No Alimony Deduction? You Can Still Minimize Your Taxes. Prior to 2019, individuals who paid alimony to their ex-spouse could deduct that amount from their income before paying taxes to the federal government. The recipient paid taxes on the alimony they received, but at their lower tax bracket. All of that changed for
How to Divorce a Narcissist We’ve probably all known at least one narcissistic individual in our lifetime. Unfortunately, some of us need to divorce one. It’s hard to have a deep, meaningful relationship with a narcissist. According to WebMD, narcissism is extreme self-involvement to the degree that it makes a person ignore the
Avoid Property Capital Gains Taxes with a Postnup Often when couples marry later in life, one or both of them own valuable real estate that they have either inherited or purchased prior to their marriage. They may want to limit or eliminate their capital gains tax on that property should their new spouse
Disagreeing with Your Ex About COVID-19 Vaccination for Your Child?: For divorced parents, there are many decisions where they need to come to an agreement with their ex-spouse regarding their children’s health and wellbeing. Often decisions are outlined in their parenting plan, including: their child custody, visitation rights and certain decisions about their
Dividing Marital Property? – How to Get What You Really Want How you and your soon-to-be ex divide your marital property, including your real estate and retirement accounts, is one of the most important decisions you will make during your divorce. If you don’t act thoughtfully, you might not end up with what
How Restricted Stock Units Are Treated in Divorce and Child Support Providing restricted stock units (RSUs) to employees, in addition to salary and benefits, has become popular in recent years in the San Francisco Bay Area among startup and high tech companies. Unlike stock options, which allow an employee to purchase shares of
Divorcing? Here’s How to Handle Your Wine Collection Are you getting a divorce and own a valuable wine collection? Many challenges arise whenever a divorcing couple has a valuable wine collection. The first challenge is how to physically handle it, to not destroy the taste of the wine nor damage the labels. The
A Prenup Can Help with Your Estate Planning California is a community property state, so all assets acquired during marriage, by either spouse, are community in nature. In the event of a spouse’s death, the couple’s community property must be divided equally. Neither spouse is permitted to dispose of more than one half
Silver Prenuptial Agreements for Later-in-Life Marriages If you are getting married in your 50s, 60s, 70s or beyond, you may want to seek the advice of a family law attorney and draw up a Silver prenuptial agreement. That’s because you probably own significant assets, such as a home, rental property or business, and
Is Your Soon-to-be-Ex Spouse Holding NFT’s? Here’s What To Do. As we mentioned in a previous post, NFT’s and Divorce. What Are Your Obligations to Your Ex?, non-fungible tokens (NFTs) have become very popular in the crypto trading world. Just like other marital assets, NFT’s are subject to property division, when a married