Should you legally separate before your divorce? When should you consider a legal separation prior to or instead of a divorce in San Diego? The answer may simply be “health” or “money” and the mitigation of risk. It may also be as simple as “I am not ready to divorce, and we need some time apart to work through some…
Tax
Should You Consider Bifurcation to Become Single Before Your Divorce is Finished?
Should you consider bifurcation to become single before your divorce is finished? Divorce in North County San Diego can take a long time. Disagreements related to child custody & parenting time, division of a business or spousal support can substantially lengthen the duration of a divorce. Many parties become impatient and wish to move forward with their life. You may…
Financial Impacts of a Divorce
What are the financial impacts of a divorce? California couples who are ending their marriage should be aware of the financial aspects of the decision. Understanding how the divorce will impact their finances can help people to plan ahead accordingly. One of the major issues in many divorces is determining which spouse will get the home and how the other…
Proposed Tax Reform will Impact Divorce in Carlsbad
How will the proposed tax reform impact divorce in Carlsbad? Spousal support, referred to as “alimony” by the IRS is presently deductible for the payor and taxible for the recipient. Child support is presently neither deductible for the payor nor taxible for the recipient. The tax impact of child support and spousal support is a significant consideration in the majority…