Transfer Taxes
Last month, we wanted to know the tax consequences to a hypothetical couple of their proposed agreement that husband transfer his interest in a townhouse to wife prior to their execution of a separation agreement, and that wife transfer her membership interest in the company to husbandprior to execution of such agreement. The discussion concludes herein.
Practice Tip: Heart Health and Divorce
A recent study of more than 3.5 million Americans revealed that divorced couples are more likely to suffer from heart-related health problems as compared with their married counterparts.
Dividing Retirement Plan Assets in a Divorce
The first or second largest asset in a marital estate is one or both spouses' retirement plans. Therefore, a mistake made in dividing these assets in a divorce could be very costly for one of the spouses.
Adopting an Adult
This article focuses on one of the nuances of adoption law that is becoming increasingly relevant in the United States, the adoption of adults.
Transfer Taxes
When negotiating the distribution of marital property, tax consequences must always be taken into account. There are federal, state and local taxes to consider. Leaving any of these out of the equation, particularly when the divorcing couple is wealthy, can mean that assets from which the parties might have benefited are lost to the tax man.