When a couple seeks divorce, the end of the marriage is not the only painful issue. The divorce of a high net worth couple can also trigger a huge tax burden if dealt with incorrectly.
The division of a large and complex community property estate demands specialized knowledge in the field of divorce taxation. Jaffe and Clemens brings a wealth of knowledge and skill when it comes to navigating the highly complicated provisions of the tax codes, which can be a minefield to the unwary. Prudent tax planning frequently can make divorce a win-win situation by avoiding unnecessary taxes and maximizing the assets that are retained by each spouse. With expertise in the tax laws affecting divorcing spouses, and by working with top accountants where appropriate, Jaffe and Clemens often is able to deliver solutions that give you the optimum settlement.
The tax impact of spousal support poses its own set of complex issues. The attorneys and accounting staff of Jaffe and Clemens know the ins and outs of the tax laws when it comes to capturing the most advantageous tax benefits for both the supporting spouse and the supported spouse.