Category: Marital Law

Marital Law

Florida Law Makes Spousal Lifetime Access Trusts More Attractive Estate Planning Option by Rachel Kenney Rego, CPA


Posted on October 25, 2023 by Rachel Kenney Rego

In 2022, lawmakers amended Florida Statute Section 736.0505(3), giving new life to Spousal Limited Access Trusts (SLATs) and the unique estate planning benefits they provide to families within the state. SLATs enable one spouse to create and fund irrevocable trusts during their lifetime for the benefit of a surviving spouse and future generations. The grantor […]

Remember Your Pets in Your Estate Plan by Sarah Gaymon, CPA


Posted on September 27, 2022 by Sarah Gaymon

In 2007, multi-millionaire hotelier Leona Helmsley made headlines when she passed away leaving $12 million to her dog Trouble. Today, it is commonplace for pet owners to specify in their wills how they wish their furry friends to be cared for financially and physically long after they are gone. In fact, all U.S. states and […]

2019 Ushers in New Tax Treatment of Alimony by Sandra Perez, CPA/ABV/CFF, CFE


Posted on February 28, 2019 by Sandi Perez

Married couples considering a divorce in 2019 should first meet with their tax advisors and accountants to ensure their settlement negotiations reflect the way in which the new federal tax law treats alimony payments beginning this year. For more than 75 years, alimony was treated as a tax deduction for the payor and taxable income […]

The Tax Implications of Divorce and Separation by Joanie B. Stein, CPA


Posted on October 30, 2017 by Joanie Stein

Among the many financial and emotional issues that couples will encounter on their road to a divorce are the implications that a final dissolution of marriage will have on their taxes. Following are some important tax-related issues for separated and divorcing couples to keep in mind. Tax Filing Status Legally separated and divorced couples have […]