Posts By: MICHAEL C CRAVEN

In Divorce Timing Is Everything

Timing and Divorce On March 18, 2010, shortly after divorcing his wife of 16 years Kevin Halstead won $3.8 million in the lottery. Halstead, a London bus driver, told the Daily Mail: “We divorced three months ago and split up about 13 years ago but we stayed friends – we did not get a divorce back then for the sake of our Jessica.”   Since the Halstead’s divorce was final prior to Halstead’s windfall, here are some questions that may arise. The answers to these questions will dep...   Read more ...  

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Divorce as Process

Divorce is a Process The decision to divorce isn’t usually made easily or in haste. Among the many issues to consider are financial, social and psychological ones. Whenever children or illnesses are involved, the decision is even more difficult. But, for many people, divorce may be more of a years-long process than a single decision.   When infidelity puts the private lives of public figures and celebrities in the news, we can sometimes glimpse the stages of this process. For example, on...   Read more ...  

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How Does a Divorced Parent Claim a Child as a Dependent?

It’s tax time and if you’re divorced and were awarded the right to claim your child or children as a dependent(s) on your tax return, here’s what you need to know about filing your taxes properly. The Internal Revenue Code sets out the law about who is entitled to claim a child as a dependent and how to claim it on your tax return. Generally, the dependency exemption for children of divorced parents goes to the parent who has custody for the greater part of the calendar year. In making th...   Read more ...  

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