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February 2015 Archives

Equal child custody may not be the best solution for children

It is fairly common for people to think of the divorce process as being aimed at equality -- a fair share of the accrued marital assets and so on. It is also common for Connecticut residents to presume this tenet extends to child custody, as parents being given equal time with their children seems logical. However, some experts are saying this may not be the case, and it could influence how custody cases are resolved in the future. 

Divorce for older couples can impact retirement plans

Gray divorce is not a new concept in America -- for the last 25 years, statistics have indicated that more and more people over the age of 50 are deciding to end their marriages. However, Connecticut residents are reminded that divorce can have a different effect on people depending upon where they are in their lives. For people approaching retirement age, a divorce can have a profound influence on their late-life planning. 

Financial knowledge key to divorce planning

It is no secret that the end of a marriage can be costly. Additionally, it can be difficult for individuals to adjust to their new financial paradigm after a divorce, as some Connecticut residents are already aware. Thankfully, planning ahead in a financial way for divorce can cut down the learning curve after the fact and lead to a smoother transition into single life. 

The difference between divorce and annulment influences taxes

There are important distinctions that must be made when it comes to one's options for legally ending a marriage. Connecticut residents may be used to thinking of the terms "divorce" and "annulment" as interchangeable, but the reality is that these concepts are actually quite different. Specifically, the IRS considers these actions to be totally separate from one another, and the taxes of both individuals will be influenced accordingly.