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Celebrity child support payments

On behalf of Stange Law Firm, PC posted in child support on Thursday, August 31, 2017. Missouri parents who are going through the divorce process and negotiating child support might be surprised to find out just how high celebrity support payments can get. Since child support includes an attempt to maintain a lifestyle, the payment amounts can be very high for children of celebrities, who often have been living very lavish lives. According to the U.S. Department of Agriculture, middle-income couples who are married with two children can expect to spend about $233,610 to raise one of the children from

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What to know about spousal support

On behalf of Stange Law Firm, PC posted in family law on Saturday, August 26, 2017. When divorced Missouri couples pay alimony, it is in most cases tax-deductible. Recipients are requred to report it as income on their federal tax return. If a payment is designated as either child support or a part of a property division agreement, it cannot be considered alimony. The IRS has seven conditions that must be met to separate spousal support payments from child support or other types of payments. A payment cannot be labeled as child support, and the payments must stop when the

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Closing a joint bank account

On behalf of Stange Law Firm, PC posted in divorce on Thursday, August 24, 2017. Property division can be a contentious divorce issue. Couples in Missouri who are getting a divorce and have a joint checking or saving account should know how to close a joint bank account, and if need be, without the permission of other owners of the account. Typically, banks will require that an account holder come to the bank to close an account in person. Even though it may not be necessary to have all joint account holders present to close the account, having them there

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Financial results of divorce often hit women hard

On behalf of Stange Law Firm, PC posted in divorce on Wednesday, August 16, 2017. Many factors influence the financial outcomes for Missouri women after a divorce. Societal factors like pay gaps between men and women and traditional gender roles contribute to lower incomes for divorced women. Taking too long to create a post-divorce budget also diminishes the financial futures of some women. A divorce often results in a drop in income. The Bureau of Labor Statistics calculated that earnings for married women exceed earnings for other women by roughly 20 percent. Divorce erases this advantage. According to the U.S.

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Women more likely than men to file for divorce

On behalf of Stange Law Firm, PC posted in divorce on Thursday, August 3, 2017. Like all other states, Missouri has no-fault divorce laws, meaning that a filer does not have to provide grounds for seeking a dissolution of his or her marriage. When no-fault laws were initially passed, some where concerned that men would use no-fault divorces as a way to abandon their families, potentially leaving their wives and children in poverty. However, a study showed that approximately 80 percent of all divorces are initiated by women. Although the idea of what constitutes a marriage has evolved over the

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When parents interfere with visitation rights

On behalf of Stange Law Firm, PC posted in fathers’ rights on Friday, July 28, 2017. Missouri parents who have gone through a divorce and who have custody and parenting time orders in place are required to follow them. If issues arise and one parent tries to interfere with the time allotted to the other, that parent may be subject to both civil and criminal penalties for doing so. When parents of minor children decide to end their marriage, they sometimes will negotiate parenting time agreements on their own. Filing these agreements with the court can help the parents with

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