As a family law practitioner who handles numerous divorces, you undoubtedly already know that the Tax Cuts and Jobs Act passed by Congress late last year and signed into law by President Trump on December 22, 2017, eliminates the alimony deduction that has been a staple of divorce negotiations since 1942. Precisely how the new…
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Say you are a family law attorney with a high-asset divorce client. He told you during your initial consultation that he owns a family business. He also told you that it would pose no problems with regard to his divorce because his wife has never worked for the company, nor has she ever been particularly interested…
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The new GOP Tax Plan presents implications for divorce planning. Divorce practitioners who understand the nuances of the bill and the full scope of how it may impact clients will have a strategic advantage, as there are benefits to agreements made before year end. The purpose of this article is to identify the provisions that affect divorcing couples,…
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