Welcome back and thanks for joining us here at The Kronzek Firm’s office in Farmington Hills. We’ve been talking about Qualified Domestic Relations Orders (called QDROs for short) here in Oakland County, and how that could affect your divorce. As we mentioned in the previous article, QDROs are important because when you get divorced, your…
Some of you are probably scratching your heads and wondering what a Qualified Domestic Relations Order is (called a QDRO for short!). And who could blame you? It’s certainly not something the average person deals with on the average day. So what is it and why does it matter if you’re getting divorced in Oakland…
Welcome back. We’ve been talking about prenuptial agreements in Michigan, and what soon-to-be-married couples should and shouldn’t include in their prenups. It can seem a little strange to someone who’s never written one before, but believe it or not, crafting a strong prenup that’s likely to stand the test of time and hold up in…
Most family law attorneys could spent hours explaining why prenuptial contracts are a good idea, and why everyone getting married should have one (obviously!). However, there are lots of folks who still don’t know much about them, or why they’re important. And in some cases, the only thing they know about prenups are the crazy…
You’ve probably heard the saying, “The higher they rise, they harder they fall.” And when it comes to the financial dealings of celebrities, it can certainly ring true. After all, a person who earns $50,000 a year isn’t going to be ordered by the court to pay $3 million in annual child support payments. But…
Welcome back and thanks for joining us again. We’ve been discussing the issue of alimony recapture and how it can affect you in Oakland County or anywhere else in Metro Detroit. As we pointed out in the previous article, alimony recapture is what happens when the IRS thinks you’re trying to disguise property settlements or…
Are you divorced, and paying alimony to your ex as part of your divorce agreement? If the answer to that question is yes, then there’s something important you need to know about your alimony payments and Internal Revenue Service (IRS). Namely, you can get taken to the cleaners by the government if they suspect any…
Welcome back and thanks for joining us for this discussion on how to have “that talk” – you know, the really hard one you have with your fiance about why you should get a prenup. In our previous article we introduced the subject, and looked at the first two items on our list of four…
Most couples who are in love and planning to tie the knot, are caught up in the romance of wedding planning. The things they’re discussing in everyday conversation tend to revolve around flowers, locations, music and guest lists. What they don’t tend to think about, or want to talk about, is what they’ll do with…
If you’re considering getting divorced in the future in Oakland County, you need to know that the new Tax Cuts and Jobs Act (TCJA) will be changing the way alimony is taxed for all separations and divorces after 2018. What does that mean, and how could it affect your finances in the future? We’ll explain……
