Tag Archives: divorce

February 3, 2019

Tax Planning – Bonuses Gone Bad!

It is important to review and discuss tax planning for the year in which a divorce was completed, especially for high earning individuals who receive incentive compensation and plan to be divorced by December 31, 2018. As part of the Continue reading…

January 20, 2019

Splitting Investment Income on Tax Returns

When a joint investment account is divided, the financial institute will use only one Social Security number to report the earnings and thus only one 1099 will be issued for that account. For example, following their divorce, Dick and Jane Continue reading…

March 18, 2018

Counselling at Law

I am a Counselor at Law. I have been for more than 37 years, although I’m not sure how valuable my counsel would have been then. Today, most of the questions I’m asked center around divorce. -My wife/husband wants a Continue reading…

February 3, 2018

Should Your Spousal Support Increase with the Cost of Living?

Spousal support that lasts more than a couple years may be subject to cost of living adjustments (COLAs).  This is negotiated as part of your divorce settlement. As the cost of living goes up, spousal support can increase as well, Continue reading…

January 6, 2018

The House Decision

Divorce has a way of completely upsetting one’s expectations for the future.  One day things are moving along just fine, and the next you are making decisions that will impact the rest of your life.  One of the big decisions Continue reading…

June 19, 2017

Considerations on the Cost of Divorce Part I

So, You Are Getting Divorced: Considerations on the Cost of Legal and Professional Services Part I In this two part series, I will address the Challenges in accurately estimating legal and professional fees in Part I, and will offer thoughts Continue reading…

June 12, 2017

How to Avoid the Divortex – Part 2

In Part 1, vortex was defined as: 1) a whirling mass of water or air that sucks everything near it towards its center; 2) a place or situation regarded as drawing into its center all that it surrounds, and hence, Continue reading…

January 20, 2017

Should I Stay or Should I Go? The Tax Impact of Selling Your Home During Divorce.

 When divorcing, whether one spouse stays in the family home is often a pivotal decision.  For most, there are several considerations that go into deciding whether to sell or stay.  The tax impact of selling the marital home is unlikely Continue reading…

October 4, 2016

Leaving Litigation Behind

A collaborative law colleague recently wrote a lovely piece in the Boston Globe describing his reasons for leaving his litigation practice behind and representing clients only in alternative dispute resolution processes. His article resonated greatly with me. I too left Continue reading…

September 6, 2016

A Reluctant Spouse

As many know, because Minnesota is a no fault divorce state, one spouse not being ready does not need to stop the process from moving forward. The ready spouse can file for divorce and the process moves on in court Continue reading…