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Deescalating a tough divorce

On behalf of Stange Law Firm, PC posted in family law on Friday, September 22, 2017. While some divorces are relatively quick and painless, others can be drawn out and brutal. When a toxic ex makes separation complicated, there are things that a Missouri divorcee can do to make the process easier. People who are narcissists or have high-conflict personalities could use a divorce to make drama. They might hide marital assets, use intimidation tactics, pick pointless fights and drag out the dissolution process. It is important for the other person to stay level-headed and not take the bait when

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When the nightlife is a job, there’s a higher chance of divorce

On behalf of Stange Law Firm, PC posted in divorce on Monday, September 18, 2017. Couples in Missouri may be interested in some findings that associate certain occupations with the likelihood of divorce. Data from a 2015 survey shows that people who work in fields that involve travel or nightlife are the most likely to get divorced. Bartenders come out at the top of the list of highest divorce rate by profession. The data from the 2015 American Community Survey was recently presented by FlowingData. While occupations involving travel, shipping and transportation have the highest divorce rates, the lowest divorce

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Protecting the ability to retire after divorce

On behalf of Stange Law Firm, PC posted in family law on Tuesday, September 12, 2017. When Missouri couples want to get divorced, it is important for them to think about their future abilities to retire. Retirement accounts must also be divided between the spouses in an equitable manner, but the division of the accounts may require special considerations and paperwork. As an example, if a couple has $20,000 in a Roth IRA and $20,000 in a 401(k), it is important to remember that the contributions to the Roth IRA have already been taxed upfront. The contributions that have been

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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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