High-end Divorce and Tax Implications

Bucks County · Montgomery County · Philadelphia County · New Jersey - Divorce Lawyers

There are various factors that complicate a high-end divorce. When spouses have a high net worth, own a business, or own significant assets, it is important to approach property division carefully and accurately.

At Zlock & Snyder, P.C., we represent clients in high-end divorces, mindful of the tax implications that can affect property value. Contact our firm in Langhorne or Doylestown to schedule a free initial consultation.

How Will Divorce Affect My Taxes?

Divorce will have a tax impact, but it is not clear to what extent each individual will be affected. In some cases, property values can actually increase with proper planning in divorce.

In most cases, receiving spouses are taxed on spousal support but not child support. Property transferred from one spouse to another may be considered taxable. There are certain tax exemptions available relating to divorce. Talk to an attorney for more information.

How Does a High-End Divorce Differ?

Most divorces require spouses to address property division, alimony, child support, and related issues. A high-end or high-income divorce is similar, except that the value of assets is much higher. Individuals or couples who own a business, significant property, or who are considered high net worth individuals should work with an attorney who is mindful of clients' assets as well as financial obligations, liabilities and tax complications.

Contact Us

For more information about the tax implications of divorce, contact us online or call 267-772-6111. We offer a free initial consultation. We represent clients in Pennsylvania and New Jersey.

Evening and weekend appointments are available.

We are available 24 hours a day.

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