Many spouses have questions about how child support and alimony might impact their taxes after a divorce. While many of these questions are relatively easy to answer, a few surprisingly complex issues may arise. Aside from child support and alimony, there are many other factors that might affect a spouse’s tax considerations during a divorce.…
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Not only are “gray divorces” on the rise, but it also seems as though an incredible number of high-profile billionaires are ending their marriages in recent years. We have seen the breakup of high-tech power couples such as Jeff and MacKenzie Bezos and Bill and Melinda Gates, and now another prominent billionaire couple has joined…
DetailsWhile there are many notable concerns for spouses approaching divorce, retirement accounts can be especially problematic and complex. With the rate of so-called “grey divorce” climbing rapidly, this is an issue that divorce attorneys across the nation can expect to see more of in the coming years. In addition, surveys have shown that up to…
DetailsMany spouses approach their divorce with the expectation that their attorney can handle virtually every aspect of this legal process. Unfortunately, this is usually not the case, especially when spouses are dealing with complex estates with high-value assets. In order to unravel these complexities, spouses are often forced to enlist the help of a wide…
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According to various statistics, grey divorce is becoming increasingly common in the United States. The term “grey divorce” refers to the separation of married couples who are at a relatively advanced age. Generally, these individuals are over the age of 50. One study found that divorce rates for those 65 and over have tripled within…
DetailsSilicon Valley divorces have been all over the news as of late, with Jeff Bezos and Bill Gates perhaps the most noteworthy examples. But while these divorces have been hidden away from the public eye, another breakup in the big tech world is brimming with public controversy. We are speaking, of course, about Scott Hassan,…
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Any parent should probably think carefully before accepting the advance child tax credit. While this tax credit can certainly help millions of Americans as they deal with the economic pressures of the pandemic, many experts are warning certain individuals to opt out. Like other forms of federal financial assistance in the midst of COVID-19, this…
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