Because of the extensive media attention, celebrity divorces provide us with a look into the financial complexities of high asset divorce. Recently, Jeff Bezos, founder of Amazon, and his wife, MacKenzie, managed to arrive at an agreement outside of the court so that the details remain private. The couple managed the press without any accusations or airing of dirty laundry which may have helped them reach an agreement quickly. There are some lessons to be learned from their divorce as well as financial concerns to be addressed as highlighted in this article.
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Since the start of the new year, federal workers have not received their paychecks due to the government shutdown. Andrew Samalin of SICounsel provided financial advice to affected individuals, specifically how they can best protect their finances.
The Tax Cuts and Jobs Act of 2017 (TCJA) has eliminated the deductibility of alimony after December 31, 2018. It is expected that the loss of the payer’s tax benefit may have the effect of reducing alimony payment to the payee. This