13 February 2013 0 Comments

Maximizing the value of the marital estate

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Many of the decisions you make during your divorce proceedings will have tax implications.  Taxes, when it comes to divorce, can have a significant impact on a property settlement.

Tax issues that could arise include:

·         Property – implications if the property is sold

·         Spousal support – court-ordered support is tax deductible for the payer spouse and must

be declared as income by the receiving spouse

·         Retirement accounts – Significant taxes and penalties will incur if you cash out your accounts

·         Stock options – Determine if they are qualified or non-qualified

If you are going through a divorce and have questions regarding how taxes will affect your situation, contact an experienced Riverside Divorce attorney who will focus on minimizing your taxes after divorce and maximizing the value from your settlement.

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