Divorce & Family Law, Uncategorized
2018 TAX PLANNING IN DIVORCES WITH ALIMONY/SPOUSAL SUPPORT PAYMENTS In the recent past, it has generally been beneficial for both parties to file a joint tax return in any year during which divorce proceedings are underway. For example: the parties frequently delay...
Divorce & Family Law, Uncategorized
HOW DOES THE TAX REFORM ACT IMPACT ALIMONY/SPOUSAL SUPPORT PAYMENTS? Beginning with court orders entered after 2018, alimony will no longer be deductible to the payer or taxable to the payee. This is a significant change and will affect divorce proceedings starting...
Divorce & Family Law, Probate & Estate Administration
What is the Difference Between Marital and Separate Property? Usually we think of marital property as property that is obtained by the couple during the marriage. However, the law in Michigan does not clearly define separate property. Courts typically adopt a rule...