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Collaborative Divorce :-- breaking up doesn't have to mean breaking the bank
Home :: Family :: Divorce
By: Munish Rathee Email Article
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If you'll need help valuing assets or a business, or suspect your future ex may be hiding money you also may need to contact a forensic accountant.

If you are the primary breadwinner but are considering a lower-paying job as you go through the divorce transition years, tread carefully. Some judges will require you to maintain your family's previous standard of living. A judge may rule you're more than capable of a high earning power and decide to award less alimony.

Your portfolio: If you think you'll have to draw down some retirement money to cover expenses in the first few years of divorce, do it sooner rather than later, this way you can take a distribution at the time of divorce without a penalty,

Your tax return: Be sure to consider the tax consequences of your divorce settlement. The more money a primary breadwinner doles out as alimony instead of child support, the more he or she can deduct from income, experts say. The spouse receiving the alimony will have to pay income taxes on the money, but usually it will be at a lower tax bracket. Child support, on the other hand, isn't deductible from income.

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Munish Rathee working for Ferris consulting, some of the client sites he is working on are Seattle divorce attorney, Sonoma County Divorce Attorney, and st. louis mediator.

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