Important updates and insights for matrimonial advisors when helping a client face divorce.Key estate planning-related considerations in pre-marital planning are explored, including portability, asset protection trusts, and silent trusts.Learn how multi-disciplinary considerations can impact divorce planning when dealing with trust & estate, matrimonial, and religious law.
This marital agreement alert was recently published in the American Academy of Matrimonial Lawyers® – May 2019 Newsletter. As a result of changes to the law that came into effect on January 1, 2019, trusts created during a marriage can have adverse tax consequences long after divorce. Accordingly, the tax impact of every trust created during the marriage should be carefully considered when negotiating a divorce settlement, or presenting the evidence to a court.
This article was recently published in the New York State Society of CPAs TaxStringer Newsletter.Since New York has decoupled from certain personal federal income tax changes for 2018 and after, the state and federal tax treatment of those items will differ.