Going through the process of a divorce or legal separation can be a painful process for each spouse psychologically, emotionally, and financially, and unfortunately is a common occurrence in today’s society. What can be overlooked by clients (and possibly divorce attorneys) is that there are important income tax ramifications in regards to which spouse will be claiming personal exemptions for children, the timing and selection of items to be given to the other party in property settlements, the timing and size of alimony payments, and avoidance of disguised alimony and the alimony recapture rules. These tax issues are best dealt with before the separation agreement or divorce decree is formalized.
This webinar will cover the tax rules governing alimony and child support, explain the rules for dependency exemptions and property settlements, and look at other divorce planning techniques, such as the QDRO and uses of insurance to reduce financial risk.
Learning Objectives:
Upon successful completion of this course, participants will be able to:
- Explain the tax rules for alimony and child support.
- Describe rules involving dependency exemptions and property settlements due to divorce.
- Identify other techniques used in divorce planning, such as QDROs, life insurance, and disability insurance.
Presented by Eric A. Smith, ATP, CFP, CLU, ChFC, CRPC
IRS CE: 2 Hours/Federal Tax Law;
NASBA CE: 2 Hours/Taxes
NSA ConnectED Webinar Series
Program Level: Basic
Prerequisites: None
Advance Preparation: None
Delivery Method: Group-Internet Based
No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.