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January 2020 Archives

"Modern Family" star needs to work to fund costly divorce

For those who marriages end, things can be difficult financially. Apparently, that can also be the case for celebrities like Julie Bowen who divorce. The California-based "Modern Family" star says she has to keep working because the recent divorce from her husband of 13 years was a costly one. She made the statement after she was asked if she was prepared for the sitcom to come to an end.

Visitation often granted after child custody is denied

Just because a California family court judge rules that its best for a particular child or children to live full time with only one parent after divorce, it does not necessarily mean the court believes the other parent is unfit. In many cases, the reasons prompting such a decision might have more to do with children's ability to handle stress. If the court thinks traveling back and forth between households on a regular basis would cause too much stress for the children involved, then it might see fit to deny one parent child custody in favor of the other.

How new spousal support laws affect divorce and taxes

In case you didn't hear about it, 2019 marked a big change in how to report spousal support, or alimony, at tax time. Before, those paying the support could list it as a deduction on their taxes, while the people receiving it had to pay taxes on the amount. Most experts said this actually worked in favor of both spouses, since it lowered the total taxes paid.

Child custody and money focus of Lisa Marie Presley divorce

When a California couple decides to divorce after 10 or more years of marriage, it is not uncommon for complex issues to arise. If disagreements persist, things can get quite messy before a settlement is achieved. This appears to be the case for Lisa Marie Presley, daughter of Elvis Presley. She filed for divorce after a decade of marriage to Michael Lockwood, a struggling musician who has stated that the situation has caused him to be homeless, and the two are battling over child custody and financial issues. 

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