Protecting What Matters Most It’s hard to know where life will lead after a divorce. Some people never remarry, while others find love again later in life. Today, blended families are increasingly common - over 15% of children in the U.S. now live in blended families....
Divorce and Tax Consequences - What North Carolina Couples Need to Know Divorce and taxes are two topics that probably aren't high on the list of most people's favorite things to think about. And yet, when you're going through a divorce, or even contemplating a...
In the process of your divorce, you will address many issues. For most parents, there is no issue more important in a divorce than child custody. That’s understandable. When most parents think about the issues they will confront during a child custody matter, they...
Even under the best of circumstances, most of us don’t relish the idea of paying taxes. This can be particularly true in difficult times. Facing a divorce and worrying about how your divorce might affect you from a tax perspective is doubly unpleasant. It’s an...
Changes are inevitable. This includes tax changes. When a tax change occurs someone will be affected, but the question is, is that someone you? Based on the 2018 Tax Cuts and Jobs Act (TCJA), those who make alimony payments may find themselves affected by this tax...
The decision to get married is, in so many ways a decision to make two lives one – and finances are no exception to this rule. More often than not, married couples combine their debts, assets, and bank accounts, and budget together. This is understandable, and is...
Taxes. Most of us don’t love thinking about them, and most of us would certainly agree that in many respects, tax time is a headache. This is true almost every year, but in some years, it is more true than others. If you are in the midst of or have recently finalized...
During the divorce process, custody and support can impact your tax situation. There are various child-related tax implications that must be addressed upon divorce and separation.
What tax implications are involved when dealing with property like retirement accounts, life insurance policies or even the marital home?
There can be different tax liabilities associated with spousal and child support, as well as divided property.