Dividing Retirement Accounts in Divorce
Dividing Retirement Accounts in Virginia Divorce One of the biggest assets that we divide in divorce are retirement accounts. Whether we’re talking about IRAs, 401(k)s, 403(b)s, pensions, stock options, TSPs, or any other type of account, if they were earned during the marriage, they’re marital property and subject to division in any action for divorce….
Filed under: Blog Tag with: 401(k) | divorce | marital property | marital share | pension | qdro | retirement | taxes | thrift savings plan
Tax Consequences in Virginia Divorce in 2020
Tax Consequences in Virginia Divorce I’ve written about tax consequences in divorce before, but alas – the law has changed again! It happens, from time to time, which is part of why it’s so important to be sure of where you’re getting information when you search for it online. You need to make sure that…
Filed under: Uncategorized Tag with: child support | house | marital residence | pendente lite | spousal support | taxes
Virginia Spousal Support: New Tax Laws
Spousal support is a pretty loosey goosey area of law anyway; though there are “guidelines” we can use to calculate an appropriate level of spousal support, those guidelines aren’t binding on any of the courts in Hampton Roads. So, unlike child support, spousal support amounts (and more than that, the duration of a spousal support…
Filed under: Uncategorized Tag with: divorce | income | separation | spousal support | tax deduction | taxes
Taxes in Divorce
I’m not a tax attorney. In fact, if I’m being 100% honest, I really don’t know all that much about tax law, except that it is complex and constantly changing. As a family law attorney, though, sometimes tax related issues come up in my practice. Though I don’t pretend to understand everything about tax law…
Filed under: Blog | Divorce | General | Library Tag with: child support | divorce | mortgage interest deduction | spousal support | taxes | virginia
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