David Bergmann, CFP, EA, CLU, and ChFC writes about divorce – from a tax angle. He notes that couples should consider the tax implications of property division. For instance, a pension may have future tax implications (thus lowering the overall amount of money received) but a recently bought house that sells without gain might have zero to little tax liability. Feeling vindictive? Bergmann even points out how spouses can take parting shots at their ex-partners through the tax system. This thorough and informative article can be a useful resource to anyone considering a divorce or who may be assisting clients with one.
Click the link below to read the article in its entirety:
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