Divorce Financial Issues

How alimony tax proposal could negatively impact divorces

On Behalf of Terzich & Ort, LLP | Jan 9, 2018 | Alimony/Spousal Support, Divorce, Divorce Financial Issues

House republicans have proposed a change to the current spousal support (alimony) laws that affect divorces all over the country. The change would take away the ability for the payee to have the alimony amount deducted from his/her taxes. In addition the recipient...

3 ways to protect finances and credit score during divorce

On Behalf of Terzich & Ort, LLP | Oct 2, 2017 | Divorce, Divorce Financial Issues

Although you know divorce significantly impacts various aspects of your life, you may not be considering how it will affect your credit score. On the one hand, getting divorced does not directly reduce your credit score because your creditworthiness is not related to...