Too many lawyers fail to take into account the tax issues involved in divorce agreements. For many people, a divorce will represent the largest financial transaction in their life; they deserve a divorce lawyer that will carefully and thoroughly factor in the tax implications of every aspect of divorce, from property division to child support.
With years of both business experience and family law backrounds, your Massachusetts Family Law Group lawyers are especially qualified to investigate and consider the tax issues involved in divorce. We crunch numbers and come up with many alternatives to show each client. Our programs oftentimes even produce scenarios that are convincing to both clients and judges.
There are tax implications in every aspect of divorce agreements. For example, paying alimony affords tax deductions and deductible expenses. Child support, on the other hand, does not. If you agree to pay more alimony and less child support, you can reduce your tax burden and still provide the same amount of total after-tax support.
Also, if the recipient of either alimony or child support is in a low tax bracket, the net after-tax effect can be made better for both parties. Our lawyers work hard to take such factors into account, structuring deals that are tax-advantageous for our clients, using a wealth of knowledge to the benefit of everyone involved.
Call your Massachusetts lawyers for tax issues relating to divorce at (800) 910-DIVORCE, or to schedule a no-obligation consultation in our Norwood, Andover, Worcester, Springfield, Plymouth or Cape Cod offices, please contact us.
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