Article on Making Divorce Less Taxing: A Unique Opportunity for Income, Estate, and Gift Tax Planning

Justin T. Miller recently published an Article entitled, Making Divorce Less Taxing: A Unique Opportunity for Income, Estate, and Gift Tax Planning, 52 Real Prop. Trust & Est. L.J. 1 (2017). Provided below is an abstract of the Article:

To help make divorce a less taxing experience, this Article will discuss the following ten issues that typically should be considered when dissolving a marriage, especially when one or both spouses has a high net worth with more complicated planning needs: (1) tax filing status; (2) dependency exemptions; (3) sale of principal residence exclusion; (4) mortgage interest deductions; (5) deductions related to divorce; (6) allocation of tax carryovers; (7) payments after divorce—such as child support, alimony, and life insurance premiums; (8) qualified retirement plans and individual retirement accounts (IRAs); (9) property transfers and division of appreciated property; and (10) support trusts.