When a divorce is pending, spouses begin thinking about dividing their property and assets, including bank accounts, real estate, and personal possessions. One matter that comes to mind is the protection of an inheritance. This is commonly a big worry when the inheritance includes a family heirloom or a significant amount of money.
An amicable divorce is a smart option for spouses who are ready to end their marriage and are willing to work together to do so. With an amicable divorce (or “friendly divorce”), each spouse still has the opportunity to protect what matters most in terms of property, financial support, and child custody rights, but both spouses commit to compromising when necessary in order to navigate the process without hostility.
If being ordered to pay alimony was not already bad enough, imagine having made all your alimony payments on time, and then receiving a nasty letter from the IRS. It states that they are going to audit your tax returns for the last three years, including your paid alimony deductions. Sounds like a nightmare!