Tax Aspects of Family Law
For most individuals, a dissolution of marriage (divorce) is one of the most traumatic experiences that they may go through in their lifetime. Unfortunately, most individuals do not understand the tax consequences a divorce may generate. Tax consequences of a divorce are mixed issues of law and fact. Matters of where the parties children live, how much spousal support will be paid, and allocation of attorney fees may have significant tax consequences to each party in a divorce.The timing of the division of real property, pension and employee benefit plans, business assets, securities, and marital and business debts may have significant income and estate tax consequences. Consequently, if you are involved in a divorce proceeding, or you will soon likely involved in a divorce proceeding, you should consider having a competent tax attorney analyze your situation to advise you of a tax strategy which could ultimately save you a considerable amount of money and perhaps actually help your divorce position. If you are involved in a divorce proceeding, the attorneys at the Law Offices of Stephen Moskowitz, LLP want to help protect you from incurring a needlessly large tax liability that you may incur as a result of a divorce.
Please consider the advantages of allowing our law firm to represent you in both your tax and family law matter. We want to coordinate both the tax and family law cases to attempt to provide benefits by coordinating both cases.
