Divorce & Family Law, Uncategorized
Orthodontic Expenses in a Divorce When a parent hears that his or her child will need braces the first thought is likely to be: “How will I pay for this?” How shall we share the expense? In a Divorce situation the cost of braces should be shared according to the...
Bankruptcy, Uncategorized
In my prior article I briefly reviewed the preference laws under the Bankruptcy Code, the elements that have to be proven and the rationale behind such statutes. To reiterate, a preference, by definition, is a payment or transfer that is made by the debtor to a...
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...
