Make Sure You Consider The Tax Effects Of Divorce
There are a number of important tax matters which must be considered when an individual faces a divorce. For example, child support is not taxable income to the recipient nor is it tax deductible to the payer. On the other hand, spousal support represents taxable income to the recipient and is tax deductible to the payer.
These are just two of the many important tax issues that need to be considered when planning your divorce and the division of marital property. When and how assets are divided can have significant financial consequences if improperly handled, particularly in the cases of real estate, retirement assets and stocks.
If you are working through a divorce, it is important to protect your financial well-being by reaching out to an experienced and skilled advocate. With more than 20 years of experience, our lawyers are here for you.
Our Team Fully Understands The Tax Implications
Because our team works with accountants and other forensic experts, whenever it is indicated and certainly on every high-asset divorce issue, we have a comprehensive understanding of tax implications in divorce. We are prepared to trace, value and understand all of the issues you face and take action that ideally preserves your financial health. We have extensive experience working with some of the largest business employers and can help you address all tax implications of assets, including restricted stock units and options.
Because these issues require extensive investigation and research, we encourage you to get in touch as soon as possible.