October 5, 2010
Division of the marital estate in a divorce can be a sticky situation, and understanding the financial aspects of a settlement can be challenging. In order to maximize your clients’ cash flow and the value of the assets that they receive, it is important to consider tax liabilities that may be incurred under multiple asset distribution scenarios. Equitable distribution can end up becoming unbalanced if one party inherits a significantly better or worse tax situation.
Are you prepared to counsel your clients on complicated property transfer issues?