McKinley Irvin Blogs from January 2018

  • 3 Key Changes in the New Tax Bill That May Affect Your Divorce

    3 Key Changes in the New Tax Bill That May Affect Your Divorce By James Stensel President Trump signed the Tax Cut and Reform Bill into law on December 22, 2017, representing the biggest tax overhaul since the 1986 bill signed into law by Ronald Reagan. While all American taxpayers can expect changes to their taxes, if you are getting divorced or thinking about divorce, you should absolutely be paying attention to the following three key changes affecting divorcing parties under the 2017 bill: 1. Alimony Under the current IRS tax code, alimony (a.k.a. spousal support or spousal ...
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  • Top 4 Things to Do Before Initiating a Divorce

    Top 4 Things to Do Before Initiating a Divorce If you feel you are ready to initiate a divorce, make sure that you are prepared to start the process off on the right foot by thinking ahead and creating a plan. The divorce process can be long, emotional, and costly, so it is important to do whatever you can to prevent potential problems and get ready for what’s coming as early as possible in the process. Educate Yourself Learn everything you can about what you should expect from your divorce. Your lawyer will likely be very helpful in explaining the process and will be ...
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  • How to Practice Self-Care During Divorce

    How to Practice Self-Care During Divorce Going through a divorce can be one of the most difficult things you ever do. Even the most amicable splits can feel overwhelming and stressful, and contentious divorces can leave you feeling drained and heartbroken. Whatever your situation, it is important to remember to care for yourself during this trying time. Your mental, emotional, and physical health should be a priority, especially when you undergo such a dramatic life change. Make sure you practice self-care during your divorce by following these 5 tips: Know Your ...
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