Blog

Understanding the Capital Gains Tax

If you sell your house for enough money, you may have to pay a capital gains tax on your capital gain, or profit. A capital gain is the difference between your home’s purchase price and its sale price minus the cost of any capital improvements you have made to it – for example, adding an [..]

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Retirement Benefits: Defined Benefit or Defined Contribution?

Retirement benefits fall into one of two categories: defined benefit plans or defined contribution plans. The Defined Benefit Plan is the kind of retirement plan that employees used to receive along with the proverbial gold watch that they were awarded after years of loyal service to their employer. Today, however, that kind of plan is [..]

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Qualified Domestic Relations Orders (QDROs)

A Qualified Domestic Relations Order or QDRO is a special type of court order that directs a retirement plan administrator to disperse benefits in accordance with the terms of your divorce agreement or in accordance with the court’s decision. You need a separate QDRO for every retirement plan you and your ex-spouse share. A QDRO [..]

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How to Tell Your Children that You are Getting a Divorce

The best way to let your children know that your marriage is ending is for you and your spouse to break the news to them together. This reassures your kids that you and your spouse can cooperate with one another as their parents, that they will still have a family – just a different kind [..]

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Surviving the Emotional Roller Coaster

Even if you know that getting a divorce is the right thing for you and everyone else involved and even if your divorce is amicable, you will almost inevitably experience a range of emotions as you move through the divorce process. Having an idea of what is ahead and putting an emotional support system in [..]

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Getting Financially Prepared for Divorce

Build or clean up your credit history Update your job skills or develop new ones if you have been a stay-at-home parent or full-time homemaker and also consider taking a part-time job Refresh your knowledge of money matters and personal finances Create a written inventory of your family’s assets and debts Locate all ownership documentation [..]

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Information for New Clients

Welcome to Edmonson Law – Information for New Clients At your first visit… Your consultation appointment will begin with you telling us your reason for coming into Edmonson Law. We will listen as you detail your current situation, questions, concerns, and desired outcome. Then, Attorney Edmonson will explain to you the potential way(s) in which [..]

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Can a family member adopt my child?

My children’s father/mother is not part of their lives; can my spouse, their step-parent, to adopt them? Yes, they can in certain circumstances. In order for a step-parent to adopt a child the parental rights of the original biological parent must be terminated. This means that the biological parent has either voluntarily given up their [..]

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Can a child decide which parent to live with?

At what age can my child decide who he or she wants to live with? The child does not make the decision of where he or she lives. This is a decision to be made by the parents, and if they cannot agree, it is made by the judge. However, upon a written request to [..]

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