Post Election Income Tax Planning for Divorce might mean selling some appreciated assets such as stock positions or real estate in order to lock in the 15% capital gains rate and avoid the 3.9% additional Medicare tax rather than retaining them post divorce. It might mean exercising non-qualified stock options in 2012 to lock in the maximum 35% income tax bracket and avoid the additional 0.9% Medicare surtax.
We regularly engage with clients to complete asset transfers and asset divisions after divorce and there is one simple (to us) but infuriating (to clients) road-block that almost all face: changing or naming beneficiaries in the event of the client’s death.
Five Financial Negotiation Strategies for Divorce 1) See the big picture 2) Disarm the knowledge weapon 3) Budget 4) Do Cost/Benefit Analysis 5) Resolve to avoid escalation
httpss://vimeo.com/81148746 1. If you don’t have kids or they have grown up; the ONLY thing there is to argue about in a divorce is money. 2. The financial decisions made during your divorce will very likely be the biggest and most difficult you will ever make set amid the most emotionally chaotic time of your […]
Many of my clients own small businesses which bring a mountain of complications to the financial negotiations of divorce. From cash flow analysis to business valuation to perquisite incomes to ownership interests, the existence of a small business in a family net worth statement brings challenges and opportunities. One of the challenges becomes apparent when a […]
