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Before it adjourned in December, the previous Congress passed a sweeping income tax reform bill designed to extend the Bush tax cuts for a couple more years. One important feature of that law, which goes into effect in January 2011, is a “payroll tax holiday.” Workers who earn wages and salaries must pay 6.2% for Social Security payroll taxes until they reach  earned income of $106,800 per year. All earned […]

I recently posted a page containing the power point slides from my 2010 presentation to the Pennsylvania Bar Institute. The conversion from MacBook to PowerPoint to SlideShare is apparently buggy, so I will have to re-post soon. In the meantime, here is the link to the new page, which contains all of the important decisions from 2010 pertaining to child support, spousal support and alimony pendente lite. Enjoy!

In business, they say, cash flow rules. The same principle is true, I find, in divorce. I have been brainstorming a set of cash flow “rules” for divorcing spouses. Here is part one: 1.  Never run out of cash. My #1 divorce rule is the as Inc Magazine‘s #1 business rule. In divorce, there is a period of time immediately following separation when a divorcing spouse’s cash flow may be […]

[This is a re-post of a popular article that I wrote and published a year ago on this site.  ~BCV] It’s never easy to take the first step on any journey. When you are facing a marital separation, there are five things that you can do to protect yourself, financially and emotionally. 1.         Secure your property. Review your joint bank and credit card statements regularly to ensure that no unexpected […]

An article in the ABA Journal this month focuses attention on the growing problem of international child support and custody disputes. With the advent of global travel and internet relationships, more and more parents are facing the challenge of enforcing child support and custody orders across national boundaries. Some parents describe experiences that sound like scenes from a James Bond movie, as their children have been abducted around the globe. International treaties have […]

The law may not treat separated or divorced parents differently than married parents, who have no legal obligation to pay their children’s college tuition.