Alimony. Taxes. People cringe and the thought of either of these topics, and here I am, writing about both in the same blog post. I represent a lot of people who are either seeking alimony from their spouse or are going to have to pay alimony to their spouse. The issue of taxes and alimony … Read more
Although I believe strongly that the collaborative process is the right approach for nearly all divorcing couples, I can understand that when you first begin thinking about divorce, the gut reaction is going to be to circle the wagons and get ready. That is why I have included photocopying the financial records as tip #4. … Read more
This morning I took part in a training call for some software I use to help me calculate different alimony scenarios for clients. What is great about the software is that it allows my clients to see what effect taxes will have on their alimony payments. If you are receiving alimony, many people forget that … Read more
I came across a good article today that outlines how different retirement benefits could be divided in the event of a divorce. Here is a brief rundown of some of the topics discussed: What to do before you divorce – Get a copy of the summary plan description from the employer How to split up … Read more
A common dilemma for many divorcing couples is how to handle the house. In most cases, this is the largest asset that must be divided, and the mortgage is often the largest debt to be divided. With the recent housing bubble, many couples have seen their house plummet in value, leading to decreased equity and … Read more
One of the big issues that always comes up in cases where divorcing couple is older, or where one party to the divorce is an unemployed homemaker, is health care. In these situations, it is typical for both husband and wife to be insured together under a group plan from the employer for one of … Read more
As tax day has now come and gone, it probably would have been better for me to have written on this topic several weeks ago, but as I was hard at work on my own taxes, I didn’t get a chance to! So, perhaps you will come across this post in 2011, before you file … Read more