Category: Complex Financial Issues

Separation and Divorce: Where Do I Start?

August 31, 2018 | Blog, Child Custody, Complex Financial Issues, Divorce

Icon for author Jennifer Zofcin Jennifer Zofcin

When contemplating separation and divorce, a multitude of questions converge. The task at hand seems impossibly large. Here is a method of arranging the steps to ease the stress of starting your divorce. Collect and preserve information. Copy one year of statements for all accounts, including mortgage, credit cards, loans, bank/investment accounts, retirement and life insurance.  Copy three to five historical tax returns with all attachments. Review cash reserves. Familiarize […]

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Courts Now Consider Reasonable Needs in High-Income Support Cases

In high-income child support cases, the parent who is paying child support might feel the guidelines provide more income than the custodial parent can reasonably spend, particularly for an infant or toddler. On the other hand, the child support guidelines were enacted years ago to ensure that all children at a particular income level are treated the same, with predictable outcomes that encourage parents to settle out of court. The […]

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Will Divorce Be More Expensive in 2019?

July 09, 2018 | Alimony, Blog, Complex Financial Issues, Divorce, Tax Issues

Icon for author Brian Vertz Brian Vertz

On December 31, 2018, the tax deduction for alimony will be ending under new federal tax laws.  If you are in the middle of a divorce, or thinking about it, you might want to sit up and take notice. As author of the legal tax reference Frumkes & Vertz on Divorce Taxation, I’ve been reporting on and teaching colleagues all about these changes. Here are some explanations why decisive action […]

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5 Tips to Affording Your Divorce

June 28, 2018 | Blog, Complex Financial Issues, Divorce

Icon for author Joseph Williams Joseph Williams

One of the most common questions asked of a divorce lawyer is “How much is this going to cost?”  While your lawyer cannot ultimately control the cost of your case, here are five tips to help ensure your divorce is as cost-efficient as possible: If possible, work directly with your spouse. While you will need to rely on the expertise of your lawyer for many decisions, if you can agree […]

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