Crowdfunding a divorce to help with costs

Pierre Domercq Divorce

Many California residents know about different crowdfunding sites that allow friends, family members and even strangers to help finance honeymoons, college educations and hospital costs. However, another site is now allowing people to crowdfund their divorce. The site allows people to seek funds for the cost of legal expenses or even the cost of new furniture and other items that …

Tax time – Deductibility of Attorney fees in Divorce cases

Pierre Domercq Divorce

No one enjoys paying attorney fees and even fewer enjoy paying income taxes. What you need to know is in some circumstances your payment of attorney fees is tax deductible. Internal Revenue Code Section 212 provides: “In the case of an individual, there shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the …

Tax time, Divorce or not

Pierre Domercq Divorce

Tax time arrives every year, like it or not, whether you are in the midst of a divorce, or not. Although everybody has an option to file separately every year, the election to do so in the year spouses stop living together is of particular concern. Be sure to discuss with your attorney and with your tax accountant the ramifications …

Lessons that can be learned from celebrity divorces

Pierre Domercq Divorce

When a California couple decides that they need to get a divorce, it can be very difficult to know who to turn to once the decision has been made. Advice can come from almost anywhere, whether a person wants it or not. However, there are certain things that celebrity divorces can teach divorcing couples. For example, Ben Affleck and Jennifer …

Getting a financial adviser for a divorce

Pierre Domercq Divorce

California residents can benefit from getting the advice of a divorce lawyer when ending their marriage, but a financial adviser may also be a good idea. While divorce attorneys stay abreast of current developments and procedures, they may not have the background necessary to ferret out hidden assets, for example. A person getting a divorce may want to keep the …

Huge divorce settlement overturned

Pierre Domercq Divorce

Some California couples may have been following the divorce proceedings of Russian billionaire Dmitry Rybolovlev and his ex-wife Elena. After Elena filed for divorce in 2008, a court in Geneva ordered Rybolovlev to pay Elena $4.5 billion as part of the settlement in 2014. According to Elena’s lawyer, the amount was a record-breaking divorce award at the time. Rybolovlev accumulated …

California man submits initiative to end alimony

Pierre Domercq Divorce

An Orange County man is attempting to put an end to alimony. Currently, signatures are being gathered for the initiative that is intended to stop alimony (also known as spousal support). Secretary of State Alex Padilla granted permission to supporters of the initiative to begin the process of gathering signatures. This group will need to gather 365,880 signatures from registered …

A look at tax liability changes for single parents after divorce

Pierre Domercq Divorce

California residents may be interested in some information about life after divorce. For newly-single parents, there can be some unexpected changes with regard to taxes. After a parent goes through the divorce process, they may be facing many issues in their new life as a single parent. One often-overlooked aspect of single parenthood, however, is how it affects a person’s …