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Three Reasons Why You Should Have Already Made a Prenuptial Agreement
Posted By Moskowitz Law Group, LLC
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6-Jun-2017
Prenuptial agreements tend to have a negative reputation among those soon to be wed. Many people are led to believe that if you want to make a prenup, you are basically betting on your divorce failing sooner or later. Indeed, if you approach the idea of drafting a prenup incorrectly, it could potentially upset your fiancé(e) and jeopardize your wedding plans. But this is not to say in the ...
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Is Marriage Declining Due to Income Inequality?
Posted By Moskowitz Law Group, LLC
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25-Aug-2014
Who knew that success in marriage would be largely defined by wealth? It's hardly a new concept in our day and age, but statistically, with the wealth gap and income inequality getting much, much worse in our nation, we're seeing a proportional statistic regarding whether or not couples stay married. Better yet, it seems couples these days are not getting married at all! They're ...
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Splitting Up or Splitting the House: Which Is Easier in Divorce and Taxes?
Posted By Moskowitz Law Group, LLC
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21-May-2014
It's a matter of fact that you don't have to pay any income taxes on assets transferred as a divorce is processed. However, know this: a house unfortunately will be handed over to one spouse or the other, only not tax-free. Why? Specifically, when capital gains taxes still remain relevant, they apply regardless of a divorce. As with property law, know this – a married couple ...
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The Tax Calendar Matters in a Divorce. Why?
Posted By Moskowitz Law Group, LLC
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14-May-2014
Taxes can't be any trickier than they already are when associated with divorce. Why? Because the timelines get all screwy. For instance: if you were married up until late December and your divorce was finalized before the new year, you actually can't file as married come April of that next year. Likewise, let's say you get divorced around the first quarter of a particular year; even ...
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Divorce Getting Trickier With the New Tax Law: Part 2
Posted By Moskowitz Law Group, LLC
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23-Apr-2014
What's one common denominator with divorce agreements among the wealthy? Investment portfolios. This is the heart of asset distribution when you think about it, so you can only imagine what the American Taxpayer Relief Act has potentially done in the configuring and organization of those portfolios to ensure everyone gets an equal piece of the pie. Thanks to the new 3.8% Medicare surtax on all ...
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Divorce Getting Trickier With the New Tax Law: Part 1
Posted By Moskowitz Law Group, LLC
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16-Apr-2014
It's no surprise that many tax considerations end up affecting the time at which you decide to divorce. It's like throwing a giant wrench into the workings of the entire tax system, because at first you're viewed as a joint filing with your spouse, and then all of a sudden you're now legally separated from that tax standpoint, leaving questions thrown up in the air without no ...
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Agreeing on Both Dependency Exemptions: How Both Parents Can Benefit on Their Taxes
Posted By Moskowitz Law Group, LLC
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19-Mar-2014
It's a common myth that a noncustodial parent can't claim taxes on their own child(ren). It's an understandable myth, though, as it's commonly held under federal tax law and divorce law that the custodial parent is permitted to claim that dependency exemption for all children applicable on the income tax return. It's not, however, known that even the noncustodial parent can ...
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