While most of the media focus on the new tax code changes has been elsewhere, if you are recently divorced or divorcing you may be interested to hear about the changes impacting spousal support. Specifically, beginning this year income tax on spousal support dollars will be paid by the payor, or the person ordered to pay support to a former…
If you haven’t heard about the competing tax plans proposed by Congress, you haven’t been reading the news. Just as soon as the House of Representatives released their proposed tax plan, the phones started ringing at the offices of domestic relations lawyers throughout the country. Currently, alimony – which is more appropriately called “spousal support” in Ohio – is considered…
This article originally appeared as a column for the Cleveland Jewish News. Ah, wedding season! Love is in the air! You’ve found the perfect clothes. You’ve found the perfect venue. You’ve designed your chuppah, refined your guest list, and made your meal selections. Only one thing left: sign the prenuptial agreement. Or should you? While often associated with high net…
This article originally appeared as a column for the Cleveland Jewish News. In helping divorcing clients, we very frequently encounter marriages in which one spouse has been the primary breadwinner. Sometimes the other spouse has stayed home to raise the children, or perhaps works only part-time. Sometimes both spouses work full-time, but one of them is in a much higher…
Recently the Pew Research Center released a study that determined that in 40% of American households woman were the primary breadwinner (Associated Press, 5/29/13.) Had the people at Pew asked an experienced family law attorney, they would not have needed to conduct the study in the first place. The study confirmed what those of us “in the know” already know;…
Often, the law resolves legal questions a certain way simply for the sake of resolution. Yet, people could make good faith arguments as to the fairness of the underlying issues. A perfect example of this is how Ohio courts divide marital property. The law presumes that property acquired during the marriage was accumulated due to the joint efforts of both…