Menu Contact
Law Offices of Lisa A. Ruggieri
Schedule A Consultation 781-489-3759

Taxes: a likely discussion topic during the divorce process

We have noted many times in past select blog posts that divorce in Massachusetts and elsewhere is never a typical or boilerplate process. Every dissolution is different, because every family is unique.

Having said that, though, it is certainly true that a few core considerations rise to prominence in many cases. Legions of couples have kids, of course, which obviously pushes to the fore concerns relevant to child custody, visitation and parenting plans. And spousal and child support understandably rise to a high level of importance in many divorces. So, too, does equitable property distribution and related financial matters

In the midst of all those considerations, it is unsurprising that some couples fail to duly note the outsized role that taxes often play in divorce. Indeed, many couples reportedly don't think much -- if at all -- about tax matters when they seek to untie the marital knot.

As one tax/business commentator in a recent Forbes article notes, tax is emphatically one area on which divorcing parties should be focused, and keenly so.

That contributor to a special Forbes forum notes that, "Taxation issues are an essential aspect of most divorce cases and must be carefully handled prior to the dissolution of marriage."

Indeed, tax issues seemingly abound in the divorce arena. The IRS dependency exemption for children is a key matter, for example. So, too, is alimony, which is income for the recipient and deductible for the payer. QDRO court orders must be requested in order for retirement account allocations to take effect without tax consequences. So-called "unallocated support" for a lower-bracket divorced spouse can lower a divorced couple's overall tax liability through legal income shifting.

Those and additional matters will be considered by a proven family law attorney in the divorce process. Experienced legal counsel knows how fundamentally important tax issues can be in a divorce, and will be sure to timely and fully address them.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Contact Our Law Firm

To make an appointment, call 781-489-3759 or send an email to schedule an initial consultation. We serve clients throughout the Boston area. Our firm can take your call 24 hours a day and meet with you during business hours, evenings and weekends. For your convenience, we accept Visa and MasterCard.

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

Location

27 Mica Lane, Suite 101
Wellesley, MA 02481

Phone: 781-489-3759
Phone: 781-239-8984
Fax: 781-239-8986
Wellesley Law Office Map

Law Offices of Lisa A. Ruggieri

Phone/Fax

781-489-3759 781-239-8986 - Fax