The Best Books About Divorce and Money

Taxes & Divorce: Marriage Obligations and Debts as Alimony: Payment of debts of one spouse by the other are payments made on behalf of the payee spouse to a third party if paid pursuant to the terms of a divorce or separation agreement (Temp. Reg. Sec. 1.71-1T Q&A 6). These would qualify under Section 71(b)(1)(A) as alimony (assuming all the requirements are met). It can be a very difficult to structure the payments to qualify. It would appear that the temporary regulations had in mind future debts of one spouse such as living expenses rather than those marital debts assumed at the time of the divorce. One of the requirements for payments to be alimony is that there must be no obligation to make any payments after the death of the payee spouse. If even one payment is required, then none of the payments are alimony (Temp Reg. §1.71- 1T(b) Q&A 13). If one spouse unconditionally promises to pay a marital debt or obligation of the other spouse, the payment is a property settlement, not alimony. Featured Download Manuals: The Download Center What Happens to the Marital Home Valuation of Businesses in Divorce Cases Identification and Division of Dissipated Marital Assets Identifying Unusual Types of Divisible Property Division of Intellectual Property Interest Upon Divorce Tracing Separate Property Through A Commingled Bank Account Domestic Violence & Distributing Property Upon Divorce Equitable Distribution of Stock Options Equitable Distribution of Lottery Winnings The Effect of Bankruptcy During Divorce Featured Books: The Divorce Bookstore The Property Division Handbook Asset Protection from Divorce Divorce & Money: Make the Best Financial Decisions Fairshare Divorce for Women Related Research Center Categories: Helpful Services: Accounts Antenuptial Agreements Appraisals Appreciation of Assets Attorney's Fees Bankruptcy Classification of Assets Closely Held Businesses Closely Held Corporations Corporations Creditor's Rights Debts Disabilty Benefits Dissipation of Assets Division of Property Double Dipping Employee Benefits Equal Division Factors in Award Financial Forfeiture of Assets Gifts Goodwill Income Inherited Property Interest on Assets Joint Titling Life Insurance Marital Home Military Benefits Pensions Premarital Property Prenuptial Agreements Prof. Licenses & Degrees Professional Practices Severance Pay Social_Security_Benefits Source of Funds Stock Options Tax Consequences Transmutation of Property Trusts Valuation of Assets Access to some research documents (those we license from independent legal research companies) are restricted to subscribers. In order to gain access to ALL of these documents, you must subscribe to establish an account. If you are already a subscriber, you may sign in before you begin your research. (Why Subscribe?)

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Divorce Tip: #65 Holidays are the most difficult times to deal with a divorce. Try to be aware of this and make sure you are occupied with friends and/or relatives. Sponsored by: Kidmate - Visitation/Custody Tracking

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