Law Offices of Matthew S. Schultz, P.C.

High-Asset Divorce Archives

The rich take a different approach to divorce

Jeff Bezos and his wife had assets worth about $137 billion at the time that they announced their divorce. Therefore, their divorce is going to look different than the ones most Arizona residents might go through. The most important question that will need to be answered is how the couple will divide their joint assets. In Washington, they are divided 50/50, which means that each would walk away with about $65 billion.

How tax changes could complicate gray divorces

Couples in Arizona 50 and over who choose to end a marriage understandably have many concerns, but one of the most pressing ones is often retirement security and savings. However, the Tax Cuts and Jobs Act of 2017 will change how certain assets are divided starting in 2019. The most noticeable adjustment to tax guidelines concerns alimony. Spousal support payments will no longer be deductible by the paying party or claimable as income by the recipient.

How tax reform can affect a divorce

Arizona couples who decide to divorce may see their financial plans affected by the Tax Cuts and Jobs Act, which passed Congress and was signed into law into December 2017. The financial aspects of divorce may outweigh the practical and emotional consequences of the end of a marriage, and this can often be the case when taxes are involved. One of the most significant changes put in place by the tax reform bill essentially reverses how alimony and spousal support payments are treated in the tax code.

The importance of a family business valuation during divorce

Every divorce in Arizona requires full disclosure of marital assets before proceeding with the property division process. When a marital estate includes a family business, the process becomes more complicated. A current valuation of the business must be completed. The couple will probably need to retain an independent party who can to examine the books and other assets to establish the value.

Survey highlights money surprises that hit women during divorce

Women in Arizona contemplating divorce might need to brace themselves for unexpected financial issues. A survey of 1,785 women found that 46 percent of them had experienced financial surprises when ending their marriages. Part of the problem arose from the high number of women who had not taken part in the management of marital finances.

Divorce in 2018

Arizona residents who are considering getting a divorce should be aware that the new tax laws could impact the financial outcome of a separation. Couples should consider certain factors before deciding whether it would be prudent to obtain a divorce in 2018 or wait until the next year.

Proactive steps to make divorces less painful

When couples in Arizona decide that they want to get divorced, it is important for them to take proactive steps to make the process less painful. With careful planning, spouses might be able to reduce the financial and emotional costs that divorce can bring.

How do you cope with a divorce during the holiday season?

While most people in Arizona are getting into the "holiday spirit," there are some people who may be having a more difficult time than others - those who are going through a divorce during the holiday season. A recent article, acknowledging the difficulty that some people may experience at this time, attempted to help those individuals with a specific question: How do you cope with a divorce during the holiday season?

Can science predict who will get a divorce?

Studying a social compact as significant as marriage has long been a favorite pastime of sociologists and psychologists. The intimate, personal relationship between a husband and wife can be fertile ground for getting a read on how the human mind works. But, can science predict which married couples will ultimately get a divorce? According to the data compiled by various researchers, the answer may be "yes."

What to expect in a high-asset divorce in Arizona

We all face situations in life when we might have unrealistic expectations about what is going to occur. Sometimes, the best we can do is "hope for the best and prepare for the worst," as the old saying goes. But, no one wants to go into something as serious as a high-asset divorce with nothing but hope to count on. The right information is crucial in order to attempt to ensure that you achieve your goals in the divorce process.

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Law Offices of Matthew S. Schultz

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