North Carolina Divorce Law – Raleigh Divorce Lawyer
Divorce Laws, Forms, Calculators, and Family Law Help
Opening a Retirement Account Generally speaking, upsetting a retirement account before it is permissible to do so can result in a major tax penalty. However, when couples divorce dividing retirement accounts is inevitable. If the retirement account is a qualified employ plan, such as a 401K or pension that receives contributions from the employer, a […]
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Most people are familiar with the concept of an expert witness. On television and in film expert witnesses can take the form of an accident reconstructionist, arson expert, physician or some other professional. Experts are a staple in litigation and are often used when a dispute exists. So will you need an expert witness in […]
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Child support payments are never taxable nor deductible. There are, however, several other tax implications that take effect upon separation that deal with children. Arguably the most important child related tax consideration is the dependency exemption. The exemption, similar to a tax deduction in operation, reduces a person’s taxable income by a set amount. Parents […]
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How custody and support can impact your tax situation Children and taxes details are important to know when going through divorce. Separation and divorce trigger numerous tax consequences; some of the tax rules related to divorce are straight forward, while others can get fairly complex. One of the more simple rules to understand, however, relates […]
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Tax-Free Transfers Property division and taxes details are incredibly important to know when going through a divorce. The tax implications of dividing marital property can create a bit of a headache. Most couples have multiple types of property; personal property, real property, investment and retirement accounts, and even business interests. It is crucial for both […]
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Understanding Property Division Property division and taxes basics. What is there you need to know? Upon the dissolution of a marriage, all marital property will have to be divided amongst the spouses. The dividing of most assets will not trigger a tax event; the IRS has created a rule allowing for any spouse-to-spouse transfer that […]
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There are important tax implications to consider regarding those paying or receiving alimony. If alimony is going to be at issue in your divorce, you certainly want to be aware of these implications as they can have a serious impact on your negotiations. Terminology As an initial matter, “alimony”, simply refers to money that one […]
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Post Separation and Child Support Interrogatories
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