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The importance of making a divorce in Connecticut final in 2018

Connecticut couples seriously thinking of calling it quits would do well to make that decision this year. Finalizing a divorce in 2018 may save each individual some money since the government has made some far-reaching changes regarding divorce. These changes will especially affect couples who are financially well-off. 

Come Jan. 1, 2019 alimony won't be able to be deducted by the payer. It is likely that the payer will not be paying the payee as much, however. The federal government is hoping to line its coffers by nearly $7 billion with this move. That also means that less money in people's pockets.  Those finalizing their divorces this year will still have the current deductible and taxable status even if the divorce agreement is later modified.

Children won't be seen as being that much of a tax deduction either. Both spouses won't be able to claim children as a deduction. But one parent may be eligible for increased child tax credits. Couples who have prenuptial or postnuptial agreements may wish to have a lawyer reassess them to make sure they're in line with the new laws. 

A Connecticut divorce lawyer may be able to acquaint his or her clients with how these new laws will affect them personally. The attorney can help clients to negotiate a divorce agreement that properly considers the effect of the new laws. These new laws may make issues even more complex and urgent, and an attorney's guidance in this instance could prove invaluable. When an attorney takes care of the legalities of divorce, it may let his or her client to take care of other things in an already stressful situation.

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  • Hi Yuliana and Attorney Prince, Thank you so much for taking time out of your busy day to meet with me. I really appreciated how compassionate you were while listening to my situation, even through my tears. Thank you so much for sharing such valuable information with me. I left feeling very hopeful that when the dust settles, I’ll be ok.
  • Wendy helped guide us through a very difficult and emotional process and was really able to provide an even and fair account for both parties. It's quite evident in her expertise in this area but the way she was able to make you feel safe and secure in a very insecure time goes far beyond her legal prowess. If the two parties are really willing to cooperate and collaborate, she's there to help gain the best possible solution for all involved, especially if there are children.
  • Regardless of how committed one is to the fact that divorce may be imminent and necessary, it is truly one of the most emotional and stressful situations one can experience. It can also be daunting. Wendy has a remarkable ability to cut through the noise and help you focus on the big picture while drilling down on what is most pertinent to your particular situation., they are a formidable team who work collectively with your best interests in mind.
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