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A Better Marriage is a Post-Nuptial Agreement Away
While most everyone has heard of a prenuptial agreement, a post-nuptial agreement is less well-known. A post-nuptial agreement addresses the same financial issues as a prenup,...
How Courts are Addressing the Loss of the Tax Deduction for Spousal Support
Under the 2017 Tax Cuts & Jobs Act, spousal support is no longer tax deductible on the Federal level for the person paying the support. As discussed in a previous post, the...
How Divorce Affects the Capital Gains Tax Exemption on Sale of a Couple’s Home
Federal tax law provides for special treatment of capital gains taxes on the sale of a person’s residence provided certain conditions are met. A taxpayer may qualify to exclude...
Why You Should Change Your Will as Soon as You Decide to Divorce in NY
Many couples realize they should update their will and beneficiary designations after getting a divorce. Divorcing parties don’t think about making these revisions prior to or...
What to Do If You Get Served with Divorce Papers
You’ve heard the doorbell ring. You go to the front door and open it, only to be met by a stranger who is handing you something. He says, “Are you (insert your name)?” You have...
6 Steps to Protect Yourself Financially If Your Spouse Asks for a Divorce
Let’s say that one day your spouse comes to you and says that he or she wants a divorce. Regardless of how you feel about your marriage, your first reaction will probably be...