Divorce
Tax Reform: Negotiating Alimony in an Era of “No Taxation – No Deductions”
There are many current tax issues for divorcing couples, and a major new one concerns alimony (or spousal support). Thanks to recent changes in the federal tax code, those paying alimony could face higher tax bills, those receiving it could pay less in taxes, and both have a strong motive to recalculate what has been…
Read MoreGetting Divorced? You Don’t Need to Be James Bond, Just Be Smart Like James Bond!
For some people considering a divorce, not only are you out of love with your spouse, you don’t trust your spouse either. Whether you think your spouse is hiding money or an affair, you may feel a burning desire to know what’s really going on. As natural as that may be, going too far with…
Read MoreIn a Divorce Settlement Agreement, the Devil’s in the Details–Including Life Insurance
When it comes to a divorce Settlement Agreement, the checklist can be long. There are many aspects of your family and financial life that must be accounted for. One of them is life insurance. It shouldn’t be taken lightly. The two of you must think about maintaining or obtaining life insurance coverage for each of…
Read MoreNew Jersey Is Where Marriages Go To Last
Virginia may be for lovers but it’s New Jersey where marriages go to last, according to the New York Post. Our State had the country’s fourth lowest divorce rate (12.9 per 1,000 residents) in 2015. But one group is bucking the trend: so-called “gray divorce”. The national average for divorces is 16.9 per 1,000, a…
Read More“Will the Court Let Me Sell the Marital Home Before the Divorce is Final?”
If financial problems did not occur before divorce, they frequently happen during the divorce process. The expenses of one household can double when a couple no longer lives together. Trying to meet mortgage payments while one party is also paying rent, along with all other living expenses, may simply be too much to ask. It’s not uncommon…
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