Questions tagged [divorce]
The divorce tag has no usage guidance.
52
questions
75
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11
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Parent asking for money after I moved out
My parents are divorced and my dad has to pay to my mom financial support for everyone in the family. Because I moved out, my dad removed part of this financial support that he gives my mom. She is ...
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44
votes
11
answers
17k
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What can I do with a property that won't sell following divorce?
My wife and I bought a property just over 2 years ago for €114,000.
We put down a 10% deposit (€11,400) and so took out a mortgage of €102,600.
We took the mortgage on a short term (15 years) to ...
- 3,655
21
votes
3
answers
10k
views
Will crossing out my ex-wife's name cause problems using my checks?
My ex-wife is no longer on my checking account, but I have still been using the checks with no problem. Her name is written below mine. I want to know if I take a marker and black out her name will ...
- 319
12
votes
1
answer
669
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What are the advantages of a prenuptial agreement?
Why people don't do them? and why people do?
Does it makes financial sense to do them?
- 5,825
10
votes
1
answer
4k
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Will a divorce affect my co-signed vehicle?
Not sure if this question should be here or in the law exchange, but basically my dad cosigned my car loan for the purposes of rate reduction (as I had virtually no credit history at the time). My dad ...
- 2,864
8
votes
3
answers
3k
views
Wife wants to buy me out of our house - how to do this?
My wife and I want to separate, and have agreed in principle that she will pay me half the value of the house we share and I’ll move out. As she has just inherited a large amount following her father’...
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7
votes
2
answers
3k
views
When filing MFS (US), do I need my separated spouses W-2?
So, I've never been divorced before, and I've always done our taxes. That said, I have no idea how Married Filing Separately works.
My date of separation was in March of this year (2013), and ...
- 1,038
7
votes
4
answers
2k
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How is a Roth 401(k) split during a divorce, and can a spouse's share be liquidated?
I am in the midst of negotiating a divorce where my spouse would prefer, whenever possible, to get cash instead of a retirement account.
I have found many sources online (e.g., this one) stating that ...
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7
votes
1
answer
288
views
After a Divorce, may I use my HSA to Pay Spouse's Medical Bill that Occurred Prior to Divorce
I am recently divorced (in Iowa). My spouse got a large bill in the mail covered by insurance for an emergency room visit. She still owes money even after insurance paid a portion of the bill.
I'm not ...
- 205
6
votes
2
answers
808
views
Can I appeal credit ding if ex-wife is responsible for paying mortgage?
Per the divorce agreement, my name stays (jointly) on the mortgage, but my ex-wife is responsible for making all mortgage payments
She missed two payments this spring, triggering a negative credit ...
- 291
6
votes
1
answer
1k
views
Family/divorce lawyer wants large retainer before taking on case. Is this normal?
My friend needs to get a separation agreement and divorce. The law firm she called asked for a retainer of several thousands of dollars up front before doing any work. Is a large retainer normal for ...
- 61
6
votes
3
answers
2k
views
Settling house with husband during divorce. Which of these two options makes the most sense?
This is the scenario:
Our house is worth about $250,000 (we think). We owe about $200,000, so we have $50,000 equity. We are divorcing amicably and both want a solution that is fair and makes sense.
...
- 255
6
votes
1
answer
168
views
Federal Income Taxes For Year of Divorce
In March, my spouse and I happily divorced, coming to our own agreement and keeping the courts out everything (other than termination). Since we were legally married for three months of 2015, how ...
- 2,413
6
votes
1
answer
235
views
Divorce and Social Sec, Pension, and 401K
I am 65 while my spouse is 52. My spouse has been the sole breadwinner of the family and we've been married for 25 years
If we were to get a divorce, can I start collecting now on my spouse's Social ...
- 61
5
votes
2
answers
493
views
Pending divorce for all of 2017 while self employed. Will I force my ex to itemize?
We separated in Sep 2016, I served her divorce papers in Feb 2017, and the divorce is still not finalized. So for all of 2017 we did not live together, and we only communicated about divorce related ...
- 165
5
votes
2
answers
412
views
Is it impossible to get a home loan with a poor credit history after a divorce?
I am a very recently divorced single mom. I own my small farm which we cannot live at due to my ex-husband's continued harassment.
I have the farm for sale but so far all interested parties want/need ...
4
votes
1
answer
232
views
Is there any way to alleviate the impact of divorce on tax returns?
My friend got divorced towards the end of 2016, and it seems she owes a lot more than she was expecting because her filing status is now Single.
She went through all the options she could find in ...
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3
votes
3
answers
379
views
Does "community property" apply to day-to-day finances or only during a divorce?
What is the scope of the "community property" concept? Does it have any practical meaning in the scope of day-to-day finances for a married couple or does it apply to their finances only if divorcing?...
- 133
3
votes
2
answers
146
views
Withdraw IRA Funds after Divorce
So I know that in most cases, withdrawing cash from a retirement fund is never a good idea. However in my case, my ex husband left me with a decent divorce settlement but over 25K in credit card debt. ...
- 31
3
votes
1
answer
393
views
How Can We Refinance A Home Mortgage As Part of A Divorce?
We are in the middle of getting divorced and one of our decisions is for one of us to keep the house. I am trying to figure out all the costs involved in that, but I need more information.
Is it ...
- 31
3
votes
1
answer
149
views
can alimony exist prior to divorce for the purpose of US tax filing?
A married couple separated in the first half of 2014 and together signed an uncontested divorce decree which specified alimony payments. The divorce case has been filed with the court but not ...
- 260
3
votes
0
answers
77
views
Paying aliments: how to consider debt from divorce itself?
It seems I may be divorced in Germany and I want to get my calculations right.
I have a house worth 150k€. I have paid 50k€ before marriage. I have paid 100k€ during marriage. Remaining debt is ...
- 131
2
votes
3
answers
894
views
Can I save our credit with a quickie divorce?
I bought a house in 2006, at the height of the boom. Now I owe more than $100K what the home is worth, and considering walking away from my mortgage.
(I'm in California, which is a "no recourse" ...
- 395
2
votes
1
answer
1k
views
How do student loans get split in a divorce?
My question: Legally should a husband have any responsibility for his wife's student loan if it was taken out during their marriage? They are divorcing, the loan is in her name, and I, her mother, co-...
- 21
2
votes
1
answer
1k
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Would you liquidate your 401k to pay off debt in this situation?
I have a potentially complex situation that I am looking to resolve in the least painful way possible.
I am going through a divorce. My income is nearly twice as much as my ex's, and I am going to ...
anon
2
votes
1
answer
371
views
Can I set aside money for child's education so it will be safe in divorce?
I'm not sure if this is more of a financial or legal question. Let's say there's some tension in my marriage, and my wife and I would like to set aside money in a way that, if we were to get a divorce,...
- 29
2
votes
1
answer
211
views
Alimony deduction related to Tax Cuts and Jobs Act of 2017 (TCJA)
According to a summary by H&R Block,
Alimony deduction for payments made under orders executed after December 31, 2018. For new orders, the TCJA no longer allows payors to deduct alimony ...
- 73
2
votes
1
answer
456
views
What happens to a cashed out Roth IRA in a divorce settlement?
The husband's Roth can be cashed out (has had it over 5 years and is over 59 1/2).
The wife has been granted the Roth in the property settlement. The wife needs the cash.
If the husband cashes ...
- 21
2
votes
1
answer
68
views
Capital gains tax from selling home at divorce
My husband and I separated almost three years ago and are finally getting a divorce and selling the home we bought together in 2017. He has lived there continuously while we were separated, but I ...
- 21
2
votes
1
answer
107
views
How much can we put into flexible spending account
My wife and I are going through a divorce, which will not be finalized before the end of 2018. We have three kids together and will be splitting custody. Both of us are trying to enroll in benefits ...
- 2,602
2
votes
1
answer
143
views
Cost basis on sold rental property obtained by cashing out ex-wife, not incident to divorce?
My ex-wife and I bought and lived in a duplex. We eventually divorced and agreed to co-own the duplex where she remained. Later, she moved out and I moved in. (we were always on good terms). A few ...
- 21
1
vote
3
answers
2k
views
Will a judge remove my ex-wife's name from the title?
I have a car that has both my name and my ex-wife's name on the title. Will a judge remove her name if she hasn't paid anything on the car?
I paid all of the payments, but she's asking me to give ...
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1
vote
1
answer
289
views
I thought I was a boat owner with a loan, only to find out I was used as a cosigner. What are my rights? [closed]
I thought I purchased a boat. I signed the paperwork as a borrower, only to find out I was used as a cosigner. He filed for divorce and took off with the boat. He is always 2 payments behind. What are ...
1
vote
2
answers
637
views
Is there a difference on how the property is divided during the divorce based on gender, in the U.S.?
I know in most developed countries, women can get rich from divorce. But suppose a poor man marries a rich woman and they divorce later. Can the poor man claim part of the woman's assets? Or does it ...
- 2,177
1
vote
2
answers
279
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Removing ex wife and adding new co-owner to mortgage [closed]
I am finalizing a divorce where I am being given ownership of our house. The house has a joint mortgage on it, which I will be assuming, While removing my soon-to-be ex wife from the house, I would ...
- 11
1
vote
1
answer
57
views
Tax treatment for minor with Roth IRA and ex-spouse
I want to open a custodial Roth IRA for my 16 year old that has some earned income. As I understand I'll need to prove that contributions aren't exceeding a maximum, which I imagine is just some tax ...
- 113
1
vote
1
answer
217
views
My ex took out 401(k) loans from his 401(k). Does this ruin the integrity of the account and make it co-mingled?
We are splitting 401(k). He took many loans and used the money for family bills. Does this make it a marital rather than separate property because of the loans?
- 11
1
vote
1
answer
213
views
Alimony on gross salary
How does someone pay alimony on their gross salary if they are employed by someone else? Suppose the partners agree on giving half of the gross monthly salary as alimony. If said person has X gross ...
- 111
1
vote
0
answers
57
views
Are you taxed on money withdrawn from a Roth IRA to pay for alimony?
A QDRO allows a non-penalized distribution from a Roth IRA due to a divorce but what if money is taken out and used for alimony that is not specified in the QDRO? Form 8606 Part III, Line 19 is where ...
- 630
1
vote
0
answers
135
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Ex Spouse Buy Out Of Home Equity Help! [duplicate]
My husband and I had our divorce finalized 2 months ago. In that decree, he is to pay the mortgage on our house in Kansas, but I need to move. I have been living in the house with my 2 minor children ...
- 11
0
votes
2
answers
396
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Is marriage a financially sound decision? [closed]
I am a 29 year old male with average salary and I have been considering marriage, mostly out of peer pressure. When I was thinking about it, an obvious question came up:
Is marriage ever a financially ...
- 139
0
votes
1
answer
145
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Is it better to invest FULL savings, in a home before marriage, or PARTIAL savings after marriage (50/50 contribution with spouse)?
My question is around the safety of my brother's investment (Washington State, USA) if shit hits the fan and his marriage falls apart.
He is planning to buy a property now (huge investment) but our ...
- 31
0
votes
1
answer
115
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Going through a divorce and I’m in dire need of a new vehicle. Can I purchase one with a co-signer?
I’m currently going through a divorce in Mississippi. Non contested papers have been drawn up and sent to my wife. My vehicle has bitten the dust. Can I purchase a vehicle with a co-signer and keep it ...
0
votes
1
answer
232
views
I received half of my ex-husband's 401k in 2014, paid penalty fee, no income in 2014, should i file federal income tax for 2014?
I got divorced in 2013,I got half of my ex_husband's 401k.The early withdrawal penalty was determined and prepaid by the settlement amount. no income for the year 2014, should i still file federal ...
- 1
0
votes
1
answer
150
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divorce,house,etc [closed]
I moved out of the home that my husband and I purchased with our 3 kids about 2 years ago. He has been paying the mortgage for most of the time (last year he got renters). We have owned the home for ...
- 11
0
votes
1
answer
63
views
In a divorce is there a benefit to selling stocks?
During a divorce when splitting up an account holding stocks is it better to sell all stocks and split the proceeds or to split the stocks? My husband sold all the stocks in the account which caused a ...
- 11
0
votes
1
answer
157
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Do I need Ex's Signature on Closing Documents if I have Quit Claim Deed?
I was awarded my home in my divorce decree and I have an offer on it now. Do I need my ex's signature on any loan documents during the closing process if I have a Quit Claim Deed filed with the county?...
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0
votes
1
answer
124
views
Ex spouse transfers 60k via joint to foreign account
does anybody understand why my ex spouse has transferred a significant sum from his private US account to our still existing joint account (including the fee for transfer) and from the joint to an ...
- 1
0
votes
1
answer
228
views
Does a divorce decree automatically transfer the ownership of a car? [closed]
My husband and I got a divorce, and he was awarded the car. He never transferred the title or registration in his name. Am I still co-owner of the car? If he wants to sell this car with my name still ...
- 1
0
votes
0
answers
110
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HELP w-2 and 1099 during a divorce
In the middle of a divorce were we owned a company contracted with another to provide management and advisory.
I was also employed as an employee for same company we contracted with. We split last ...
- 1