By Randy S. Margulis | Published January 15, 2013 | Posted in Divorce | Tagged Tags: Divorce, future finances, New York divorce attorney, tax implications | Leave a comment
The Tax Implications of Divorce
A 2011 Kings County case demonstrates that serious consideration of tax implications is crucial in a divorce. The husband’s gross income was $107,953 and the wife’s was $11,660. After payment of alimony, child support and taxes, the husband took home $41,000 per year and the wife’s income was $58,253. Be sure to review IRS Publication Read More
Read MoreHow to Talk to Your Kids About Divorce
Divorce can be harder on your children than it is on you. Marital difficulties disrupt all relationships, and a failure to recognize your children’s feelings may set a negative pattern that they will carry with them for the rest of their lives. Talking to children about divorce is not easy, but the following suggestions may Read More
Read MoreWhen Your Ex-Spouse Fails to Pay Child Support
Rapper Flavor Flav recently avoided being put in jail by an Albany court by finally paying $25,000 of the more than $111,000 in back child support he owes to the mother of his three children. Celebrities sometimes provide poor role models, making it more difficult to enforce child support laws. If your spouse refuses to Read More
Read MoreThe Basics of Child Custody and Support
You are getting divorced from your spouse. How will this affect your relationship with your kids? Will you be able to visit? If so, when? Will you pay child support? Can you get custody, or joint custody? What does this all mean? In the old days, Mom always got the kids and Dad took on Read More
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