Anchorage Family Law Blog For Men

Married couples who are separating in Alaska should be aware that tax laws regarding alimony will change for divorce agreements that are completed after the end of 2018. Starting on Jan. 1, 2019, alimony will no longer be tax-deductible for payers or tax-payable for recipients. Experts say that this is likely to mean less money for both parties.

Some couples are dealing with this by trying to finalize divorce agreements before the end of the year. Those who are taking this route should know exactly what they and their spouse will need in the property division process. While the agreement can be drawn up quickly, it is also possible to modify it later if either person decides they are unhappy.

Couples in Alaska who are getting a divorce should understand how dividing certain types of assets will affect them tax-wise. For example, many spouses do not pursue their share of other assets in order to retain ownership of the family home. However, because of changes in the tax law, it could more expensive than they thought to own the home.

According to the tax law, individuals can only deduct $10,000 a year in local and state taxes. This means that homeowners will have increased taxes if they reside in states that have high property taxes. People getting a divorce should also be aware that the interest in home equity loans and home equity lines of credit can no longer be deducted if they do not use the funds in order to purchase, construct or substantially enhance the home. If the home equity line is used for some other reason, such as paying off credit card bills, the interest cannot be deducted.

Many parents in Alaska are not thrilled when they find out that they are expected by the family court to share custody of their kids. However, splitting physical custody can be the most ideal arrangement for not only the children but also the parents.

Both parents will be responsible for disciplining the children. This means that the parents will have to collaborate with one another and support each other regarding the creation and enforcement of house rules. Being able to depend on the other parent when it comes to discipline can be particularly helpful as the children grow older and are tempted to discover how far they can test authority.

If your and your ex-wife’s circumstances have changed, and your custody agreement no longer is feasible, you have the authority to modify the custody order in Alaska. Keeping the best interests of your child in mind, Alaska judges will diligently review the request and either approve or deny the claim.

You must provide clear evidence to support that the change in custody will provide a better schedule or arrangement for your child. To ensure you file all necessary documents and bring required proof, you may wish to speak with a father’s rights attorney to create the best case for custody adjustment. Know that if you can give the court adequate reasoning, judges will determine that a revisit of the custody arrangement will prove best for all parties involved.