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Divorce Tax Issues

Dallas Wealth Management Firm – (888) 867-5191

While going through a divorce, most people focus on important family law matters, such as child custody and relocation. Topics such as these are clearly crucial and cannot be ignored, but neither can potential divorce tax issues that arise. Divorcing your spouse may completely change your tax classification and burden, creating new tax liability concerns that need your attention.

At Mathur Law Offices, you can find a team of Dallas divorce attorneys who are also well-versed in wealth management strategies and applications. Using our combined knowledge of these practices, we can effectively navigate the complex tax-divorce situation towards the best possible outcome. Our objectives are protecting your finances and best interests while also removing the stress of the situation off your shoulders.

Call (888) 867-5191 to ask our Dallas wealth management firm for a case evaluation.

Divorce Conditions That May Cause Tax Issues

As you go through your divorce, you should try to stay aware of what decisions will impact your tax situation during and after your divorce. Essentially any piece of property or asset of value could have an applicable tax. Consequently, most important decisions and conclusions in a divorce could create tax liability issues.

Decisions in your divorce that could alter your tax situation include:

  • Whether or not you keep or sell your family home.
  • How much child support you pay or collect.
  • Which parent claims children as dependents.
  • How much alimony you pay or collect.
  • Tax obligations owed by your ex-spouse.
  • Finances used in the process of divorcing.

Mediation to Move Forward in Your Divorce

The reality of divorce tax issues is that they can negatively impact both you and your soon-to-be ex-spouse if mishandled. In order to eliminate tax liability and situational problems in your divorce, the right decision might be working together with your spouse to avoid them. Mathur Law Office offers mediation services that allow you and your spouse to gain a full understanding of potential divorce tax issues, cooperate, and reach a conclusion that benefits everyone.

You can learn more about divorce tax issues from our Dallas wealth management firm. Contact us today to setup a consultation.

What to Expect From Mathur Law Offices, P.C.

  • A legal team with a wide breadth of legal knowledge
  • An emphasis on making your needs our top priority
  • Personalized, unwavering commitment to you
  • A team with unmatched experience and versatility
  • Compassionate and genuine service

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From Our Clients

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  • We find very few human beings like you in this world who are passionate about their profession and truly help their clients.

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