Divorce

Yes, hiring an appraiser is important during divorce

On behalf of Philip A. Greenberg, P.C., Attorneys at Law posted on Friday, May 24, 2019. When you're going to get a divorce, one of the things that you should do is have your assets assessed for their values. While you know what you purchased certain items for, their values may have changed over time. Certain assets must be appraised, including homes, rental properties and businesses. Other items, like artwork or antiques, may also be worth more than you expect, so seeking an appraisal is a good idea. Who should get an appraisal on your marital assets? Both you and your spouse should [...]

Yes, hiring an appraiser is important during divorce2019-05-30T14:39:18+00:00

Changes to tax laws impact divorce settlements

On behalf of Philip A. Greenberg, P.C., Attorneys at Law posted in Divorce on Thursday, April 25, 2019. In 2019, tax changes have significantly impacted divorce settlements. In 2018, it was announced that alimony would be taxed, and that meant that anyone who finalized a divorce in 2019 would face new tax liabilities. The spouses who pay alimony can't deduct alimony on their taxes any longer, and those who receive it don't have to claim it as income. Unfortunately, taking away the tax break has impacted people's alimony payments and made it harder to arrange alimony during a divorce. Of course, not having this tax [...]

Changes to tax laws impact divorce settlements2019-05-04T20:48:22+00:00