by Robert E. Goldstein, Esq. We strongly recommend that if you are getting a divorce that you have a new last will and testament, power of attorney and advanced directive for health care decisions prepared by an attorney. Although a divorce might automatically revoke certain important legal documents under New Jersey law such as an …
by Robert E. Goldstein, Esq. Since any alimony arrangement made after January 1, 2019 will not be deductible from the gross income of the spouse paying it nor includible in the gross income of the spouse receiving it, an alternate method of gaining a tax benefit to the paying spouse may be to have that …
Alternative Tax Strategies For Paying Alimony After January 1, 2019 Read More »
By Marshall A. Morris, CPA, ABV, CFF The living standard of a family undergoing a divorce coalesces in a Standard of Living [“SOL”] report. In separate schedules the “SOL” report lists the sources and amounts of income the family receives, and their lifestyle as a family. The ‘SOL” report analyzes the income and expenses of …
by Marshall A. Morris, CPA, ABV, CFF The living standard of a family going through a divorce comes together in a Standard of Living [“SOL”] Report. In separate schedules the SOL Report lists the sources and amounts of income the family receives, and the lifestyle the family enjoys while spending the income it receives. The …
Preparing a Comprehensive Standard of Living Report Read More »
Members of the Collaborative Divorce Professionals were recently featured on New Jersey Divorce Talk Radio discussing real estate and divorce. The title of the podcast is The Spouse and the House.
by Robert E. Goldstein, Esq. On January 19, 2016, Governor Christie signed S-1046/A-2721 into law. This law establishes 19 as the age when a child support and/or medical support obligation will end. The new law allows for child and/or medical support to continue up to age 23 for cases in which the dependent is still …
When Does a Court Order to Pay Child Support Terminate? Read More »
By: Elizabeth M. “Betsy” Giordano, Real Estate Agent RE/MAX Gateway Realtors Divorce is an emotional experience for all involved, as is selling and buying real estate. The two issues together can create extreme stress. Allowing the Collaborative Divorce Team to assist you during this process will allow you to make the BEST financial decisions. As …
3 Tips On Finding The Right Real Estate Agent When Selling Your Home During A Divorce Read More »
by Marshall A. Morris, CPA, ABV, CFF Simply stated, alimony is the transfer of money between divorced, or divorcing, spouses. The transfer usually results in the paying spouse reducing taxable income and the receiving spouse increasing taxable income. Child support and property transfers between divorcing, or divorced, spouses are not alimony, so they neither reduce …
