Nobody wants to rush into divorce. But if you finalize divorce in 2019 versus 2018, it could cost you much more in taxes for the rest of your life. After President Trump Signed the ‘Last Minute Tax Law,’ Married Couples Are Rushing to Get Divorced By December 31. To read more, see here.
There soon won’t be a silver lining to paying spousal support. President Trump’s recently passed tax code will abolish tax deductions on alimony for divorce decrees on Jan. 1, 2019 and thereafter. Divorce lawyers say the higher-earning spouse will have more leverage to argue for lower alimony. The current tax rules allow for matrimonial…
Too many women have let husbands make the long-term financial decisions, leaving them vulnerable when separation or death strikes. For some, it means liberation. For others, loss. For women in particular, the doubling of the divorce rate for the 50-plus crowd since the 1990s can mean something far more prosaic: a need to shoulder the big financial…
Who holds the key to keeping marriages together? Divorce attorneys play a surprising role in identifying what causes a divorce to happen (and are expert advisors on how to keep it from happening to you). Divorce rates have been climbing steadily in the past 50 years, and no one knows that better than the…
Let’s face it: The prenup seems so utterly unromantic – or just plain wrong – but it’s also become so right for so many these days: those keenly aware that a marriage may end up in a legal separation, divorce or death. Most prenups tackle financial issues such as real estate, division of bank…
Divorce litigation, especially when there is contested custody, is rarely a straightforward negotiation process. Issues of divorce and custody can be negotiated out of court when certain conditions are present to move the couple to resolution of the issues. Mediated settlements are increasingly popular with both divorcing spouses and the judicial system. To read…
Alimony payments, typically codified in the terms of a divorce settlement, are separate from child support. They are the payments that someone gives to an ex-spouse who earns less money. The alimony deduction repeal would affect divorces carried out after December 31, 2018. The new rule wouldn’t affect anyone already paying alimony. But it…
Family Law Corp. is pleased to announce that our firm has been selected as one of the Best Businesses in the Practice Area of Divorce Law for 2018. Three Best Rated finds the most highly rated divorce lawyers in the Philadelphia area and uses a 50-Point Inspect including everything from reputation, history, complaints, local…
The following are five general tips to assist you in your custody case: Be active in your child’s life Monitor your online presence Support your child’s relationship with the other parent Address issues of parental fitness (i.e. alcohol abuse, drug abuse, etc.) Listen to your attorney To read more about these tips, please see…