Is Divorce Becoming a Tax Strategy Game?

As professionals, we must consider how to address the ripple effect of the repeal of the alimony tax deduction and other uncertainties in the new tax law. Divorce has become a tax strategy game with no clear direction. Many couples who are racing to divorce in 2018 may be surprised to learn that even though the tax character of alimony… Read More

A Money Smart Divorce

December is expected to be a busy month for the nation's divorce courts. The tax overhaul enacted late last year eliminated the deduction for alimony, but unlike most provisions in the law, this one doesn't take effect until 2019. As of January 1, the IRS will treat alimony payments in the same manner as it treats child support, which isn't… Read More

This is why baby boomers are divorcing at a stunning rate

Looking ahead to the next phase of life can seem pretty dreadful if you can’t stand the person who you’ll be spending it with. That may be what some boomers are facing. Among U.S. adults ages 50 and older, the divorce rate has roughly doubled since the 1990s, according to a Pew Research Center report. Statistically speaking we’re healthier and… Read More

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