AIF®. It was a great opportunity because we had the full hour to ourselves to talk about divorce processes. I have been a long believer that people facing a divorce need to take control early and decide what process they wish to use to complete their divorce. So many people and attorneys just jump straight to litigation, which for most people, is the the very worst way to transition a family. It is more expensive and more destructive.
I was pleased that Justin and I had the chance to tell about mediation and collaborative divorce as excellent options for parties to reduce cost, take control of the outcome and transition their families in as healthy a way as possible.
Listen to the whole show here:
Categories: Attorneys, Holidays, humor
Tags: Attorney, Divorce Attorney, holidays, humor, Lawyer, lawyers
Apparently it is International Be Kind to Lawyers Day. I simply don’t know what to say. Perhaps I will just sit in my office and wait for kindness to flow my way. (Yeah that’ll happen!) ;)
So go out. Find a lawyer. Give him or her a great big hug. Awwww! (Now go take a shower with liquid hand sanitizer.)
My ex and I are divorced, but have a child together. Can I claim my child as a dependent on my taxes?Posted March 29, 2013 by Shawn Weber
Categories: children, custody, divorce, Finances, Relationships, Taxation
Tags: Attorney, child, Child Tax Credit, children, coparenting, Dependency Exemption, divorce, Divorce Attorney, family law, finances, Form 8332, Law, Lifestyle, Marriage, noncustodial parent, Relationships, tax, taxes
Rules regarding who can claim a child on his/her taxes can be found in IRS Publication 596. In general, you can only qualify to claim a child for a tax credit or dependency exemption if the child has lived with you for over half of the year.
However, sometimes in crafting child support orders, family law professionals and courts deliberately plan to give the noncustodial parent the dependency exemption and child tax credit. This is especially true if the support recipient has lower income and is in a lower tax bracket and the supporting parent is in a higher tax bracket. The party in the higher tax bracket may be able to make better use of the exemption and credit. Sometimes allowing that person to claim a child will enable us to order a higher amount of support because there is more disposable income available to pay support. It’s a win-win for everyone.
The IRS allows the noncustodial parent to claim a child if each of the following requirements are met:
“1. The parents:
a. Are divorced or legally separated under a decree of divorce or separate
b. Are separated under a written separation agreement, or
c. Lived apart at all times during the last 6 months of 2012, whether or not they are
or were married.
2. The child received over half of his or her support for the year from the parents.
3. The child is in the custody of one or both parents for more than half of 2012.
4. Either of the following statements is true.
a. The custodial parent signs Form 8332 or a substantially similar statement that he
or she will not claim the child as a dependent for the year, and the noncustodial
parent attaches the form or statement to his or her return. If the divorce decree or
separation agreement went into effect after 1984 and before 2009, the
noncustodial parent may be able to attach certain pages from the decree or
agreement instead of Form 8332.
b. A pre-1985 decree of divorce or separate maintenance or written separation
agreement that applies to 2012 provides that the noncustodial parent can claim
the child as a dependent, and the noncustodial parent provides at least $600 for
support of the child during 2012.”
Remember, without a signed Form 8332 or equivalent, the noncustodial parent may not claim the child.
This article is intended for informational purposes only and should not be construed as legal or tax advice. Remember, because every case is different, nothing replaces personalized advice from a professional. For further discussion of divorce and custody related tax issues, call attorney Shawn Weber at 858-345-1616 for a free telephone conference or go to his website at www.BraveWeberMack.com.