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Home2011April 2011 - Daniel Clement

Bottom line- money  disputes fuel divorces.   While the parties fight for every penny in dividing the marital assets, the parties often fail to tax impact their settlements.  The failure to consider taxes could “steal defeat from victory.”   Here are five tax tips that should be considered before entering into a divorce settlement 1.While two...

There is now some uncertainty as what required in order to obtain a divorce when New York’s “no fault” ground is contested.  A no-fault divorce will be granted in New York when, “The relationship between husband and wife has broken down irretrievably for a period of at least six months, provided that one party has...

CNBC aired a show the “Divorce Wars” about high net worth divorces.   From the broadcast, as reported by Melissa Francis,  five distinct lessons emerge about divorce. 1. Cheating Does Not Matter. All states, including New York,  have some form of no fault divorce.   As a result of no-fault divorce, adultery and other fault grounds are...

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