The cynical reasons the divorce rate is about to boom
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Title : The cynical reasons the divorce rate is about to boom
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news-today.world | Divorce, like marriage, is taxing.
The sweeping new tax law that President Donald Trump signed in December could soon make paying alimony more expensive for some members of the roughly 800,000 couples getting divorced each year, according to government data. And divorce attorneys say that’s spurring a spike in clients considering divorce this year, thinking they might want to get it done before the new alimony provision takes effect in 2019.
“The people who have been on the fence, now knowing the tax law is coming into effect, is causing them to take the plunge. We have been getting plenty of calls [from them] …,” says Adam D. Citron, senior counsel at New York-based Davidoff, Hutcher & Citron. “For many, this was the final nail in the coffin.” Across the country in California, Jennifer Riemer, a partner in Walzer Melcher, is seeing the same thing. The alimony change has “definitely had an effect,” she says. “Clients who are even a little bit financially savvy have been asking about it.”
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The sweeping new tax law that President Donald Trump signed in December could soon make paying alimony more expensive for some members of the roughly 800,000 couples getting divorced each year, according to government data. And divorce attorneys say that’s spurring a spike in clients considering divorce this year, thinking they might want to get it done before the new alimony provision takes effect in 2019.
“The people who have been on the fence, now knowing the tax law is coming into effect, is causing them to take the plunge. We have been getting plenty of calls [from them] …,” says Adam D. Citron, senior counsel at New York-based Davidoff, Hutcher & Citron. “For many, this was the final nail in the coffin.” Across the country in California, Jennifer Riemer, a partner in Walzer Melcher, is seeing the same thing. The alimony change has “definitely had an effect,” she says. “Clients who are even a little bit financially savvy have been asking about it.”
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You are now reading the article The cynical reasons the divorce rate is about to boom With link address https://newstoday-ok.blogspot.com/2018/01/the-cynical-reasons-divorce-rate-is.html