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divorce and family law Archives

Tax code changes to alter spousal support splits

For people in New York and elsewhere around the country who are seeking a divorce, alimony and spousal support can be some of the more complex financial issues that are addressed in a settlement or court order. Property division and other financial aspects of the end of a marriage can also lead to lengthy, contentious negotiations and filings. These issues could become even more complex after the U.S. tax bill adopted in December 2017, which introduces changes to a long-standing tax rule related to spousal support, goes into effect.

Why a prenuptial agreement may be at risk

Legal challenges to a prenuptial agreements are not a new concept, but many people may think that such a move is ill-conceived. This is due to a long standing myth about prenuptial agreements: that they are somehow impervious to being overturned or deemed invalid. In fact, that is not the case at all. Prenuptial agreements can be overturned (in part or wholly) if they violate a number of potential legal issues.

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