- Insurance is an investment whose terms and conditions change following a divorce. Here is what you must do to avoid hassles later on.
- Settling a divorce is a challenge. It's more difficult if your spouse is also your business partner. There are some things that you must do to make sure the business does not become a cause for disagreement.
- In a Mumbai High Court ruling, it was held that monthly alimony, being a regular and periodic return from a decree, constitutes taxable income. In contrast, a lump-sum alimony is tax-free.
- Your marriage may have failed but don't discard the wedding photographs as bad memories. These can be legal evidence of who owns the jewellery that you are wearing in these photographs.
- If the husband's income goes up after a court has awarded a permanent alimony, the wife can ask for a higher alimony if she is unable to maintain herself with the existing maintenance amount.
- A simple way to divide savings in the form of shares, mutual funds and fixed deposits is to liquidate them and share the proceeds. However, premature liquidation may mean you may lose out on the returns.
- While filing for divorce, you must be careful if you have taken a joint loan with your spouse or acted as the "guarantor" of a loan taken by him/her.
- Both parents continue to be natural guardians. The custodial parent is the primary caretaker responsible for emotional, medical and educational needs of the child.
- Divorce, an unexpected milestone in a person's life, has a huge impact on the finances of those involved. What should be done if marriage counsellors too fail to convince the husband and wife to patch up? To start afresh, many choose to settle through a mutual-consent divorce.
- In today's times, joint debt, such as car and housing loans, and credit card dues is part of household finances. Settling debt is a complex affair as it involves the lender too.
- Dividing property is the most difficult part. When you split from your spouse, how do you take care of what is most often the family's biggest investment? Here is how you can do it without friction.
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Money Today awards financial planners for safeguarding interest of investorsThe Money Today FPCIL Awards 2012 honoured those who for years have been extending their expertise in the personal finance space to investors and acted as torch-bearers through the turbulence of 2012.
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Money Today experts answer your queries on personal financeMoney Today experts answer your personal finance queries -
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Money Today Executive Editor on planning finances when getting a divorceOur cover package is an effort to educate our readers in the financial implications of non-contested mutual consent divorces.
A look at recent personal finance rulings which can affect youA look at recent rulings which can affect you -
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