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Embrace: ● A modern, efficient approach built around cooperation and mutual respect. ● Focused discussions prioritizing the best interests of everyone involved, especially children. ● A less emotionally taxing experience that preserves amicable relationships. Here's the kicker: collaborative divorce saves you money. With the average litigation cost in New York exceeding $20,000, collaboration offers significant savings. And in the age of COVID- 19, its appeal grows even stronger as court delays add further strain to litigation.
Think of it this way: By choosing collaboration, you choose: ● Financial savings: Invest in your future, not legal fees. ● Timely resolution: Move forward with your life faster. ● Peace of mind: Focus on healing and building a brighter future.
Collaborative divorce isn't for everyone, but it's worth exploring. Talk to your lawyer or mediator to see if it could be the key to navigating your divorce with clarity and control. http://ww2.nycourts.gov/courts/1jd/supctmanh/Matrimonial_Litigation.shtml
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Taxes
Divorce and Taxes: Don't Get Stuck Holding the Bag! Filing taxes jointly as a married couple can save you money, but what happens when your marriage ends? The surprise: you're both still equally responsible for ANY tax problems on that joint return, even after the divorce. This "joint and several liability" can sting! But wait, there's hope! If your spouse messed up the taxes, you might be able to get relief: ● Separation of Liability: This fancy term means paying only your fair share of the tax mess, not your ex's. ● Innocent Spouse Relief: If you were clueless about your ex's tax shenanigans, this protection can shield you from the damage. Key point: These options have deadlines and need proof, so don't wait! Talk to an accountant who knows divorce taxes ASAP. They can help you figure out if you qualify for relief and guide you through the process. Remember: Filing jointly can be smart, but knowing the risks is key. Chat with an accountant before filing or getting divorced to safeguard your financial future. Innocent Spouse Relief, Separation of Liability, Relief Equitable Relief
DISCLAIMER This plan does not provide legal, tax, accounting, or therapy advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, legal, tax, accounting, or therapy advice. You should consult your own professional before engaging in any transaction.
Ray Pearson Broker/Owner, Cobbleridge Realty Corp (631) 320.5849 www.Cobbleridgerealty.com
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