Tag: Finance

Do I Lose Rights by Leaving Our Home?

Leaving the marital home during a divorce does not automatically mean you lose your rights to the property or the custody of your children, but it can impact your case in several important ways. It’s essential to weigh the pros and cons and take steps to protect your interests. Here’s what to know before making the decision:

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Divorce Financial Disclosures

In a Colorado divorce, both spouses are required to complete financial disclosures, including the JDF 1111 form (Sworn Financial Statement) and relevant supporting documents like pay stubs, tax returns, and account statements.

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How to Handle Taxes Post Divorce

Filing taxes after a divorce can be complicated, but it doesn’t have to be overwhelming. From updating your filing status to understanding who can claim dependents, knowing the rules can save you from costly mistakes. And with changes to alimony tax laws, it’s crucial to stay informed. Ready to navigate this new financial chapter with confidence? Here are 10 essential tips to get you started.

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Changing Alimony Post – Divorce

Navigating alimony after divorce can be overwhelming, but understanding your options is crucial. Alimony can be modified due to changes in income or financial needs. Whether facing job loss or remarriage, you can adjust your agreement through mutual agreements or court motions. Learn the essential steps to ensure your alimony reflects your current situation. Empower yourself with knowledge!

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Onward Tip: Opening a New Bank Account

Navigating finances after a divorce can be challenging, but opening a new bank account shouldn’t add to the stress. Discover how to take control of your financial future with our tips on choosing the right account. Learn about account types, low fees, high interest rates, and the importance of customer service and security features. Empower yourself to make informed decisions and regain peace of mind. Explore the best banking options for you!

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Disclaimer: Information found on Onward.Life, and in this article is for informational purposes only and should not be considered legal, financial, or tax advice. For guidance on your specific situation, please consult with a qualified attorney, financial advisor, or tax professional.