Divorce Tax Considerations

By |2023-05-30T13:20:09+00:00August 13th, 2020|Divorce Process, Legal Issues|

In a divorce, everyone walks away with fewer assets and less property than they had beforehand. If you go to court, the process can also be quite costly.  You may be wondering if there are any tax breaks that you and your spouse can take advantage of.  Here is what you need to know. Property Transfers There are some tax breaks to be aware of if you transfer property from one spouse to another as a part of your divorce [...]