As of 2019, alimony is going to be changing during tax season. After 2018, anyone who enters into a divorce will no longer be able to deduct alimony from their taxes. Those who receive alimony will not be taxed on it.
If you're going through a high-asset divorce, you know that there is potentially a lot to gain or lose. While you may be looking forward to getting away from your spouse, one thing you're likely not looking forward to is the potential for losing many of your assets.
There are many mistakes you could make when going through a high net worth divorce. While no divorce is easy and many are not pleasant to go through, the reality is that you could lose more than expected if you're not careful about what you do next.
When you are seeking a divorce in Connecticut, a divorce attorney can help you in a number of ways. Divorce laws vary from state to state. An experienced divorce attorney is going to thoroughly know the laws in his or her state of practice.
Getting a divorce is an important, life-changing event. The divorce process won't last forever before your new life begins. Now you will have to live with the actions you have taken and the decisions you and your ex have made. Below are some mistakes that you should avoid during the divorce process if at all possible:
If you are headed into a divorce, pay attention. You are about to take a big, important step in your life. Make it a step forward and not a step backward.
It may not be surprising that the month with the lowest number of divorce cases filed is December. This is when everyone is busy in a frenzy of activities, holiday shopping and family get-togethers.
Divorces can often be nasty, confrontational disputes between two people who once pledged to love each other forever. Life events can happen that create such pain and emotional heartache that the same two people can end up despising each other.
All divorces come with the risk of making mistakes. However, in a high asset divorce, avoiding mistakes can make all the difference in one party receiving a fair settlement. The problem for many Connecticut residents is that they do not know what a mistake is and what is not a mistake. This is especially true for those who have never experienced a divorce.
While the United States divorce rate has been stated as around 50 percent of all marriages, there are some areas of the country that have fewer divorces than others. While the reasons for fewer divorces may not be obvious, one thing that you can see is where people are living when they have fewer divorces. Interestingly, Connecticut is a state where fewer divorces take place.