Are you planning a separation or divorce – or already going through one? As a couple, your online lives are completely intertwined. They need to be separated. This is likely going to be a headache at best, and quite complex at worst. There is so much to consider, but let’s think about it
Divorce & The New Alimony Statute
Here’s the real question: Do the new tax laws affecting alimony negatively affect you? On January 1, 2019, alimony will no longer be taxable to the recipient. Instead, it will be treated much like child support. Alimony will also no longer be tax deductible to the payor. That’s a huge blow to the
Older Spouses and Mental Health Deterioration
Talk about an important issue with no good solution. Consider the following scenario: You have been married to your spouse for decades. You recently noticed an increase in their lack of stability. It might be physical. More likely, it is mental. It could be anger, confusion – or a true diagnosis
Alimony Tax Changes: Time Is Running Out To Make Your Best Deal
If you are either (a) presently paying alimony, or (b) thinking that in an impending divorce, you may be paying alimony, your time has almost completely run out to make your best deal. Visit a highly experienced divorce attorney as quickly as possible to understand current alimony tax law
Your Alimony Payments May Not Be Tax-Deductible: Here’s What You Need to Know
On January 1, 2019, alimony from new agreements and court orders will no longer be tax deductible to the payor of the alimony. Likewise, alimony will no longer be taxable to the person receiving the alimony. If you think you are going to be paying alimony, find a highly experienced divorce
Complex Financial Divorces Require a Financial Expert
The financial aspects of divorce can get complex quickly. If you are planning to divorce, or if a divorce has been planned against you, a financial expert can help you in several important aspects. First, when a new divorce case is filed, each spouse has to file a thorough financial statement
Creativity and Enforcing Financial Awards After the Divorce
Consider the following scenario: You go to Court and get a judgment against your former spouse. It might be for child support, alimony, attorneys’ fees, retirement assets, or a monetary award. Your former spouse refuses to pay. What do you do next? Here are just a few situations and
Alimony And The New Tax Law
If you expect to be paying alimony to an ex-spouse in the near future, or are currently paying alimony and are looking to modify your existing agreement, Congress’ recently passed tax reform bill has a word of advice for you: Act fast or lose deductibility! Under previous conditions, any spouse
