Deitch & Perone, P.C. | Attorneys At Law
Monmouth & Ocean County Area
732-440-9887
Union & Middlesex County Area
908-264-2067

July 2018 Archives

Changing tax laws affect divorce negotiations

Tax laws that go into effect with the new year in 2019 could have a major impact on divorce settlements for New Jersey couples who decide to end their marriages. As part of the Tax Cuts and Jobs Act passed at the end of 2017, changes were introduced that effect how spousal support payments are taxed. The changes could have a particularly significant effect on divorce negotiations for wealthy couples, as the tax impacts are magnified in cases involving significant sums of money. As a result, many couples are scrambling to finalize their divorces before the changes go into effect. Any divorce finalized on or before December 31, 2018 will not be affected by the changes.

Preparing financially for divorce

Divorce in California presents challenges to the people involved, both financially and emotionally. The emotional difficulty may be unavoidable in many ways, but being proactive about finances before and during a divorce could make things much easier going forward. Here are a few things people can do to help prepare financially for divorce.

Learn How We Can Help

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Email Us For A Response

Our Office Locations

Deitch & Perone, P.c.
265 Highway 36
Suite 203
West Long Branch, NJ 07764

Phone: 732-440-9887
West Long Branch Law Office Map

Scotch Plains Office
1812 Front Street
Scotch Plains, NJ 07076

Phone: 908-264-2067
Map & Directions