Divorce, like marriage, is taxing.
The sweeping new tax law that President Donald Trump signed in December could soon make paying alimony more expensive for some members of the roughly 800,000 couples getting divorced each year, according to government data. And divorce attorneys say that’s spurring a spike in clients considering divorce this year, thinking they might want to get it done before the new alimony provision takes effect in 2019.
“The people who have been on the fence, now knowing the tax law is coming into effect, is causing them to take the plunge. We have been getting plenty of calls [from them] …,” says Adam D. Citron, senior counsel at New York-based Davidoff, Hutcher & Citron. “For many, this was the final nail in the coffin.” Across the country in California, Jennifer Riemer, a partner in Walzer Melcher, is seeing the same thing. The alimony change has “definitely had an effect,” she says. “Clients who are even a little bit financially savvy have been asking about it.”
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
Just another way for men to get screwed by marriage. Another reason why many Men are Going Their Own Way (MGTOW), marriage just isn't worth the risk anymore.
ReplyDeleteHere's a crazy concept for you, don't marry someone you don't trust. SAD
ReplyDeleteMaybe CNN is right...cuckolding will be on the rise.
ReplyDeleteIf you don't want to be married get a divorce. For heaven's sake don't let a tax law get in the way of divorcing or not the person you married and loved.
ReplyDeleteDivorce is too easy today. I could never get a divorce. Married 50+ years. Need to work at keeping together. There was a reason you married your spouse.
I'm gonna miss hillary
ReplyDeleteKeep the Govt OUT of marriages ....it is only to make $$
ReplyDeletefor them & the lawyers.
Just Live together & split if you want , without all the
legal mumbo jumbo & high costs !! Change the Laws !!