Even a productive and long-lived marriage can end in divorce. Just ask Jane Seymour and James Keach. The celebrity couple, known for their acting roles and producing, were married for 22 years and separated in 2013. At the end of 2015, Seymour and Keach filed a divorce settlement splitting the…
Part Two Now that you read through yesterday’s Part One of frugally meeting your resolutions, it is time to introduce two more traditional New Year goals. With the help of inspiration from Eva Longoria and Martha Stewart, the resources listed below will be your beginning guide. Resolution #3: Have a…
Part One We have all heard it before: January 1st represents a blank slate; you can now accomplish everything you put off last year, and the year before, and the year before that. That small voice in your head is convincing you that this year will be different; this time,…
My husband Dwight prides himself on liking sappy Christmas movies, and he rents a lot of them. Ho-hum, I thought, but I was pleasantly surprised by the many social messages in Paper Angel. The movie starts with Mom (Lynn Brandt) moving far away from Dad with her two children—Sara and…
In court-ordered child custody mediation in North Carolina, agreement is the polar star. Both parents are applauded for entering a parenting agreement. The question is whether agreement is always in the best interests of the child. Certainly, we all want parents to agree, but there are certain times when agreements…
Question: I am a mother from Summerfield. I have been saving for my children’s college, but I am now faced with divorce. My ex-spouse is the owner of the 529 Plan. What happens to the 529 Plan in my divorce? Answer: While the intent of the 529 Plan is to…
Holiday Survival Tips for Divorced Parents Part II: Holiday Don’ts by Carolyn Woodruff I know you may hate your ex, but let’s not take it out on the kids, especially at the holidays. I hope by the way you do not hate your ex, but if you aren’t over him…
Holiday Survival Tips for Divorced Parents Part I: Holiday Do’s by Carolyn Woodruff Holidays are stressful enough without adding the woes of children with parents who live under two roofs. The agony extends to grandparents and extended families who want time with precious children. Woodruff Family Law Group through its…
Hollimon v. Comm’r, T.C. Memo. 2015-157, 2015 WL 4747779 (2015) (a) Facts: During their marriage, the parties established and worked for a business providing temporary staffing to hospitals. The wife testified that the husband ran the business and she was an employee. The husband testified that the parties ran the business…
Sapp v. Comm’r, T.C. Memo. 2015-143, 2015 WL 4639260 (2015) (a) Facts: The IRS assessed deficiencies on a husband and wife’s joint income tax returns for 2004, 2006, and 2008. The parties appealed to the Tax Court, and the wife sought both mandatory and discretionary innocent spouse relief. The IRS conceded…