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Alimony is No Longer A Tax Deduction

Alimony

The Tax Cuts and Job Act (TJCA) Eliminates the Alimony Tax Deduction in New Jersey and Nationally On January 1, 2019, alimony became tax-neutral under the new rules of the Tax Cuts and Job Act (TCJA). Payors cannot deduct payments of alimony from their taxable income and recipients of alimony do not have to claim […]

Money

Divorce can be a difficult process emotionally, but it’s even more challenging when a couple is dealing with high-value assets. Divorcing without legal assistance is always a mistake, but it can be financially devastating with substantial assets, businesses, trusts (on-shore and off-shore), and other complex investment vehicles. The mistake some couples make is thinking they […]

Real estate assets

Real estate in a high asset divorce can pose many challenges. A couple’s home is typically their most valuable asset. In many instances when a family is dividing, one spouse retains ownership of the primary residence. However, some divorcing couples own more than one home. In addition to making a decision about the main home, […]

DAVID

The Gourvitz Firm prevented a New Jersey divorce judgment from being modified in Italy, despite the fact that both parties reside in Italy.  The Gourvitz Firm had represented the wife/ex-wife for over 20 years. The husband alleged that wife’s sizable inheritance including the family castle and her alleged cohabitation were sufficient factors to stop the […]

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