Your children have probably become accustomed to having both parents at home rearing them. When you find out that a divorce is in the cards, you and your ex will need to work together to come up with a child custody agreement that puts your children first. There are many ways that you can set this up, so you need to think carefully about each one before you make a decision.
New tax law may affect your spousal support negotiation
For years, taxpayers who pay spousal support could obtain significant relief come tax season by claiming support payments as deductions on their tax returns. This deduction served as one of the factors that spouses consider when negotiating fair spousal support terms, but not any longer. With the passage of the new tax law overhaul, congress did away with this deduction altogether and also changed how each party accounts for these payments on one's respective returns.
