New York couples who are undergoing a divorce have a lot on their minds. One particular area they may not be considering is the tax consequences of their divorce. It's necessary to let each spouse understand any tax consequences that are a result of property division...
Month: April 2021
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Protecting a business before a divorce
When you have a business you own and are preparing for divorce in New York, you may be afraid that you'll lose your business to your spouse. Fortunately, there are steps you can take to protect your business. Start by forming an LLC, trust, or corporation, which you...
How to protect your foreign assets during divorce
Wealthy families often concentrate on inheritance or estate taxes, but divorce is now becoming a significant threat to the preservation of family funds. Affluent families may also face the challenge of accurately distributing funds to family members or assets in...