Family Law News and Insights

Why Worry About Community Property?

Published: Sep 15, 2018
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In the United States, there are nine community property states: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin. Additionally, Alaska, Tennessee and Puerto Rico are elective community property jurisdictions. If you are reading this and you do not reside in one of these states, you might have...

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Basis Of Grantor Trust Assets At Death: What Treasury Should Do

Published: Sep 07, 2018
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Two years have passed since Treasury and the IRS first announced that they were working on guidance relating to the basis of grantor trust assets at death.1 The project is apparently approaching completion — although Treasury's 2017-2018 priority guidance plan omitted projects not expected to be completed by the end...

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Because Divorce Wasn’t Rough Enough, Let’s Toss In Some Tax

Published: Aug 18, 2018
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Alimony and spousal maintenance have become a staple of most divorce proceedings. Making regular payments to an ex-spouse is a rough pill to swallow. In the past, the spouse making maintenance payments had a sliver of silver lining in the cloud: the payments were tax deductible for the payor and taxable...

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