On behalf of Kaspar & Lugay LLP posted in blog on Wednesday, February 7, 2018. If you have children and are thinking of filing for divorce, you'd be smart to do it now. Divorcing parents can deduct alimony payments through 2018. Under the new Tax Cuts and Jobs Act, the deduction will disappear in 2019, drastically affecting how alimony is handled in a parent's tax returns.
On behalf of Kaspar & Lugay LLP posted in blog on Thursday, January 25, 2018. Even though retirement plans can be one of the most beneficial things about a marriage, many spouses forget about or overlook retirement plans during the process of divorce. Spouses are especially prone to overlooking retirement plans when they're going through the divorce process years or even decades before retirement. If you're currently in the process of divorce, here is some information about why you should not overlook the importance of a QDRO. A qualified domestic relations order refers to a special court order that provides an individual with the right to...
On behalf of Kaspar & Lugay LLP posted in blog on Monday, January 22, 2018. A recent survey revealed that 40 percent of respondents claimed to be in an unhappy marriage. Twenty-five percent of respondentssaid they would stay in their marriage because of the children. As a culture, we are afraid of the effect of divorce on children, and perhaps more afraid of the effect of our relationship with children after the divorce. Children are concerned about those relationshipsas well. You are right to be concerned about the kids, yet you can still go through the process if you remain are mindful and help them with some common...
On behalf of Kaspar & Lugay LLP posted in blog on Wednesday, December 27, 2017. Privately owned businesses are frequently considered a part of marital estate when it comes to married couples in the process of divorce. Usually, a formal business valuation is needed to obtain the value of a privately owned business. Unsurprisingly, business valuations are almost always complicated. However, in some cases, "double dipping" can make the valuation process even more complex.
On behalf of Kaspar & Lugay LLP posted in Spousal Support on Thursday, June 22, 2017. If your spouse made significantly more money than you did over the course of your marriage or you forwent a career in order to take care of your children, you might be concerned about your finances after your divorce. You wouldn't be alone either.
On behalf of Kaspar & Lugay LLP posted in Spousal Support on Tuesday, May 9, 2017. If you're a high-asset individual and you're going through a divorce, you may find yourself asking questions you've never considered before. That's because you know your finances are going to change drastically after property division is all said and done. You may even be required to pay alimony. All of these changes can add up, affecting one major thing in the process: your tax filing.
On behalf of Kaspar & Lugay LLP posted in Child Custody and Support on Wednesday, March 29, 2017. From Facebook to Instagram to Twitter - these 21st Century platforms provide the ability to see inside the daily, private life of an individual like never before. A follower can see photos or videos of an individual's recent trip abroad, a new baby-even a new haircut-on these social media sites.
On behalf of Kaspar & Lugay LLP posted in Divorce on Wednesday, March 22, 2017. Many parties facing divorce often have questions and concerns about alimony, also known as spousal support or spousal maintenance. Will I have to pay? How much will I be responsible for and for how long?
On behalf of Kaspar & Lugay LLP posted in Same-Sex Divorce on Tuesday, January 31, 2017. Same-sex couples are allowed to marry and divorce in California. Unfortunately, despite the legality of it, same-sex divorce can be very complicated, even more so than other divorces. Here are some of the big challenges you should consider if you are heading into a same-sex divorce.
On behalf of Kaspar & Lugay LLP posted in Same-Sex Divorce on Friday, July 31, 2015. Unless you have been living under a rock for the past month you are no doubt aware that the Obergefell v. Hodges decision guarantees same-sex couples the fundamental right to marry by both the Due Process Clause and the Equal Protection Clause of the Fourteenth Amendment to the United States Constitution. Interestingly enough, this decision now gives same sex married couples the right to legally divorce, as well as all of the other benefits that opposite sex married couples have enjoyed forever. So with respect to marital dissolution...