Do I have to pay income tax when my ex-spouse and I transfer property or pay a property settlement per the terms of our divorce decree? No.  The transfer of property (or payment of a property settlement payment) pursuant to a divorce decree is not taxable.  However, you’ll want to keep in mind the future…

In a divorce, it’s likely your martial home is one of the most valuable assets you and your spouse own.  Regardless of which spouse keeps the home, the equity in the home will need to be divided.  Equity is the difference between the value of the home and the amount owed in mortgages (or other…

A major component of a divorce in Nebraska is the division of the marital estate.  The marital estate is comprised of the assets and debts acquired during the course of the marriage (except for property deemed non-marital). But how do you know which date to use to value the marital estate? What if the parties…

One of the biggest decisions to be made during the divorce process is what will happen to the family home?  This decision is more than just a legal one.  It impacts both emotions and finances. Although there are many factors to consider, generally there two options for the home – either one spouse will keep…

The marital estate includes all property, assets, debts, and liabilities acquired by the parties during the course of the marriage. The marital estate does not include property acquired through a gift or inheritance.  Similarly, the marital estate does not include property acquired by one spouse before the marriage.  If the premarital property can be easily…

During the divorce process, spouses are required to make many decisions, especially considering their children and the future of the family’s finances.  One of the benefits of hiring an experienced divorce attorney is to assist you in the decision-making process.  An experienced lawyer can help you avoid potential unintended consequences of the decisions that you…

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