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WHAT YOU NEED TO KNOW: GOP Tax Reform Bill & Alimony Deductions

Understanding Alimony Deductions Under current tax law, alimony payments are deductible to the individual paying the alimony and reported as taxable income by the recipient (unless the divorce decree or separation agreement stipulates otherwise). In practice, this tax treatment often generated tax savings for a divorced couple, as the payor of the alimony (who received […]

Divorce Mediation: Controlling the outcome of divorce

What is divorce mediation? The concept of divorce mediation has increased in America in the last thirty years as divorcing parties realize that divorce court should be a last resort. Divorce mediation helps those people whose lives are actually affected by the decisions and allows divorcing individuals a sense of control of the outcome IF […]