The new tax law has far reaching ramifications. Here are a few of the main ones that will impact divorcing couples. The tax treatment of California’s version of alimony, which we call Spousal Support, is changing dramatically. Right now, the spouse paying the spousal support is able to deduct it from his or her income, often significantly reducing taxes.
Surprisingly, whether you need a Living Trust does not depend on your net worth, but rather on your family structure, the kind of assets you have, who your beneficiaries are, and your goals for them. A Living Trust will give you maximum flexibility, control and [...]
If you are facing a divorce you may be experiencing feelings of sadness, guilt, anger, betrayal, fear, confusion, and worry about your children and your finances. You may be dreading a high conflict, long and costly court proceeding. While the end of your relationship may [...]
Not only is September 22 Elephant Appreciation Day, and the day the SF Giants clinched the National League West and a berth in the play offs, and the first day of autumn but it also marks another milestone in the annual calendar. It is exactly [...]