When a couple is going through the divorce process, especially when they are fighting over the division of assets, they are not thinking about the significant tax consequences down the road.
It is important to know how to make informed decisions about the tax consequences of property division and support payments. It is important to come to a property and income solution that works best for both parties when it comes to child and/or spousal support. What about the division of pension funds or IRA accounts? If done improperly, you can be hit with penalties and taxes.
There are many ways you can reduce your taxes and many mistakes you can make along the way. It is important to retain an experienced Orange County Family Law attorney for prompt, caring and personal attention when it matters most.
