Tax Cuts and Jobs Act (TCJA) Ends Alimony Deductions after 2018

As if negotiating divorce settlements was not complex (and contentious) enough, the process is about to get even more complicated, thanks to a major overhaul of the tax code regarding alimony. Under the Tax Cuts and Jobs Act (TCJA), which goes into effect January 1, 2019, sweeping changes are set to upend 75 years’ worth of established rules regarding alimony — namely, that it…

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Debunking 3 Common Myths About Prenuptial Agreements

No one planning a wedding wants to think about getting divorced, which makes prenuptial agreements an awkward topic for most couples. Although these documents can protect your interests and prevent legal battles later on, many soon-to-be newlyweds hesitate, thanks to a number of widespread misconceptions. Below are some of the most common misunderstandings, and why everyone getting…

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