Divorce often involves the division of marital assets, including joint properties. When spouses decide to sell joint property as part of their divorce settlement, there are significant tax considerations that can impact both parties. Understanding these considerations is crucial to ensure a fair and financially sound outcome. Capital Gains Tax One of the primary tax…
The family home; it’s where memories were created. And, for most families, their home is one of their bigger investments. Going home can create a feeling of inclusion and safety and this emotional attachment is different than the feelings associated with other investments like stocks and bonds. During the divorce process, the family home can create…
Real estate can be a major subject of discussion during divorce settlements. If you are in a position where you will be purchasing a new home post-divorce, you need to take a few things into consideration when negotiating your settlement so you will be in a good financial position to be able to purchase your…