BNY Mellon: How the Tax Cuts and Jobs Act Affects Divorce Settlements
Posted by Carlie Berke, CDFA®
May 3, 2018
The Tax Cuts and Jobs Act of 2017, signed by President Trump on December 22, 2017, made a number of important changes to the Internal Revenue Code, some of which either directly or indirectly relate to divorce.
Due to the speed with which the law was enacted, there are many uncertainties in the interpretation and application of the changes. However, family law attorneys and other advisors must be proactive in ensuring they understand how these changes may affect their clients, particularly as they concern alimony, exemptions and deductions that could impact their clients’ bottom line.
Want new articles before they get published?
Subscribe to our Blog.
*Your information will be kept private and not shared with any 3rd party.
Cost of Home Ownership
When considering home ownership, it is important for people to be realistic and fully aware of the total costs of home ownership.
Recommended Reading For Women About Divorce
Introducing a new book that provides supportive advise for women, education about the divorce process and how to set realistic expectations for the future.
Carlie’s Recent Podcast Interview on Divorce and Finances
Learn what you’ll need to know before getting divorced and who you’ll need to consult at which stage of divorce proceedings in this exclusive interview.
Your Money Advocate
We envision a divorce process that allows you to keep your money in your family by developing affordable, common sense solutions that are compassionate, straightforward and transparent, resulting in empowered decision making.
Getting Started
Contact Us
Office Hours: M-F, 9am-5pm
Call Us: 858-342-7756
Copyright © 2023 Your Money Advocate. All Rights Reserved. Site by Jolly Creative Agency. WebCare®