As our society evolves, more and more people in Connecticut are opening their eyes to the various ways via which people can become parents. Certainly gay and lesbian couples need to look outside of traditional reproduction between partners to become parents but even a heterosexual couple may find themselves unable to conceive a child or to successfully carry a baby to term. If you are in one of these types of situations, you will be happy to know that there are more options available to you today than in prior generations.
If you and your high-asset spouse are embroiled in a Connecticut divorce, you may worry or even suspect that (s)he is hiding assets so as to slant the property settlement in his or her favor. Hiding assets is nothing new for spiteful and/or greedy spouses who wish to keep their partner in the dark about their true financial picture. What has changed with the advent of technology, however, is the way in which many of these spouses go about doing it.
Divorced or would-be divorced couples in Connecticut may want to take note about a change that is looming regarding how spousal support payments will be taxed once the Tax Cuts and Jobs Act goes into full effect on January 1, 2019.
Connecticut spouses who are considering a divorce this year or possibly next year in 2019 should take the time to evaluate a rather significant change in the tax code that may have major implications for the outcome of their divorce settlement.