Under the Tax Cuts and Jobs Act, starting January 1st of 2019, alimony payments will no longer be deductible from a payor's income, nor will they be taxed as income to the payee.This change represents a dramatic change in the federal tax law as it pertains to...
Gray divorce, the term describing couples over 50 years of age who wish to dissolve their marriage, is on the rise. In fact, the divorce rate for people over 50 doubled since 1990, and tripled for people over 65. While these couples typically do not need to address...
One of the most important aspects of your case is the relationship with your attorney. Your attorney has many responsibilities to you, and if he or she is not satisfying these obligations, you should seek a second opinion from another attorney. What are some of the...
Actress Angelina Jolie and her ex-husband, actor Brad Pitt, have been in the news recently due to their ongoing child custody battle. Jolie was accused of preventing Pitt from communicating with their six children by cell phone. Summer custody of the children was also...
For many divorcing couples, the most substantial asset to be divided is a business owned by one or both of the spouses. The value of this asset, not to mention the emotional component involved in family-owned businesses and businesses that individuals built from the...
Before a business can be divided in a divorce, it must be valued. This can be a particularly complex process, which can become even more challenging depending on the type and size of the business involved. It is critical to understand the varieties of business...
