The first tax filing following divorce can be difficult for your clients, and it's not just about deductions and credits. For financial advisors, it requires empathy and attention to detail.

Marriage is not just a romantic promise. It is a legal, social, and economic contract. When it breaks, the emotional cost may ...

The Telangana High Court dismissed a woman's appeal seeking divorce claiming 'marriage fraud', after noting that she was ...

The Supreme Court has directed a husband to pay ₹1.25 crore as permanent alimony to his wife while dissolving the marriage on ...

Court invoked unique power under Article 142 to end the marriage. It rejected wife’s claim for Rs 12 crore alimony, said ...

Alimony, no matter what the gender, is justified, McSharry says. "If you brought value into the relationship, you should be able to take that value out of it," he notes.

That is not the part that I found interesting. Here is the interesting part. At trial petitioner asserted that the $50,000 of alimony she reported on her 2007 tax return should be nontaxable.

Under current law, the payer would have a tax bill of $13,015, based on income of $68,000 net of alimony. The recipient would pay $4,183 in tax on the alimony. Combined tax: $17,198.

Yes, there are. For instance, in certain circumstances, divorcing women should consider the benefits of an Alimony and Maintenance Trust (also known as a Section 682 Trust).