Some divorced parents in Missouri who do not discuss which one of them will claim the child as a dependent on their taxes may end up in conflict. The IRS accepts the dependent child on the return of the parent who files first and rejects the other.
A noncustodial parent in Missouri may be required to pay child support to the custodial parent. Generally, the child spends most of their time living with the custodial parent. This is referred to as physical custody. Legal custody, which pertains to making decisions about the child's education, schooling and other important matters, is separate and may be shared when physical custody is not.
For Missouri couples about to get married, a prenuptial agreement can be a powerful tool. However, it can be used as a financial planning tool as much as to account for what happens in the event of a divorce. Such an agreement can be helpful for any couple regardless of how old each party is or how much wealth they may have.
Entertainers in Missouri and all over the country aren't alone in experiencing marital stresses and strains that can lead to the end of a marriage. Case in point: Usher and his estranged wife. The singer, songwriter and actor is divorcing from his wife several months after the couple announced their separation. After six years of dating, Usher married the woman who had previously worked as his manager in 2015.
There are circumstances in which a child support order created in a Missouri court may be altered. For instance, if an individual experiences a change in income, it may result in a change in the amount paid to a custodial parent each month. A child support order could also be altered if one or more children are no longer eligible to receive financial assistance. This could occur if a child turns 18 or gets married prior to reaching the age of majority.
For people in Missouri, the winter holidays can be an especially challenging time to deal with divorce. Even people who are satisfied in their relationships may experience extra emotional stress during the holidays, but families who are separated or divorced might find it particularly difficult to divide time with the children. When people are newly divorced, these uncomfortable feelings can be overwhelming for people facing these issues during the holiday season for the first time.
There are a number of financial elements Missouri couples need to keep in mind when they are ending their marriage. For example, since alimony payments for divorces finalized after the end of 2018 will no longer be tax-deductible by the payer or counted as taxable income by the recipient, some couples may want to try to wrap up their divorces quickly. However, people should not rush to meet this deadline since the cost of not taking enough time could be even higher.
In Missouri and across the United States, divorce can be a difficult and emotional experience. For children, a divorce may mean separation from a parent, a change in routine and a new residence or school. Combined, these changes may create distress in a child that can manifest in behavioral changes, emotional outbursts and poor performance in school. In order to handle these changes as a divorcing parent and equip children with the tools needed to persevere, a nationally recognized pediatrician and author has recommended a set of guidelines for parents to follow.