The coronavirus pandemic, with its tragic attendant death toll, has focused people’s attention on mortality. Now more than ever, you will want to ensure that your clients’ settlement obligations are secured with appropriate life insurance and probe its value as a marital asset. This article was published in the April 22, 2020 issue of FamilyLawyerMagazine.com.
The dissolution of marriage is one of the most stressful and difficult experiences you may face. The COVID-19 pandemic has made the already challenging and uncertain journey of divorce more complicated for families and their advisors.
Practitioners and their clients need to be aware of the new tax treatment of alimony – and its implications – when planning a divorce. President of Family Wealth for Wilmington Trust’s Eastern U.S. Region, Sharon Klein, shares her insights on how today’s tax laws are reshaping the divorce landscape with Editor in Chief of Trusts & Estates magazine, Susan Lipp, at the 54th Annual Heckerling Institute on Estate Planning.