This article was published in the December 19, 2019 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.
This article was published in the October 11, 2019 issue of FamilyLawyerMagazine.com and provides an overview of pre-marital estate planning. For family law practitioners, marital and pre-marital estate planning can be key in protecting clients in the event of divorce. Here are three sets of critical considerations that could be worth millions to your client.Read article. Wilmington Trust Company operates offices in Delaware only.
The 2017 Tax Cuts and Jobs Act created significant ramifications in the divorce context, particularly on the income tax front.This article discusses seven areas impacted by the current tax laws–including taxation of trust income and other important considerations. Issues including taxation of alimony payments, the suspension of the personal exemption and the miscellaneous itemized deduction, as well as possible higher valuations for closely held businesses, are also covered.