Recent Blog Posts
It’s that Taxing Time of Year, Part II
“Are You the Head of Your Household?” If you were unmarried at the end of a tax year and maintained a household for your child, parent or other qualifying relative you can file as “head of household” which has more favorable tax rates than those for a married person filing [...]
It’s that Taxing Time of Year, Part I
“Who should claim a child?” According to the IRS, the parent who can claim the dependency exemption for a child on his or her tax return is the one designated the custodial parent by court order or agreement. When there is no such order or agreement, the custodial parent is [...]
Life Insurance
It’s a Matter of “Trust” When considering a legal separation or divorce, many people change the beneficiary on their life insurance policies from their soon-to-be former spouse to their children. While this may seem like a good idea at the time, that may not be the case. Here’s why. If [...]
Getting Married Again: Why you NEED a Prenuptial
“It’s All About Your Children” Many people believe that wanting a prenuptial agreement means that they are betting against their new marriage. But the real reason to have a prenuptial agreement prepared when getting remarried is to protect your children! In New York, as soon as you marry, your spouse [...]