Epstein credits are rights to reimbursement to which a party may be entitled as a result of the payment of community obligations since the date of separation. (In re Marriage of Epstein (1979) 24 Cal.3d 76) Epstein Credits are most commonly incurred when one party pays community debts using their spearate property income. If you are claiming […]
Social Security, Retirement Benefits, and Divorce Social Security in the United States refers directly to a lesser known federal Old Age, Survivors and Disability Insurance program or OASDI. The program was originally rolled out in the 1930’s in an attempt to limit what were seen as dangers to the American way of life such as […]
2009 and 2010 bring a slew of changes to the structure of tax credits and deductions in the Federal Income Tax system. Today I would like to draw attention to the American Opportunity Tax Credit. The American Opportunity Credit expanded and renamed the Hope Credit for tax years 2009 and 2010. The expanded credit increases […]
Have You Changed all Your Beneficiary Designations? In January 2009; the U.S. Supreme Court ruled (Kennedy v. DuPont Plan Administrator) against a woman suing her late father’s pension plan for money her mother received, even thought the mother had forfeited her rights to the pension in their 1994 divorce. The Supreme Court determined the beneficiary […]
