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.
This article reprint was published in the October 2019 issue of New Jersey Business and provides an overview of protecting assets with a prenuptial agreement. Issues such as the legal aspects of creating a prenuptial agreement are discussed. Financial arrangements and child custody considerations are also covered. The authors offer a reminder that lack of proper pre-marital planning, particularly for business owners, can be disastrous.
This article was published in the May 10, 2020 issue of FamilyLawyerMagazine.com and provides an overview of what family lawyers must know about estate planning for a pending divorce, including which estate planning documents, account titles, and beneficiary designations should be updated as soon as possible.Read article.Please visit our Matrimonial and Divorce Advisory Solutions resource page for more timely divorce planning content.Please see important disclosures at the end of the article.