Restricted Stock Units in Divorce and Child Support
How Restricted Stock Units Are Treated in Divorce and Child Support Providing restricted stock units (RSUs) to employees, in addition to salary and benefits, has become popular in recent years. This is popular in the San Francisco Bay Area among startup and high tech companies. Unlike stock options, which allow an employee to purchase shares […]
Divorce? How to Handle Your Wine Collection
Divorcing? Here’s How to Handle Your Wine Collection Are you getting a divorce and own a valuable wine collection? Many challenges arise whenever a divorcing couple has a valuable wine collection. The first challenge is how to physically handle it, to not destroy the taste of the wine nor damage the labels. The second challenge […]
How Is Spousal Support Calculated in California?
How Is Spousal Support Calculated in California? When a couple legally separates or divorces, the court may order one member of the couple to pay monthly spousal support. Individuals who were involved in a domestic partnership may similarly be paid partner support. The purpose of spousal support is to enable both members of the couple […]
Depreciation Deductions & Child or Spousal Support
How Do Depreciation Deductions Enter into Child or Spousal Support? If you own a business or a rental property, you are probably used to taking depreciation deductions. These are applied against your annual income on your federal and California state tax returns. These depreciation deductions lower your income for tax purposes. When calculating your income […]
Pitfalls to Avoid when you Sell or Keep Your Home After Divorce
Pitfalls to Avoid When Selling or Keeping Your Home After Divorce For many divorcing couples, their family home is the largest asset they hold in common. Deciding what to do with their home after divorce is an important financial decision, rife with potential pitfalls. The couple may decide to sell their home right away and […]
Watts Charges & Epstein Credits: Who Pays What?
Watts Charges and Epstein Credits Who Pays What Between Separation and Divorce? When a couple is in the process of getting divorced but hasn’t yet decided how to divide up their assets, the financial aspects of day-to-day living can get complicated. As an example, one member of the couple may continue to live in their […]
How to Retain Your Home’s Capital Gains Exclusion in a Divorce
How to Retain Your Home’s Capital Gains Exclusion When Getting Divorced If you are getting divorced and selling your home, you can still take advantage your marital capital gains tax exclusion. This blog post explains how. But, first, what is the home sales capital gains exclusion all about? If you own a home that has […]
How to Share in Your Ex-Spouse’s Social Security Benefits
How to Share in Your Ex-Spouse’s Social Security Benefits As a divorced individual you can share in your ex-spouse’s Social Security benefits, as long as you have been married for at least 10 years, and your ex has earned benefits. If this is the case in your situation, your ex-spouse’s Social Security benefits can be […]
No Alimony Deduction? You Can Still Minimize Taxes
No Alimony Deduction? You Can Still Minimize Your Taxes. Prior to 2019, individuals who paid alimony to their ex-spouse could deduct that amount from their income before paying taxes to the federal government. The recipient paid taxes on the alimony they received, but at their lower tax bracket. All of that changed for couples whose […]
Documents to Bring When Meeting with Your Divorce Attorney
Financial Documents to Bring When Meeting with Your Divorce Attorney When you are getting divorced, both you and your spouse must disclose your complete financial information. This information includes your income, expenses, liabilities, assets, business interests and other important financial information. Your divorce attorney will be able to help you understand your current financial situation […]