Hartley, Maxwell, & Castellano Attorneys at Law
Let Us Help You. Call Today. 805-232-5808
Let Us Help You. Call Today. 805-232-5808

July 2018 Archives

Alimony payments to be taxed beginning in 2019

Many Americans are well aware of the new tax reforms under the Tax Cuts and Jobs Act. One detail of the law that directly affects family law and divorce is that money paid to alimony or spousal support will be considered taxable income, and those who receive alimony payments will not have it taxed as income.

Tips for co-parenting during the summer months

The summer months are a time of happiness and relaxation for the kids. Parents, on the other hand, may struggle to find ways to occupy children’s time. This in turn can lead to a schedule of soccer camp, math tutoring, trips to the beach and the necessary transportation logistics that goes with these activities.

Kids sports and the divorced parent

Coparenting involves many challenges, particularly when the parents are divorced. One source of potential conflict is the role that sports play in the children’s lives and the potential choices of which sports kids want to play. As a rule, sports are great for children’s development but the viewpoint of the parents may differ widely. Some parents come from families place a high emphasis on participating in sports, while others may have emphasized other activities.

Wall Street exec to pay $4.1 million before divorce trial begins

Each divorce is as unique as the people involved. Some go smoothly with a fair and equitable arrangement, while others are more contentious. The Trafelets made the news recently when an appellate court judge in New York ordered hedge fund manager Remy Trafelet to pay $3.5 million in interim fees to his wife Lara. This is after $600,000 payment in 2017.

Three Uses of Financial Professionals in Divorce or Support Proceedings

Many times we read about the use of forensic accountants in Family Law proceedings, to either establish the marital standard of living, or income available for support or to value the community interest in a business. However, that largely looks into the past for analysis; as counsel, I believe we need to let clients know that we need to look at their financial future, as well.

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Hartley, Maxwell, & Castellano Attorneys at Law