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December 2017 Archives

Spousal Support tax relief ends in 2019 with overhaul

A proposed tax overhaul was delivered to President Donald Trump who promptly signed it into law. The tax plan is set to touch every facet of life, including spousal support. The 75–year old tax deduction, sacred to those who pay alimony, will be scrapped effective January 1, 2019. In California and every other state, divorce negotiations may be harder and may lead to less alimony being paid.

Smart decisions about marital assets during divorce

When a marriage ends, it can be both emotionally and financially crippling. It may be so painful that one cannot think clearly about making critical financial decisions. Dividing household contents, the marital home, bank accounts and vehicles, can take a toll on all parties involved. In California, proper planning can help safeguard assets during a divorce to secure financial well-being.

Potential pitfalls for divorce over 50

Studies show that one in four couples will end their marriage after the age of 50. Compare that to twenty years ago when one in 10 couples with a spouse over the age of 50 divorced. Some experts agree that with the surge in late-in-life break-ups, so-called gray divorces have become like an epidemic. In California, people are living longer and have more opportunities to grow apart. Studies show that social customs have changed, and there are fewer stigmas about divorce and living life as a single person. 

Child support and the rising gig economy

Contract work is making it easy for parents to avoid paying the necessary and court-ordered support payment to their children. It is causing problems for the parents who are trying to get paid as well as for state officials who are trying to collect it. Approximately 70 percent of child support money is collected through paycheck withholdings, but money earned by contractors cannot be captured if employers do not cooperate and disclose wages. In California, state officials have very few ways to make employers comply.

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Law Office of Stuart E. Bruers
2367 Torrance Boulevard
Torrance, CA 90501

Phone: 310-856-9834
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