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Determining Maintenance in New York

There are several types of maintenance arrangements you can make in a New York divorce. The Court will likely award either temporary or permanent maintenance, depending on the circumstances of your case. Here’s a quick overview of each of these types of arrangements. Temporary maintenance: This type of maintenance is paid out to a spouse… Read More »

The Tax Impact of Spousal Maintenance Requires Careful Consideration When Negotiating the Terms of Divorce

Taxes should be a major consideration when negotiating the terms of divorce. At its simplest level, the party who makes any type of payment defined as spousal maintenance under federal tax laws can deduct those payments, while the recipient must declare the payments as income. Qualified taxable income Although the IRS does not consider payments… Read More »