Law Offices of Barry I. Finkel, P.A.
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High Asset Divorce Archives

Ask your attorney how to make up for loss of 'alimony deduction'

Before U.S. tax-law changes took effect this year, the person who paid spousal support got to take advantage of the "alimony deduction." The payor of the alimony could deduct the amount paid, and the recipient had to claim it as taxable income.

Some employers are creating policies to aid divorcing executives

You are going through a divorce in Florida, and you know you need a team. This likely includes your friends and family as well as perhaps a therapist and/or support group. Your attorney is also a crucial member of your team. Have you thought to ask at your workplace about services that are available to you?

Is it easier to choose divorce when you're wealthy?

Despite how often people say that "money can't buy happiness," they often act surprised when wealthy individuals still have troubles in their personal lives. For instance, you often see celebrities and other rich couples head to divorce court, and people wonder how it could have happened when they didn't have any financial stress and really had everything -- materialistically speaking -- that they wanted.

What percentage of assets should stay-at-home spouses receive?

According to Forbes, about 25% of women are stay-at-home mothers. Among them are 10% of all American mothers who are considered to be "highly educated," meaning they have master's degrees or higher. As far as men go, approximately 7% are stay-at-home dads.

Cryptocurrency issues starting to creep into American divorces

It's easy to go to the ATM, enter your card and learn your bank balance. It's a whole other thing to figure out where your spouse might be keeping cryptocurrency - a digital asset, such as bitcoin - and how to access it.

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