Watts Charges and Epstein Credits Who Pays What Between Separation and Divorce? When a couple is in the process of getting divorced but hasn't yet decided how to divide up their assets, the financial aspects of day-to-day living can get complicated. As an example, one member of the couple may continue to live
Splitting Retirement Accounts with Qualified Domestic Relations Orders In a Community Property state like California, your ex-spouse or domestic partner is entitled to 50% of the value that you have accumulated in your employee sponsored retirement accounts during your marriage. These retirement accounts can be a 401K plan, IRA or pension plan. Retirement
Estate Planning Considerations During Divorce All too often, individuals leave their ex-spouse or ex-partner as their beneficiary on their financial accounts and their agent for their Durable Power of Attorney for health care and property, long after they get divorced. If you are getting divorced, even before your divorce is final, you will
How to Retain Your Home’s Capital Gains Exclusion When Getting Divorced If you are getting divorced and selling your home, you can still take advantage your marital capital gains tax exclusion. This blog post explains how. But, first, what is the home sales capital gains exclusion all about? If you own a home
How to Share in Your Ex-Spouse’s Social Security Benefits As a divorced individual you can share in your ex-spouse’s Social Security benefits, as long as you have been married for at least 10 years, and your ex has earned benefits. If this is the case in your situation, your ex-spouse’s Social Security benefits
What Documents to Bring When Meeting with Your Divorce Attorney When you are getting divorced, both you and your spouse must disclose your complete financial information. This information includes your income, expenses, liabilities, assets, business interests and other important financial information. Your divorce attorney will be able to help you understand your current
Are You Liable for Your Spouse’s Unpaid Taxes? Often married couples file joint tax returns because it usually reduces their tax preparation expenses as well as their federal income taxes owed. A potential downside, however, is that, if one spouse has not declared their full income or falsely claimed too many deductions or
If you are separating from your spouse and not yet divorced, how you file your Federal and State of California income taxes is an important financial decision to make. It can also be confusing and complicated by the stress of your separation. As long as you are still legally married, you can either
Here's How the New Tax Law Affects Married Couples and Spousal Support Like many married couples, you may be thinking ahead to your tax liability for 2018. Here is a rundown of how the new tax law is likely to affect you, especially if you own a home, have a family, or are the payor
How Divorce Can Impact College Financial Aid Getting a divorce compounds the challenges of funding your child’s college education. The cost of getting a divorce can erode into savings that have been earmarked for college tuition. And, shifting priorities on the part of parents, such as moving and new relationships, can also draw down otherwise