Changing Tax Laws Affecting Divorcing Couples
Couples who have made the decision to divorce in 2018 may be surprised to learn that changes in personal and business income taxes will impact the financial outcomes of their divorce. It is unclear if the new tax rules will make divorce more or less difficult to negotiate legally or financially.
Hot Hollywood divorce trend may not be for you
Bird nesting, whereby divorced or separated parents let their children stay in the same home while they take turns living in it, is getting mainstream
Hot Hollywood divorce trends may not be for you
Where to live following a divorce or separation is one of the biggest questions some couples face.
A trend called bird nesting aims to simplify that problem, particularly when there are children involved. The arrangement occurs when a couple keeps one home for their children and take turns living in it.
Knowing the value of your spouse’s 401(k)?
In this article published in Bloomberg News, Lili Vasileff contributes to a discussion of the state of information sharing in marriages — especially when it comes to financial details. Lili says, ‘‘Most couples don’t share fully financial details about private accounts, the nature of investments, or the amount of savings.\”
Why baby boomers are divorcing at a stunning rate
Lili Vasileff is quoted in a recent article by Angela Moore for Market Watch on why older couples are deciding to divorce in record numbers. Lili says, “What’s pushing gray divorce is people are living longer and they feel more entitled to living fully. They’ve contributed to raising children, they want an emotional journey, it’s their time now. They may have decades ahead and don’t want to be unhappy anymore.”
Necessary Conversations About Divorces
Listen to Mandy Walker interview Lili on Blog Talk Radio Nobody likes to talk about their debts and it’s often the hardest part of negotiations
Avoid these mistakes dividing up 401(k) assets in divorce
Divorcing couples can face enough agony as it is dividing up possessions and agreeing on custody of children, let alone splitting retirement assets.
Yet that nest egg often represents a divorcing couple\’s largest pot of money. And if the process for the division of those assets is not done properly, there can be a steep price to pay in taxes, penalties or an unintended amount of money going to an ex-spouse.
Filing your taxes together may not be the glue that will ensure you stay married forever. But it could save you money and help you cash in on some lucrative tax credits.
Nerdwallet: How to Untangle Your Finances in a Divorce
Lili Vasileff is quoted in a recent article by Bev O’Shea for the Atlanta Journal Constitution about the financial decisions that can complicate the emotional upheaval of a
Boomerang kids: Surviving without depleting your retirement savings
Lili Vasileff is quoted in a recent article by Tom Anderson for CNBC’s ‘Your Money, Your Future’ on how to handle adult children moving back home. Lili
