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Tax Credits and Children

Parents need to be aware of the various child dependent exemptions and credits that are available to them on their tax returns and how they might be affected by a parenting plan or divorce (separation) agreement. We all know the value of the child dependency exemption. Do not assume that the parent with the child the majority of the time gets the dependency exemption. That is not true in Colorado. Taxes are about money and …

Learn More About Jones Law Firm!

Perhaps as a child you remember your parents going through a divorce, the tension was always strong in the house, especially when they couldn’t come to an agreement. You remember how hard it was on you and your siblings, and how much you just wanted to be there for them and yet felt as if there was no way you could. You remember they never hired a lawyer to help them, and the process of all …

Hiding Assets In Divorce: Never The Right Strategy

A survey conducted by the National Endowment for Financial Education found that approximately one third of U.S. couples with combined assets were dishonest about money. This includes lying about debt as well as money earned. The survey also found that 58% have hidden cash and 54% have hidden a minor purchase. Such deception can be harmful in a relationship. But it’s downright illegal during a divorce proceeding; doing so can be detrimental to your case. …

Divorced From Health Insurance

The financial effects of divorce start to add up quickly. All of a sudden the one income has to cover the expenses that used to be split between two. This includes housing, utilities, food, and insurance. And for women that have always relied on their husbands health insurance plans, it can mean the end of health insurance altogether. The University of Michigan conducted a study of women from age 26 to 64 between 1996 and 2007. From …

Teenagers & Their Parents’ Divorce

The teenage years are awkward all by themselves. Dealing with physical changes and changes in friendships. First dates and first pimples. Peer pressure and parental pressure. It’s a very volatile time in life. Sometimes teens are very vocal about how they feel. Other times, they can seem okay while they’re emotions are all over the place. If their parents are going through a divorce, it is yet another change. Something else to get used to. …

Facebook, Twitter, and Your Divorce

As much as we all love our Facebook, Twitter or other social media accounts, we sometimes forget that over-sharing on these public forums can have significant and negative consequences, not only professionally and personally, but there are legal consequences as well. We have all seen the posts of a friend venting about her relationship woes or how they drank way too much the night before. Judges and Magistrate’s here in Colorado generally disdain parents or …

Planning For Your Financial Future Long After The Divorce Is Final

With the current state of the economy, the old adage “It’s cheaper to keep’er” has never been more true. But sometimes a divorce is unavoidable. If this is the case, the couple must start considering their individual financial futures sooner rather than later. This can prove to be challenging on multiple levels. The first challenge is one that affects the nation as a whole – the housing market. For many couples, their real estate is their greatest asset. And …

Will You Get Divorced Because Your Parents Did?

It is fairly well-known that half of marriages end in divorce. Of course this doesn’t mean that every marriage will end in divorce, but you probably know someone whose has. Maybe it was someone in your family. It could have been your parents. If it was, what does that mean for you? Is it even a factor? According to The National Opinion Research Council at the University of Chicago, the children of divorced parents are 50% …

Gray Divorce: The Growing Trend

No one was really shocked when Kim Kardashian filed for divorce. It was far more surprising to find out that Rhea Pearlman and Danny DeVito called it quits after 30 years of marriage or that Tim Robbins and Susan Sarandon ended their 23 year relationship. And sadly they are not alone. The “Gray Divorce” is on the rise. According to a study by Bowling Green State University, the rate of divorce among those 50 or over …

Your Divorce Attorney: Your Greatest Defense Against Common Mistakes

By the time a couple arrives at the point where the next logical step is divorce, it is understandable that at least one of you would like to get through the process as quickly as possible. But unlike ripping off a Band-Aid, speed is not typically the best course of action here. Your next step is to contact your attorney. A good attorney understands the emotional effects of divorce, but also understands that there are …


DISCLAIMERS:

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.


Our team includes attorneys licensed to practice in multiple states including April D. Jones in California, Patrick G. Barkman in Texas, the Cherokee Nation, the Northern District of Texas, and the District of Colorado (United States Court of Appeals 10th and 5th Circuit).