Who Gets to Claim the Children on Taxes After Divorce?

Who Gets to Claim the Children on Taxes After Divorce?

One of the most frequent questions we receive during the divorce process is “Which parent can claim the minor children for tax purposes?”  Only one parent can claim the Earned Income Tax Credit for qualifying children each year, and if both parents attempt to claim the children in a given year, the IRS must determine which parent takes priority. The tax code provides that custodial parents generally have the right to claim the minor child, but there are exceptions to the rule.

An Often Overlooked Asset When Divorcing or Separating: Credit Card Rewards

An Often Overlooked Asset When Divorcing or Separating: Credit Card Rewards

I’ve worked with many divorcing or separating couples who haven’t considered what to do with their credit card bonus points or rewards. Such points or rewards can be immensely valuable especially when you consider that most consumers prefer to use credit nowadays as opposed to cash.

The Introduction of Significant Others after Divorce

One of the most sensitive issues involved in creating your parenting plan is the introduction of new significant others to your children.

You and your co-parent will want to consider various factors related to this topic such as:

When might be an appropriate time to introduce S.O.s to your children?

Do you each want to be informed prior to the introduction taking place?

Do you want to be introduced to the significant other before the children?

How much time should you each wait prior to such introductions occurring?

The process can be smooth and non-disruptive with open communication and a little planning.

At McGill Law, we keep your children’s best interests at the forefront always, we can help.

Call us today to set up a consultation with one of our experienced and compassionate attorneys.

RIVER CITY SIX: Theresa Loughran

RIVER CITY SIX: Theresa Loughran

“I am passionate about collaborative family law. The parties should put together their own parenting plans and property settlements which allows them to control their futures and destinies without court involvement. I enjoy guiding them and facilitating the collaborative divorce process to enable them to “untie the knot” and not sever it.”

Estate Planning Considerations Subsequent to Your Divorce

Estate Planning Considerations Subsequent to Your Divorce

Maybe you haven’t started the process or maybe you have a will or trust that is a decade old. In either case, post-divorce is an important time to either get the ball rolling or update an antiquated document that may no longer make sense for you or your children.

Gaslighting

Gaslighting

Gaslighting has become an increasingly popular topic for families facing divorce. Gaslighting is a covert form of emotional abuse that can lead to psychological manipulation. The abuser uses gaslighting in an attempt to sow self-doubt, confusion, and manipulation over the abused.