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  • 16
    April

    The Right of First Refusal

    By Iafrate & Salassa

    The Right of First Refusal
    Michigan couples who have children and decide to get divorced often opt to have a right of first refusal clause in their parenting plans. These provisions help parents capitalize on the time that they can spend with their children by requiring parents who need the services of a ...
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  • Alimony and Federal Income Tax Deductions Under the TCJA
    On January 1st, the tax overhaul law, known as the Tax Cuts and Jobs Act (TCJA), officially went into effect. The passage of this law had a number of important consequences, but one of the most critical involved alimony and how it is calculated for tax deduction purposes. ...
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  • 5
    March

    Prenuptial Agreements on the Rise

    By Iafrate & Salassa

    Prenuptial Agreements on the Rise
    Prenuptial agreements, commonly referred to as “prenups,” are increasing in popularity, and not just for the wealthy. More and more couples are using prenuptial agreements to determine custody of pets as well as to put into place emotional protections, such as a requirement for counseling prior to a ...
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  • Tax Changes Make Some Couples Anxious to Finalize Divorce
      Changes to alimony law which take effect in 2019 prompted some couples to rush to finalize their divorce settlements before the new year since the new tax law will no longer allow the paying spouse to deduct alimony payments from his or her federal taxable income. This means that, ...
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