Many people believe that trust funds are only for the rich and those who intend to gift millions of dollars. A trust fund could be right for you even if you want to leave a smaller amount to your family. A trust is an entity that...
Your contract may seem crystal clear on the day you sign it. Yet, months or years later, an issue arises, and some crafty lawyer enters herself in the equation. Then the contract is as clear as mud, and you are facing large legal fees. When drafting...
Congratulations! You reached some sort of deal, and now you need a contract. I’m sure you thought about contacting an attorney, and then you thought about the dollar signs attached to that call. Maybe the next thought is that you’ve seen a similar contract for...
If you are going through a divorce or contemplating divorce, your marital home is most likely one of your largest assets. Typically, one party retains use and possession of the home during the divorce, and seeks to refinance as a single person once the divorce...
The Tax Cuts and Jobs Act (TCJA) was signed into effect on December 22, 2017. For divorcing parents, parties should be aware of changes to dependency exemptions and child tax credits. Prior to the new tax reform, the dependency exemption reduced taxable income, and parents could...
Under the new federal tax law, signed December 24, 2018, alimony payments will have different tax consequences. Prior to the new tax overhaul, alimony payments were tax deductible for the payor spouse and taxable to the recipient. Now the spouse making alimony payments cannot deduct...