Five Reasons to see an Estate Planning Attorney after your Divorce: Completely Untie the Knot Five Reasons to see an Estate Planning Attorney after Your Divorce: Completely Untie the Knot Now that your divorce is settled, it is important to think about estate planning for the benefit of your children or others closest to you….
New York State Makes Maintenance Payments Non-Taxable The Tax Cuts and Jobs Act enacted at the end of 2017 included changes to the treatment of maintenance payments in a divorces with marital dissolution agreements that are entered into or modified after December 31, 2018. Under the “old” law, which is now repealed, the maintenance paying…
New Tax Law Makes Maintenance Payments Non-Taxable The Tax Cuts and Jobs Act enacted at the end of 2017 included changes to the treatment of maintenance payments in a divorces with marital dissolution agreements that are entered into or modified after December 31, 2018. Under the “old” law, which is now repealed, the maintenance paying…
How Second Marriages Can Affect Your Estate Planning As a long time estate planning and elder law attorney, my clients have gone from mostly married couples at the beginning of my practice to a varied array of combinations of people who wish to provide for each other and their families. Often, I now see couples…
Is It Necessary to Have a Court Decree Ordering Alimony To Take An Income Tax Deduction? I recently agreed to meet with a man who explained that the IRS was threatening to disallow his tax deduction taken for payments he had made to his wife pursuant to a home-made separation agreement. Taxpayer Charlie told me…
Divorce and Taxes At J&G Law, LLP our matrimonial and our tax attorneys work together to discuss with you and resolve the dance between divorce law and tax law. This blog will waltz you through some of the most important issues typically relating to divorce and taxes. Filing Status. If you will soon be divorced,…
ZOOM IS TOO FAST The glossy advertisements and promotion for using Legal Zoom evidence that going too fast isn’t the best choice. Going the cheapest is also dangerous. Establishing an entity for a new business is much more than filing forms. There are many important decisions that should be part of any business entity formation….
When most people get married, they never think that one day they could face the possibility of divorce. It’s because of this that some people are blindsided by this incredibly life-changing event; and without proper legal knowledge, a person can quickly find themselves overwhelmed by it as well. Because a divorce can be thrust upon…
Prenuptial agreements. They’re things a lot of people have only heard joked about on comedy television shows or brought up in celebrity gossip magazines. Unfortunately, learning about these important legal documents through these channels may not give you the right impression about their purpose. You might think that only high-asset couples sign them or that…
If this is your first time going through divorce then you probably have a number of questions about what to expect during the separation process. Like a lot of Americans, you likely don’t want to be blindsided by the process and have turned to the Internet for answers. Unfortunately when it comes to divorce, no…
