Tax and Title Issues in Divorce

Issues to Consider in Reaching a Divorce Settlement Agreement

A property settlement agreement needs to account for the value of different types of marital property. Receiving a proper valuation often requires the help of financial experts. The task becomes even more complex when you take into consideration the tax consequences of dividing some types of properties.

To ensure that you are receiving fair treatment in your divorce, be sure you understand the full cost of your property settlement agreement. Work with an experienced divorce lawyer at the Law offices of Scott David Stewart. We understand the issues involved in dividing complex marital assets and the cost vs. benefit of dividing property or paying alimony.

Contact the Law offices of Scott David Stewart. With offices in Phoenix and Chandler, we represent clients throughout Maricopa County, Arizona.

Tax Implications of Asset Division

Some of the issues to be considered regarding taxes in divorce:

• Who will receive the dependent child exemption on their tax returns?
• When complex assets are involved, what are the capital gains on the liquidation of long-term investments?
• What are the tax consequences for the sale of a family home?
• Should you file joint or separately in the year of your divorce?
• Are you currently in default on taxes? Do you anticipate a problem with this year's tax filing? We can advise you on ways to keep the correct person responsible for past due taxes and connect you with tax help so you can file an innocent spouse claim

Title Issues in Arizona Divorce Cases

Homes, real estate, and some types of personal property will require a title or deed change. Whether you own your property in joint tenancy or as community property with rights of survivorship, the final owner of the property will want to protect their rights by changing the deed.

Cars, RVs and similar property will require a title change. If one partner tries to sell the property before the divorce is finalized, we may be able to get the asset back or get your share of the proceeds from the fraudulent sale.

Get Answers to Your Questions about Property Division?

Contact the Law Offices of Scott David Stewart to protect your financial future. Our office will ensure you are not taken advantage of in your divorce.