FAMILY LAW BLOG

Stay up-to-date with family law and divorce news, tips and guides by Cindy Best.

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Cindy Best
Identifying the Tax Consequences of Divorce Part 4

10. Capital Gains Taxes and Appreciated Assets   The spouse who winds up owning an appreciated asset (fair market value in excess of tax basis) must recognize taxable gain when it is sold. In other words, if you are the one who ends up with appreciated assets like stock or real property, you’re on the … Continue reading Identifying the Tax Consequences of Divorce Part 4

Cindy Best
Identifying the Tax Consequences of Divorce Part 3

6. My spouse was awarded some of my vested stock options in our divorce. Who pays taxes on what and when? The transfer of an interest in vested stock options incident to a divorce is not a taxable event. However, income is reported when the former spouse exercises the stock options. The specific issue of … Continue reading Identifying the Tax Consequences of Divorce Part 3

Cindy Best
Identifying the Tax Consequences of Divorce Part 2

4. Which parent gets to claim the child as a dependent? Arizona has specific guidelines for the assignment of the federal tax exemption for dependent Children that are established in Section 27 of the Arizona Child Support Guidelines. Here is the relevant text from Section 27: All the federal and state tax exemptions applicable to … Continue reading Identifying the Tax Consequences of Divorce Part 2

Cindy Best
Nuts & Bolts of Divorce Law 2/28/13

Cindy Best from the Best Law Firm will be a presenter at the Nuts & Bolts of Divorce Law event held at the Phoenix Airport Marriott on Thursday, February 28 2013. Cindy will be presenting “Identifying Tax Consequences of Divorce” Divorce cases require a knowledgeable, confident and perceptive attorney who not only knows basic procedures … Continue reading Nuts & Bolts of Divorce Law 2/28/13

Cindy Best
Identifying the Tax Consequences of Divorce Part 1

At some point your family law client will have some basic issues regarding the tax consequences of their divorce. This material may provide you with some answers to frequently asked hypothetical questions, and may also identify some more complex issues that you may need to be made aware of. While it is important to have … Continue reading Identifying the Tax Consequences of Divorce Part 1

Cindy Best
SB1127: Changes to Title 25 effective January 1, 2013

1.?? ?Family Law Terms:? A.R.S. 25-401 There have been changes to a few family law terms.? Some terms have not changed, but they are now located in different areas.? The term ?custody? has been completely replaced by the term ?decision-making.? The term ?parenting time? has expanded its definition:? ?the schedule of time during which each … Continue reading SB1127: Changes to Title 25 effective January 1, 2013

Cindy Best
Mediation Hypothetical: Post-Decree

Jackson and Jenna have three children, ages 8, 10, and 15. ?They have been divorced for four years and share joint legal custody, which allows both parents to be involved in major decisions of their children’s lives. ?Jack has a new job in Nebraska and is going to relocate. ?What happens to the parenting schedule … Continue reading Mediation Hypothetical: Post-Decree

Cindy Best
Mediation Hypothetical Divorce or Dissolution

Hypothetically, let’s discuss the situation with David and Christina, who have been married for 12 years and have two children, DJ, age 10, and Eliza, age 6. ?David has been employed as a computer technician for most of the marriage and Christina is a teacher who has her summers off. ?They bought a house eight … Continue reading Mediation Hypothetical Divorce or Dissolution

Cindy Best
What are the obligations of the parties and the role of the mediator in mediation?

The Parties’ Obligations: Desire to compromise and find a resolution Act in good faith Listen calmly to the other party, even if you disagree with their statements Stay professional and considerate of the other parties’ statements Conduct good communication with the other party and the mediator Have an active role in the decision-making process Full … Continue reading What are the obligations of the parties and the role of the mediator in mediation?

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