Monthly Archives: May 2014
Including prenuptial agreement in Alabama marriages
Planning a wedding can be a bittersweet moment that is fun and stressful at the same time. While Alabama couples are choosing the perfect venue for their wedding, they may also consider a prenuptial agreement. Prenuptial agreements can safeguard spouses’ assets in case of divorce. While some may view a prenup as a lack of trust and intimacy, there’s a difference between a young couple with no assets and an older couple with finances at stake.
CATEGORIES: Prenuptial Agreements
TAGS: divorce, Prenuptial agreement
Alabama couples to avoid contingency pitfalls in alimony
Alabama residents who are considering divorce may want to be aware of a pitfall relating to tax deductions. The U.S. Tax Court recently denied a man’s alimony payments that were deducted in 2008. Although his divorce decree stated that the alimony could be deducted and that his wife should report the received payments as income on her tax returns, the termination contingency on the divorce decree invalidated that stipulation.
CATEGORIES: Alimony
TAGS: Alimony, divorce, income, spousal support

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