Collaborative Divorce and Its Benefits

Separation

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  • The IRS Marriage Penalty

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  • When Relationships Go Bankrupt, the Obligations Do Not

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  • Changes For Same-Sex Couples Since Obergefell

    Since the Supreme Court decision in Obergefell v. Hodges in mid-2015, the legal landscape has undergone seismic changes with regard to the rights and responsibilities of same-sex couples. From  tax laws to estate planning, same-sex couples must revise and conform their plans and thinking to the new reality, which sometimes  can be more difficult than one might think. Tax Law Issues One of the primary changes for same-sex couples in the wake of the Obergefell decision is how to deal with income tax filing. After the 2013 decision in U.S. v. Windsor, same-sex couples were permitted to file as married (whether jointly or separately), but after Obergefell, they are now entitled to the same tax breaks and exemptions as heterosexual couples. This can even add…

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    As Americans prepare for tax time, all the usual questions begin to mount. Should we file jointly or individually? Do I need to itemize? Can I claim that deduction? But for some Americans, the questions get even more complicated. Divorcing couples also have to think about a host of added concerns. When speaking with your divorce lawyer, here are just a few things you should know, especially if you have recently gotten divorced in 2015 or are in the middle of a divorce that you anticipate will be finalized in 2016. Should you file jointly? First, you must consider whether you can file jointly. According to the IRS, you may only file as married filing jointly if you were still legally married as of December…