Understanding the Tax Treatment of Alimony

Blair Talty |
Wealth Planning
Tax Law and Divorce NC.jpg

Learn about this and other important divorce considerations.  The 2017 tax act changed the tax treatment of alimony for both the payer and the recipient.For divorces finalized prior to January 1, 2019, this new tax treatment does not apply and is grandfathered under the rules of the prior law.It is important to review your settlement agreement in light of today’s current tax laws, and consider modification of an existing agreement if appropriate.

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When Family Business Owners Get Divorced

My Business
Business Owners and Divorce NC.jpg

Navigating the emotional and financial challenges of a divorce can be daunting enough. But when a family business is part of the divorce proceedings, there are additional decisions to be made to determine the future of the business and the equitable distribution of its assets.If only one spouse is involved in the family business and will continue to operate it as such, then an appraisal of the business will be needed to determine its value for purposes of buying out the non-operating spouse.

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Planning for Higher Education in Divorce

Jerry Inglet, Ed.D, CFT-I™ |
Wealth Planning
Agreement prepared by lawyer signing decree of divorce (dissolution or cancellation) of marriage, husband and wife during divorce process with male lawyer or counselor and signing of divorce contract.

Nearly half of all U.S. marriages—and more than half of all second marriages—end in divorce*. There are many complexities that result from these breakups, particularly when children are involved. Decisions around the funding of college and completing financial aid forms properly can create many challenges for a divorced family. And unfortunately, high-net-worth families are not immune from these concerns.

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