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
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 MoreDivorce 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 MoreNo aspect of divorce is more painful than disagreements over child custody. Even if parents are able to remain civil, children are very sensitive to the unhappiness of their parents—and their own participation in that unhappiness. Divorce is never easy on any family member. At the same time spousal relationships are dissolving, parental relationships to Read More
Read MorePrior to October 2010, separating in New York was the only option for couples seeking divorce without having to claim a fault ground of divorce. A separation agreement details necessary marital issues like property division, spousal maintenance, child custody, and related financial concerns. After separation of a year or more, the agreement converts into a Read More
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