The Tax Cuts and Jobs Act has many controversial provisions, but one will have significant impact on many divorcing couples. The new tax law makes an unexpected change to a tax arrangement that has been central to American divorces for three-quarters of a...
Month: May 2018
Part 2: New military Blended Retirement System and divorce issues
Last week, we talked about the new military retirement program that was launched on January 1, 2018, called the Blended Retirement System or BRS. In that post, we described the historical, legacy plan as well as the features of the new BRS. Those features include a...
Part 1: New military retirement plan may throw wrench into divorce
Whether you are an active or retired service member or a member of the Reserves or National Guard, or married to someone who serves or has served, the military pension you (or your spouse) has or will earn is one of your most important assets. Federal law allows...
New automatic time-sharing schedule for parents in 2018
A major goal for Florida lawmakers with Senate Bill 590 was to "encourage frequent contact between a child and each parent" and to "optimize the development of a close and continuing relationship" with the children after divorce or separation. Gov. Rick Scott signed...