In 2023, there were 672,502 reported divorces in the US. This equated to a rate of 2.4 divorces for every 1,000 people. This data is from the Centers for Disease Control and Prevention and only accounts for 45 states and Washington, D.C. Every property division case relies on each spouse being completely honest with their financial disclosures. There are multiple penalties for hiding assets in divorce proceedings. A spouse who hides assets runs the risk of being penalized, being forced to pay for the other spouse’s legal fees, and the court taking away the hidden property.
Read MoreIn fiscal year 2024, the US Department of Health and Human Services’ Child Support Enforcement program served 12.2 million children and collected $29.5 billion in child support. Families received 97 percent of the recovered amount. The other 3 percent was used to reimburse public assistance programs. With the constant changes and development of laws, learning new child support laws is important so that they can be applied in the way that best serves the children.
Read MoreFamily courts can deal with a variety of issues. Examples include division of marital assets and retirement benefits, determination of residence of children, and assignment of property. Family court caseloads remain large for reasons like these. The Centers for Disease Control and Prevention reported 672,502 divorces and annulments in 45 states plus D.C. in 2023. This figure comes with a rate of 2.4 per 1,000 population. Provisional data from the CDC also lists 2,041,926 marriages in the country for 2023.
Read MoreChild support is a polarizing topic for most parents, but if you and your partner are going their separate ways, you should understand what happens next. For example, most mothers become the custodial parent, while the father is non-custodial and often pays child support to the mother.
Read MoreIf you're going through a divorce, or just researching for a potential future breakup, you might want to know the primary methods of money exchange after a divorce, alimony and child support, but what's the difference between them? Knowing the difference will prepare you for those difficult money conversations when you're negotiating your divorce. If you've heard these terms but you're not totally sure what they mean don't worry, you're in the right place. Keep reading to learn about the differences between child support and alimony .
Read MoreHeading back to court over a child support case? Child support can be challenging when it comes to deciding every single factor that is involved in the case. Before you head back to court, there are some things that you should know about the CSRP (child support review process).
Read MoreA divorce is never pleasant to families, but can you imagine being a parent with a child support payment of $115,000 a month? A-Rod can't afford that anymore — he's not a Yankee these days. Celebrity parent Charlie Sheen, of Two and a Half Men (and run-ins with the law) fame, owes $55,000 a month for his four minor children. What do you do when you can't make the payments? Read on to learn more.
Read MoreDivorce is something no child should have to go through, but unfortunately, it is becoming mainstream. Paying child support is just part of getting divorced, especially when children are involved. Some parents refuse to pay child support until the law forces them to do it, while others have no problem with it. Why do parents pay child support?
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