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Special Issues Facing Pennsylvania Couples in High-Net-Worth Divorces

Divorces between wealthy Pennsylvania couples may develop into complicated and lengthy proceedings. Spouses with valuable and diverse assets will face issues unlike those that arise in a typical divorce, chiefly concerning the identification and valuation of property for purposes of equitable distribution. High-net-worth divorces often involve complex assets, such as multiple real estate interests, pension… Read More »

Will the Federal Tax Cuts and Jobs Act Affect Your Alimony?

People who are new to paying alimony will no longer be able to deduct their payments when they file their federal income taxes, thanks to the federal Tax Cuts and Jobs Act (TCJA) signed into law in 2017. This also means that those who receive alimony no longer have to report it as taxable income…. Read More »

What Is Alimony and How Is It Calculated?

People use the term alimony loosely to refer to maintenance payments an ex-spouse makes to a former spouse. In Pennsylvania, however, there are three such terms for these payments, and each denotes support at a particular time in the process: Spousal support — Amounts paid after the couple agrees to live “separately and apart,” but… Read More »