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 […]

Separating? How should you file taxes with your ex-spouse?

Separating? How should you file taxes with your ex-spouse? If you are separating from your spouse and not yet divorced, how you file your Federal and State of California income taxes is an important financial decision to make. It can also be confusing and complicated by the stress of your separation. As long as you […]