While there is no question that children have financial needs, one debate that is of concern to Connecticut parents is whether someone should go to jail for not paying child support. While some people believe that failure to pay child support should be a crime, others...
Month: April 2015
Divorce and designating beneficiaries
Divorcing spouses in Connecticut might benefit from understanding more about keeping beneficiary designations up to date. One of the most important steps in maintaining current records for an upcoming divorce is reviewing the names listed as beneficiaries on various...
The income tax consequences of alimony
Connecticut couples whose divorce orders involve alimony need to be aware of how the payments are treated by the IRS for tax purposes. Unlike child support, which does not have to be reported as income and which cannot be claimed as a deduction, alimony payments must...
Retirement impact of high-asset divorce on Connecticut couples
For affluent couples who choose to divorce, particularly those over the age of 50, asset division may be far more complex than for a younger couple. In addition to the usual liquid or semi-liquid assets, including the contents of bank accounts, jewelry, art and real...
