Global Family Law Services
Though the April 15 tax filing deadline is now behind us, we know that it will come again. With that in mind, and while the matter is still top of mind, let’s discuss important tax issues that may impact your filings next year. I have previously discussed...
While uncertainty continues to plague the real estate market, historically, the spring and summer months have been the best times to sell a home. As we approach these warmer months, experts are optimistic that, despite housing inventory remaining at a near all-time low, mortgage rates will continue to decrease in 2024. For individuals looking to buy or sell real estate…
While the overall divorce rate has dropped in recent years, the Pew Research Center found the divorce rate among adults age 50 and older in the United States has doubled since 1995. Reflecting societal changes and shifts in personal priorities that challenge the conventional notion of “till death do us part,” this phenomenon, coined the “gray divorce,” poses unique opportunities…
Navigating the divorce process is often both emotionally and financially challenging. As part of the process, couples must divide their assets. While this often involves extensive legal and financial negotiations, and potentially even court involvement, there exists one option in structuring a property division that can yield positive results that benefit both the parties and their communities: charitable contributions. The…
As mortgage interest rates soar to a 22-year high, divorcing couples face yet another hurdle as they work to disentangle themselves from one another. With the average 30-year fixed mortgage rate exceeding 7%, divorcing couples must make increasingly complicated decisions regarding property division, housing arrangements and the overall financial stability for both parties involved. Divorcing couples often have an emotionally…
Couples sharing auto, health and homeowner’s insurance, or who have named each other as beneficiaries of life insurance policies, face the task of disentangling these policies if they choose to divorce or otherwise separate. As break-ups often bring out the worst in people, however, vindictive partners may try to weaponize these policies to cause harm or exert control over the…
Among the many issues that divorcing couples with children must face is one often worth thousands of dollars: who will claim the kids on their tax returns? As tax season begins on Jan. 23, let’s look at some of the child-related tax benefits that should be considered during a divorce. Child Tax Credit According to the IRS, the Child Tax…
It feels today as if inflation is everywhere. You read about inflation in the paper, hear about it on the news and feel it in your pocketbook. Just this week, Sept. 21, the feds raised rates the highest its been since the global financial crisis in 2008. In other words, rising inflation is impacting our lives in multiple ways. For…
ALEX KRUTCHIK | Cleveland Jewish News Going through a divorce can be one of the most stressful events in life. There are many ramifications both in your social life as well as your financial situation. This can be especially true for those who were married a long time and established a life together in older age. Jill Friedman Helfman, co-partner-in-charge…
By ALEX KRUTCHIK | Cleveland Jewish News The past year forced many people to face situations never experienced before. Because of COVID-19 lockdowns that swept the country for months, many people stayed with the person that lived in their house with them, whether it was roommates, parents or spouses. Because spouses were together nearly constantly, many theorized that divorce rates…