Divorce Tax Planning and Financial Consulting

We understand how couples going through a divorce or separation face many monetary and property issues in addition to the emotional aspects. How these matters are resolved generally has long-term implications and can dramatically impact your future financial well being.

This letter is to let you know that we have expanded our services to include divorce tax planning and consultation. We are well trained in divorce taxation and marital property issues and can assist you with expert tax advice on issues relevant to a divorce or separation.

The tax issues of divorce can be complex. Without proper planning, a seemingly equitable property settlement can become a disaster because of the underlying tax consequences. For example, the division of retirement plan assets requires careful compliance with the tax rules to ensure the spouse receiving the retirement funds is taxed on the income. Furthermore, there are different rules depending on whether the retirement assets are in an employer plan or inside an IRA. Similarly, considering the tax bases of the spouses’ assets and the future tax consequences from the sale of those assets is critical to ensuring the most equitable property settlement possible.

A tax review of spousal support and child support provisions will ensure that these are properly treated for tax purposes and that your intentions are carried out. In addition, there may be planning opportunities that will provide you the most tax advantageous means of paying or receiving these amounts.

We believe a thorough review of the tax implications of divorce is essential to identify planning opportunities and avoid unwanted tax results. I would like to meet with you to discuss how our divorce tax expertise can add value to your divorce team of professionals. Please call to arrange a convenient time.