North Carolina Divorce Law – Raleigh Divorce Lawyer
Divorce Laws, Forms, Calculators, and Family Law Help
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 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 to how the federal tax code treats child support payments. The IRS […]
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Tax-Free Transfers 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 spouses to identify and consider relevant tax consequences that can occur when dividing assets and […]
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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 takes place incident to divorce to be tax-free. Thus, a lump sum payout from a […]
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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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Alimony is money paid by one spouse to the other spouse, after separation, in order to provide the receiving spouse with support. Alimony is also sometimes referred to as spousal support, financial support, subsistence, upkeep or maintenance. Regardless of which term is used in your court order or separation agreement, the same tax implications will […]
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Are you prepared for a marital emergency? Can you hide money from your spouse in a secret account? Lee Rosen, retired divorce attorney and founder of the Rosen Law Firm, discusses. Should I keep a secret cash stash? Transcript Hi, I’m Lee Rosen. Should I keep a secret cash stash? Putting money in a secret account. […]
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I don’t think my assigned judge is being fair. What are my rights? Lee Rosen, retired divorce attorney and founder of the Rosen Law Firm, discusses your options. Can I Get a New Family Court Judge Transcript Can I get a new family court judge? This is a question that comes up a lot. In North […]
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Appeals are not possible on temporary hearings. So, for instance if you’ve just lost a temporary child custody hearing then no, you can’t appeal that.
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Dividing the Property is often one of the biggest issues in divorce. Property Distribution can be decided by a judge or by an agreement put into place by you and your spouse. In this video, retired divorce attorney and Rosen Law Firm founder Lee Rosen discusses the factors involved in Property Distribution in North Carolina. […]
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