The life challenge of a bankruptcy or a divorce will, each on their own, generate an all too memorable life experience for most anyone. Add to this having these events occur together (an all too common phenomenon) and the need for maximum damage-control skyrockets. The good … [Read more...] about Divorce and Bankruptcy
Dear clients and Friends, The comprehensive tax law titled: TAX CUTS AND JOBS ACT OF 20 17 (TCJA) was passed by Congress and signed into law by the President in January of 2018. In the world of Family Law, spousal support - aka alimony - is the new provision of highest … [Read more...] about Spousal Support (aka Alimony) and our new Federal tax laws
Dear Clients and Friends, An important issue in a divorce can be the childrens' college education. For example, what percentage will each parent contribute? How will the college plan be funded? Will the parents be responsible for just tuition, or for room, board and … [Read more...] about Divorce agreements vague about college costs create risks
Dear Client and Friends, There is a common perception that divorcing spouses must liquidate retirement accounts for the purpose of splitting up property, and consequently accept the tax consequences for early withdrawal. This would rob account owners of the tax advantages that … [Read more...] about Can you divide retirement accounts in divorce without suffering tax penalties?
Dear Clients and Friends, States have gotten increasingly tough in enforcing child-support obligations. In a recent California case Toni Anderson’s husband left his family when their daughter was 3 years old. After his first $160 check bounced, he stopped paying and moved … [Read more...] about Mom gets years of unpaid support for 52-year-old daughter
Dear Clients and Friends, If you’re a grandparent who dotes on your grandchildren, it would no doubt be devastating if you were denied access to them. Nonetheless, this gut-wrenching scenario plays out all the time. For example, let’s say your adult child passes away, … [Read more...] about Grandparent visitation can be complicated issue for families