As you may know, late Tuesday night, our government leaders approved a bill to avert the dreaded fiscal cliff, avoiding widespread tax increases and deep spending cuts.
Here are some of the specifics of the plan:
Alimony »
Florida’s alimony reform bill (Senate Bill 718/House Bill 231) was set to turn existing laws upside down. Permanent alimony would have become a thing of the past, and child custody would see significant changes. The measure also set limits for what people pay in alimony for short, medium, and long-term marriages.
But on Wednesday, May 1, 2013, Governor Rick Scott vetoed the bill. He wrote,
“I have concluded that I cannot support this legislation because it applies retroactively and thus tampers with the settled economic expectations of many Floridians who have experienced …
Blog, Press Release »
Tequesta, FL (April 5, 2013) — Cary Stamp, an independent financial advisor affiliated with Commonwealth Financial Network® and Principal of Cary Stamp & Company in Tequesta, FL, has achieved Commonwealth Leaders status. This distinction recognizes the most successful financial advisors, based on a ranking of annual production among Commonwealth’s network of 1,450 financial advisors. Commonwealth is the nation’s largest privately held independent broker/dealer–RIA and the broker/dealer of choice for Cary Stamp.
“We are pleased to award Cary Stamp with this impressive recognition,” said Wayne Bloom, CEO of Commonwealth. “Cary is among …
Divorce Financial Planning, Divorce Financial Strategies »
If homeowners sell their primary residence, they can exclude up to $250,000 ($500,000 on a joint return) of the gain from their income.Divorce Financial Planning, Divorce Financial Strategies »
Divorce has obvious tax consequences. Therefore, it’s an important part of divorce financial planning. For example each former spouse will file their returns as single taxpayers or heads of households rather than jointly. That can mean higher marginal tax rates, a change in standard deductions, and a loss of tax breaks.
When it comes to the tax exemption for children, it generally goes to the custodial parent …
Divorce Financial Planning, Divorce Financial Strategies »
How Divorce affects Social Security Benefits
The number of baby boomers divorcing is rising. In fact, according to a study by Bowling Green State University, in 1990 fewer than one in 10 people who divorced were 50 or older. By 2009, that number had leaped to one in four. Meanwhile, divorce rates for the general population stabilized.
With this upward tread in older Americans divorcing, …
Recent Posts
- Alimony Reform … the Bill That Was Vetoed by Governor Rick Scott
- Cary Stamp Recognized as a Leading Financial Advisor by Commonwealth Financial Network
- In a Divorce, Who Gets the Home Sale Exclusion?
- Divorce and taxes: Who gets the exemption for the children?
- Fiscal Cliff Deal Reached
- The End of the World, the Fiscal Cliff and other Fairy Tales
- What Divorcing Baby Boomers Should Know about Social Security
- Can I Qualify for a Mortgage based on my Alimony?
- Establishing Credit Before you Get Divorced
- Why do I need a CDFA™ if I have a forensic CPA?
- Dividing a Family Business in a Divorce
- Health Insurance—what is the best option after my divorce?
- Should I Use a Trust to Protect My Assets in Case of a Divorce?
- Should I Buy Life Insurance on My Ex-Spouse?
- Cary Stamp to Speak to the Martin County Bar Association Family Law Section
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