Keeping Taxes Low During Separation and Divorce

April 01, 2018 | Blog, Complex Financial Issues, Divorce, Tax Issues

Icon for author Dan Glasser Dan Glasser

Divorcing couples often face disastrous tax consequences because they go from filing taxes jointly to married filing separately, which creates the highest tax burden for both spouses. But, there is an alternative. Under certain circumstances, parents with children can file as head of household. To qualify, a single or legally separated person must maintain a household for more than half of the taxable year which is the principal residence of […]

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Tax Code Changes Could Make Divorce More Emotionally and Economically Draining

March 31, 2018 | Press Releases

Icon for author Ideality Communications Ideality Communications

PITTSBURGH — Family law attorneys expect changes in the federal tax code to make the already emotionally trying process of divorce more difficult while subjecting both spouses to added financial burdens. The Tax Cuts and Jobs Act of 2017 includes a provision that will completely flip the way alimony payments are taxed beginning in January 2019. Attorneys at Pittsburgh-based family law firm Pollock Begg Komar Glasser & Vertz LLC are […]

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Divorced Spouses Must Update Beneficiary Designations

Divorced spouses who do not update their beneficiary designations are taking an unnecessary risk, as illustrated by a case now pending before the U.S. Supreme Court.  In Sveen v. Melin, No. 16-1432 (cert. granted December 8, 2017), the Met Life insurance company was “caught in the middle” when its policyholder Mark Sveen died in 2011.  He had purchased his life insurance policy and designated his then-wife, Kaye Melin, as his […]

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David S. Pollock Named to PA Supreme Court Domestic Relations Procedural Rules Committee

March 15, 2018 | In the News

Icon for author Ideality Communications Ideality Communications

David S. Pollock, founding partner of Pollock Begg Komar Glasser & Vertz LLC, was appointed as a member of the Pennsylvania Supreme Court Domestic Relations Procedural Rules Committee. He will serve a three-year term. For more than four decades, Pollock has practiced family law focusing on premarital agreements, separation, divorce, unmarried partners, equitable distribution, support and alimony.  He was previously a partner and head of the matrimonial law group at […]

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