New Tax Law and Alimony

“Currently, alimony is taxable for the recipient but not the payer. The spouse paying the alimony can deduct it from income before the adjusted gross income is figured. (This is known as an "above the line" deduction.) The recipient then pays taxes on the alimony received. Going forward, however, this would be reversed: Alimony will be paid with aftertax dollars, and the recipient will not have to pay taxes on it.” The full article can be found here: http://news.morningstar.com/articlenet/article.aspx?id=844758

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Digital Divorce?

“British company the Co-operative Group — known as the Co-op — is aiming to make it easy for couples to split up, by offering customers a "digital divorce" service that can be completed in as little as four months. It means a couple can formally separate without having to leave home and avoid costly legal fees potentially involved when visiting a lawyer's office.” For the full article, please click here: https://www.cnbc.com/2018/01/16/cost-of-divorce-uk-company-offers-online-separation-service.html

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Common Divorce Mistakes

“Your divorce is personal and the facts and circumstances of others have very little to do with yours. Rely on your qualified team to help guide and assist you through the process.” Read more here: https://www.forbes.com/sites/michaelkay/2018/01/09/alleviate-divorce-pain-avoiding-common-mistakes/#4104eef7604b

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