One of the biggest stressors that happens during divorce is figuring out what should happen to your house. If you and your spouse share a house, you might have a situation and the assets in place to allow someone to keep the home and take over the mortgage payments....
Last week, we began sharing some knowledge from an Investopedia article covering taxes and divorce. Divorce is a legal process that brings significant financial implications for those who go through it, and taxes figure into that picture. While we covered some basics...
This is the time of year when lots of people have questions about their taxes. If you’re in the midst of a divorce or you’ve just completed a divorce, you’re likely among those, starting with wondering how to classify yourself on the tax form. It’s possible, depending...
One of the biggest issues that comes up in divorce is what to do with the house that is, for many married couples, the biggest shared asset they have. One option, of course, is to put the house up for sale and then split the proceeds once it sells. Another option, if...
Student loans have been in the news quite a bit in recent years, in part because of the pandemic and how the CARES Act put the brakes on many people’s student loan payments. Student loans are a common form of debt people have, are generally harder (though not...
If you’re planning to divorce or you’re already divorced, one of the realities that hits home for people is how much more expensive it can be to live divorced as opposed to married. Simply put, you’re going from sharing the expense of maintaining one shared household...
As we often point out to our clients, the emotion you feel in a divorce is very real and very present, but ultimately, a divorce is a legal agreement that has financial implications that last well into your post-divorce life. You want to make sure, when you’re going...
There’s a provocatively titled article that was recently published on Nasdaq’s website, with the premise being that getting divorced can save you money on taxes. Taxes are, of course, one of those confounding financial items that must be factored into your divorce...
Divorce can be emotional, as we’ve said on this blog more than once, and anger is a very big emotion that can make you choose unwisely in a divorce. Your immediate impulse might be to grab all the things you think belong to you and move out, but both parts of that are...
If you’ve been following the news this week, you might be aware that Allen Weisselberg, the chief financial officer of the Trump Organization, has been indicted on fraud and tax evasion charges during his time working for the former president. What you might have not...
