Monthly Archives: January 2019
What You Can Do to Offset the Effects of the New Alimony Tax Law
Traditionally, alimony has been tax deductible for the paying spouse and taxable for the recipient spouse. UBecause of this tax deduction, the obligor spouse was able to pay more in spousal support because it was tax deduction. However, as of January 1, 2019,this tax deduction is no longer. Now, alimony is not taxable or… Read More »
Are Your Inheritances and Gifts Subject to Property Division in Divorce?
Florida, like many other states, is an equitable distribution state, which means a judge will divide marital assets and debts equally Separate property is awarded to the individual spouse. Separate property includes the following: Property owned by either spouse before the union or obtained by either spouse after the date of separation; Compensation for… Read More »
Who Gets the Artwork in a Florida Divorce?
Who gets the Monet, the Van Gogh, and the Warhol? What about the Leibovitz or Golden? Surprisingly, the question of who gets the artwork is one of the most hotly contested issues in today’s divorce proceedings. According to a Memphis attorney quoted by the Wall Street Journal, artwork often falls into the same category… Read More »
What is Mandatory Disclosure and When is it Necessary?
Mandatory disclosure requires each party in the dissolution of a marriage to disclose records that paint an accurate portrait of each party’s finances. This requirement ensures the judge divides assets between the two parties fairly and equitably. If one party requests support from the other, the judge will also need a clear picture of… Read More »
