Child support payments are important to make. If you fail to pay child support, you may face legal penalties. You should always try to make child support payments to the best of your ability. But what if the court order becomes unfeasible? Sometimes child support orders do not make sense when there are life changes.
While no one goes into marriage thinking it may not last, California couples who decide to part ways may have some options for doing so amicably.
If you are a divorced California resident who pays spousal support to your ex-spouse, you may have heard that you can no longer deduct the annual amount of those payments from your federal income taxes. Before hastening to your attorney’s office, however, to see about getting a modification of your support order reducing your payments so as to make up for your lost deduction, take a deep breath. This new law does not apply to you. You can still deduct the amount of your payments not only this year, but also in the future. Likewise, your ex-spouse must continue to declare these spousal support payments as income and pay income tax on them.
Dividing property may sound easy: "I'll take the house. He can keep the cars." When a family has shared life in and through that property, though, deciding who gets to keep what can be tricky. California families would do well to remember assets are often not simply property; instead, they include the meaning attached to that teapot or framed portrait.
When you and your spouse decide to divorce, one of the things you must agree on is how you will split up the property you have accumulated during your marriage. If the two of you cannot agree, a judge will determine who gets what.