During a divorce, there are numerous tax issues that may arise when it comes to property settlements and support. The following are some tax issues in Ohio divorces.
Pensions and Divorce
During and after divorce, an experienced financial planner can help to ensure that your financial settlement will work for you – both now and in the future.
A generation ago, most older couples who experienced relationship problems obtained “Irish divorces.” They lived separate lives, and maybe even maintained separate households, but remained legally married. A lot has changed since then. Older women are in much better positions to support themselves financially, largely because Congress added more teeth to the Age Discrimination in […]
Bullying doesn’t just happen on the playground. Many people feel bullied during divorce, either by their spouse, their spouse’s attorney, or the court system. As a trained mediator working with clients through the divorce process, I encourage my clients to stay empowered so they don’t feel like they have little or no control over what […]
QDROs are complex legal documents; the smallest mistakes in language could cost thousands of dollars in lost benefit payments.
While a divorce can greatly affect you emotionally, it can also impact you financially. As you go through the divorce process, remember that the decisions you make now will have long-term effects on your future. As a Certified Divorce Financial Analyst (CDFA), I’ve seen people make numerous mistakes as they went through a divorce, especially when […]
It is not uncommon for a privately owned business to be part of the marital estate of divorcing couples. Obtaining a value of a business under these circumstances typically requires a formal business valuation. Business valuations under normal circumstances can be complex, but throw in the concept of “double dipping” in a divorce context and […]
The longer a marriage goes on, the more assets each party accumulates. While you are working, there is a strong chance you will acquire retirement benefits either by the contributions of your employer or your own. Retirement benefits in California may be treated as income, so if you get a divorce late in life, the […]
One of the most frequently asked questions during a divorce consultation and through the divorce process pertains to the division of marital assets, also known as equitable distribution in New Jersey. Identifying the assets that are subject to equitable distribution The first step in asset division is determining which assets are subject to equitable distribution and […]
Accounts that are part of qualified retirement plans are often a significant bargaining tool for parties trying to negotiate a fair property settlement agreement. These accounts are usually flush with marketable securities, which makes them an enticing source to tap when parties are looking to “true up” unequal divisions of other marital assets. However, if […]