A Job Loss Can Affect Child Support Payments
Every parent is responsible for providing financial support to their children, regardless of who is raising the child. If parents divorce, separate or were never married, the non-custodial parent will be responsible for paying support to the other parent who is taking care of the child or children. Even a non-custodial parent who does not see his or her kids will still need to pay support unless or until parental rights are terminated. Because it is a fundamental right of each child to receive financial support.. [Read More…]
What is an IRC Section 1031 Exchange?
The sale of an investment property can trigger capital gains. This means an investor who has made money because a property appreciated in value could be required to pay a big portion of the gains to the Internal Revenue Service in the form of capital gains taxes. An IRC section 1031 exchange, however, allows an investor to defer the recognition of the capital gains from the sale of an investment property. Capital losses may also be deferred. Deferring gains and losses postpones a requirement to pay.. [Read More…]
Material Breach of Contract vs. Non-Material Breach
Individuals or businesses who sign a contract are expected to follow the terms of their agreement. Regardless of whether you actually read or understood the contract that you signed, you are usually required to fulfill your obligations under it or you could face a breach of contract case. Unfortunately, in some situations, one or both parties to a contract fails to live up to the promises that were made when the contract was negotiated and signed. A failure to fulfill the terms of a contract is.. [Read More…]
What if a Spouse Doesn’t Respond to a Divorce Petition
When a person files for divorce, the other spouse is served with the court papers by a qualified process server. The spouse who receives the divorce papers has a limited period of time in which to respond to the petition for divorce. The responding spouse must provide an answer to the court, providing required information and appropriate legal paperwork. If one spouse doesn’t respond to a divorce petition, this does not mean that the dissolution of marriage will not go forward. However, a failure by the served spouse.. [Read More…]
How are Extracurricular Activities Paid for By Divorced Parents?
Many children today participate in extracurricular activities. These activities can become very expensive. Because of the high costs of many activities that young people enjoy, an issue of cost may arise when parents are divorced. The parents may not be in agreement regarding who should pay for the different things that their kids are involved in. Divorced parents need to understand the rules that apply to child support and must make informed choices on how extracurricular activities should be paid for. An experienced Las Vegas, NV.. [Read More…]