Category: Complex Financial Issues

What Are the Tax Filing Options for Separated Couples?

February 15, 2018 | Blog, Complex Financial Issues, Divorce, Tax Issues

Icon for author Ashley Majorsky Ashley Majorsky

Tax time can be a stressful situation for any individual. However, for separated couples comes additional considerations and unavoidable tax planning. The ultimate decision which must be made is whether the separated parties choose to file as married filing jointly, married filing separately, or have the added option of filing head of household. However, the decision regarding filing status cannot be made without properly weighing the advantages and disadvantages of […]

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Is Divorce Interfering with Your Family Business?

January 12, 2018 | Blog, Business Valuation, Complex Financial Issues, Divorce

Icon for author Brian Vertz Brian Vertz

When business owners get divorced, the business may become a casualty if decisive measures are not taken. Divorcing business owners must consider how the company will be operated during the divorce process; the financial impact of divorce-related obligations, like spousal support and legal fees, on business cash flow; and the influence of rumors and conflict at work. These same considerations apply to licensed professionals, like dentists, physicians, accountants and others […]

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Do I Need a Prenuptial Agreement?

Quite often, soon-to-be-married individuals casually address lawyer friends at social events and cocktail parties wondering this very question. They are in love; they almost don’t want to think about it, but the nagging question makes them wonder — and with good reason. The answer — it depends. Here are five circumstances our Pittsburgh asset protection attorneys have found where a prenuptial agreement may be right for you: If you already […]

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Complex Divorce: Dividing the Marriage and the Business

November 22, 2017 | Blog, Business Valuation, Complex Financial Issues, Divorce, Executive Compensation

Icon for author Heather Trostle Smith Heather Trostle Smith

Business attorneys will tell you nothing is more complex than dealing with the dissolution of business partnership. They even refer to it as a “business divorce.”  However, there may be something more complicated than a “business divorce,” and that is an actual divorce between spouses who jointly own a closely held business. Almost one-third of the 2.6 million companies authorized to do business in Pennsylvania are small businesses of fewer than […]

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