Many decisions need to be made during a divorce, and it can be somewhat overwhelming. The last thing couples are usually thinking about is taxes. However, there are tax implications from a divorce, and you’ll need to make sure you understand the basics and work with a qualified accountant or CPA who can provide guidance [...]
Spousal support is the term used to describe the payments, or transfer of money, from one spouse to another after divorce. Spousal support is also called spousal maintenance, and was once exclusively referred to as alimony. Today, these three terms are used interchangeably. Spousal support laws were originally created in the U.S. to protect a [...]
We hear a lot of confusion and questions about legal separation, so thought it would be good to talk about what a legal separation is, what it means, and what the benefits may be. The most obvious difference between a legal separation and divorce is that a divorce puts a legal end to the marriage. [...]
