We Will Guide you

We will guide you step-by-step
through this difficult process.

Free Initial Consultation (866) 290-9292
blog home High-Asset Divorce Financial Complications in High-End Divorce Cases

Financial Complications in High-End Divorce Cases

By Sheryl Rentz on May 19, 2015

Division of property is not the only complicated consequence of a high-end divorce. There are many other factors that must be considered, not the least of which are the tax implications. If you are in the process of going through a high-end divorce in Pennsylvania, please make sure you understand its potential impact on your taxes.

Your divorce will affect your taxes, but there is no hard-fast rule to help you predict how much your taxes will change. Child support payments are not taxed but receiving spouses are taxed on spousal support. Property transferred from one spouse to another during a divorce is often taxable as well. There are even specific tax laws in place that may affect the transfer of U.S. bonds, life insurance, annuities, and the sale of a principal residence. Additionally, there are tax questions that may arise in relation to retirement plans.

There are other consequences of a divorce that are typically unique to high-end divorces. An attorney will be needed to assess and divide equitably retirement accounts, investments, child bank accounts, deferred pay-raises, potential bonuses, cash, properties, and businesses. The involvement of these complex assets make high-end divorce more complicated than most normal divorces.

Additionally, there are still the issues that arise during any divorce such as property division, child support, alimony, and other related issues. The negotiation process will determine who gets to live where, who has primary custody of the children, how the assets are divided, and many other important decisions.

It is crucial for anyone involved in a high-end divorce to have a skilled Pennsylvania divorce attorney on his or her side who has recent experience handling similar cases. High-end divorces involve financial obligations, tax complications, and asset protection. You and your family’s best interest must be considered during every step of the process.

Related Articles:

Posted in: High-Asset Divorce

We know your problems are unique & special.
Call us, we will listen.
866.290.9292


Contact Us

Our team is ready to help. Start off your case with a no-cost consultation by calling our office today at (866) 290-9292 or by completing the following form.


Law Office of Sheryl L. Rentz

326 W Lancaster Ave, Suite 100
Ardmore, Pennsylvania 19003

Phone: (610) 645-0100
Toll-free: (866) 290-9292
Fax: (610) 645-0111

Montgomery County Divorce Attorney Disclaimer: The divorce, visitation, child support, child custody, spousal support, or other family law legal information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer or attorney client relationship. Any results set forth here were dependent on the facts of that case and the results will differ from case to case. Please contact an attorney at our law firm office. This web site is not intended to solicit clients for matters outside of the State of Pennsylvania.

© 2018 Law Offices of Sheryl R. Rentz. Serving Chester County, Montgomery County, & all counties in Pennsylvania.

Website Design, SEO and Legal Internet Marketing by: SLS Consulting