With Strength And Compassion
Powers Kerr & Rashidi, PLLC
Alimony payments are part of the final settlement in many complex divorces. A recent study by the IRS has uncovered major discrepancies between alimony deductions and alimony payments on 2010 federal tax returns. According to IRS rules, alimony that is paid to someone under a high asset legal separation or divorce agreement can be used as a deduction from a person’s income…
When a couple is involved in a complex divorce, there are usually a number of financial assets that need to be divided up between the two. However, financial advisors recommend that people who are involved in high asset divorces really examine the actual worth of the asset they are fighting for or willing to concede to the other party during negotiations.…
If you are involved in a complex divorce, you may find it necessary to hire a private investigator. There are several reasons why this could be beneficial to your case. One reason may be because you suspect your spouse is cheating on you. A private investigator can help uncover infidelity which can then be used during divorce negotiations for issues such as…
According to National Endowment for Financial Education, one-third of people admit to financial infidelity in their marriage. Income, bank accounts, purchases, cash, and other financial information are just some of the items that may be hidden from a spouse. Not only can this have consequences on a marriage, it can also have a direct bearing on any complex divorce settlements should…
Statistics show that half of all marriages end in divorce. And according to the Humane Society, 62 percent of households in this country have pets. For many divorcing couples, those pets become part of complex divorce settlement negotiations, and can often turn as contentions as child custody disputes. A survey conducted by the American Academy of Matrimonial Lawyers (AAML) revealed an increase…
A survey conducted by researchers from Tilburg University found that the more power someone has, the more likely he or she is to commit infidelity. Usually, the more power and success a person has, the larger the marital estate is, with many sources of high asset revenue. This is particularly important in a complex divorce where division of those assets…
Unlike simple divorces, where negotiations regarding divorce settlement can wrap up fairly quickly, high-asset divorces or other complex divorce issues can require a great deal of investigation and research in order to get the best settlement possible. As spy technology has become increasingly sophisticated and easier to use, more people are utilizing that technology to help build their divorce case. Individuals who…
An increasing number of couples are trying to negotiate complex divorce settlements and are turning to divorce financial planners. Many attorneys representing wealthy clients in these high asset divorce negotiations are recommending the clients consult with financial planners before finalizing their divorce settlements. Quite a few financial planners are adding divorce planning to their list of specialties. According to a survey…
Arguments in marriage are inevitable. In fact, arguing can often be quite healthy, as a way to air differences that may be building up. Arguing is also a way to for couples to reinforce their intimacy, knowing both are able to disagree and compromise, yet still love one another. However, arguments that seem to continue and never get resolved are…
Under Section 215(a) of the Internal Revenue Service Code (IRC), the definition of spousal support for tax purposes is any cash payment which falls under the following: Spouses do not file joint income tax returns with each other; The divorce or written separation agreement does not state that the payment is not alimony; If legally separated or divorced, the spouses do not…