The tax laws and different rules and regulations are vast when it comes to the division of assets during a separation or divorce. Although, a simple division of property seems to be easiest, very often tax inefficiency comes into play when couples try to take the easy, 50-50 approach.
Take the time to educate yourself and be sure to hire the appropriate professionals that will guide you not only from the legal standpoint, but also with respect to the financial and tax planning side when it comes to your upcoming separation agreement.
In this video Deanna visits with Tracy Kendel from Fairway Divorce Solutions to discuss some of the most important factors when considering the separation of assets and the planning of a separation agreement.
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Women get the goldmine men get the shaft
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Lol, the lady asking the questions has a ring. I wonder if this was for her husband
I agree to have a mother the my child
This made no common sense to modern problems. Visa. Lin’s. Mortage payments. Cell phones. All the normal shit not just huge dollar amounts .
Good to know
what do you if there is no pension involved and the house its worth less than 100k?
What about joint savings and liquid investment accounts that can be sold or transferred by either party? How is that protected during a separation? Divorce can take a very long time and It just seems like that should be divided before the divorce or the lawyers. She seems like a reasonable person now, but sure that will change quickly. It would be great if we could set it up so no major moves or transfers could be done unless joint. Also what happens when in 6 months massive spending has happened like never before?
Give the bank back the house fk it. No one gets shut
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I just stumbled across this video. "each spouse walks away with equal net worth" is a joke. How about accounting for efforts put in? I was married for 20 years. My now ex wife had no interest in working, so she didn't. I carried her financially for 20 years. She sat home an relaxed while I went to work week after week all those years. No financial compensation for the work I did at home over the years from house maintenance, child rearing etc. But all of this counts for her. Now, I'm supposed to feel sorry she doesn't have income. No respect for me or the money I earn. She became the type of woman that doesn't want to look at price tags, just buy it if you like it. I can't get far enough away from her because the law is looking to keep her in my pocket. You should work if you want to earn money, not get it just because you need it. How about I sit home for the next 20 years and she works and pays me?
A half million dollar pension is worth much more than a half a million at the time of withdrawal. I'm glad she's not my attorney.
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They talk about pension taxes vs the value of a house but when you sell you have capital gains tax and selling fees. I would think that they would cancel themselves out.