If you are planning to divorce in 2019, the new federal income tax law that took effect with the 2018 tax year includes some changes that could change the course of financial negotiations. Since 1942, alimony, called maintenance in Washington state, had been...
The Law Firm Where the Family is our Focus
Month: November 2019
How Can Separate Property Best Be Protected in a Divorce?
A recent Bank of America survey shows that 28 percent of married millennials keep their finances separate, compared with 11 percent of Gen Xers and 13 percent of baby boomers. Why the dramatic increase? Perhaps millennials were sobered by living through the hardships...
Protecting Your Retirement During Gray Divorce
If you are over 50 and thinking about divorcing your spouse, you are not alone. So-called gray divorce is growing. The number of people divorcing after age 65 has more than doubled since 1990, according to the Council on Contemporary Families. People in this age...