Tax considerations should never be overlooked in the crafting of a divorce agreement. Nobody should discover that they agreed to a division of marital assets or support payments without understanding and projecting the tax implications. “The devil is in the details” clearly pertains to ignored or misunderstood tax ramifications.
At the Centre for Mediation & Dispute Resolution, we want to be sure that you understand the tax implications as they pertain to:
An accountant may be asked to compute the parties’ net after-tax income to be compared in mediation with each party’s budgetary expenditures. At CMDR, the focus needs to be on each party’s ability to maintain their individual lives and to maintain, where applicable, the children’s standard of living.