During the divorce process, the financial stability of both individuals is taken into account, and the responsibility of alimony is sometimes given to the higher earning spouse, when the lower earning spouse asks for it. Before the Tax Cuts and Jobs Act of 2017 was …
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Men’s Divorce Countdown: Tax Implications of Divorce
Men’s Divorce is proud to present Men’s Divorce Countdown, sponsored by Cordell & Cordell! Join Dan Pearce, online editor at MensDivorce.com, as he details the tax implications of divorce. Daniel PearceDan Pearce is an Online Editor for Lexicon, focusing on subjects related to the legal …
CONTINUE READINGUnderstanding Custodial Tax Benefits
While experiencing a divorce, there are many worries regarding who gets what. Whether it is custody of the children or assets accrued, everything is under a microscope. In ending the marriage, the fallout is created, leaving both parties looking to figure out their financial futures …
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