Attorney Retainers in Divorce

Save money in divorce Understanding how attorney retainers and fees work can save you money in your divorce! Everyone would like to save money in divorce and some things are in your control.  Today I was again reminded about how the average layperson does not understand the concept of an attorney retainer, which in Wilmington […]

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What is a Financial Affidavit in Divorce?

  There is a specific legal format for presenting financial information to in divorce court so that it is presented uniformly.  In most divorce cases, you and your spouse will have to prepare and file a “Financial Affidavit”.  (Note: Financial Affidavits are called different things in different states. For example, in New Jersey, it’s called […]

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Deductible Alimony Disappears in 2019

Deduction of alimony ends soon for new divorces One of the changes brought about in the recent tax reform act was the elimination of the ability to deduct alimony payments starting in 2019.  Under current law, alimony payments are deductible by the payor and taxable to the payee.  Alimony that is in effect, or goes […]

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Planning Divorce? Gather Financial Documents

Why it is so important to gather financial documents when planning divorce Thinking you might be divorcing or already planning divorce?  One of the worst positions you can be in when you are in the divorce process is having no access to the financial documents and being in the dark about your income and investments. What […]

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