The general answer is yes but there are complications. Here is one of them. Today a client asked if his Alimony (Spousal Support in California) payment was tax deductible for 2011 even if he is still technically married for tax purposes. The answer is YES…..BUT. Tax filing status is determined by marital status on December […]
Everyone has a friend or family member who has been divorced. Many will have heard horror stories or received tips about what they should do or what they should expect. I have heard “Mom always gets the kids” and “I earned the pension so it’s mine” People also make up there own expectations like “I made all the money, so I’ll get all the assets” or “I’ll get half of everything”. Here is a list of the top 11 Divorce Myths that come to my mind.
Taxes are guaranteed to be a complication of every divorce financial settlement. Misunderstanding the tax code, even worse completely ignoring it, can have devastating effects on your financial future. The errors get more costly and more common when estates and incomes get larger and people start getting creative. Negotiating a creative and mutually beneficial divorce […]
The quick and easy answer is yes. Both in statistics as well as our experience. The American Academy of Matrimonial Lawyers (AAML) released a statement with a rather catchy opening sentence. “This Mother’s Day, it appears that an increasing number of mom’s will be setting aside time to sign child support and alimony checks.” The […]
Clients often complain a judge’s decisions are arbitrary and uninformed. It helps to illustrate exactly what happens to information in the litigation process. A family court judge has a lot of information thrown at them in very short timelines. Depending upon your jurisdiction, a judge might have to here every piece of a […]
