divorcing couples

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Update on Divorce and Tax Law

Now that the new tax law is official, this is what it means for divorcing couples: First of all, alimony or maintenance as we call it in New York, will not be deductible by the payor for any agreement executed after December 31, 2018. Note that the divorce judgment does not need to be signed—only [...]

By | 2018-10-15T15:51:12+00:00 January 5th, 2018|Divorce Law|Comments Off on Update on Divorce and Tax Law

What is a Waiver of Estate Rights?

In New York, your spouse has something called a right of election. What this means is that no matter what you want to leave them in your will, they have a right to $50,000 plus one third of your estate. So for instance if you die with a will leaving your spouse out because perhaps [...]

By | 2018-10-15T15:54:45+00:00 June 15th, 2017|Divorce Law, Estate Planning|Comments Off on What is a Waiver of Estate Rights?