When Governor Kim Reynolds signed Senate File 513 into law (effective July 1, 2025), she fundamentally changed how divorced parents in Iowa handle college expenses. The new legislation eliminates Iowa courts' authority to...more
Modern day divorce brings us assets in many forms and many of them are “pregnant” with tax consequence when they are divided. In almost all cases, couples who can’t agree on much do tend to acknowledge that money they have...more
In a divorce case, the Court has the task of determining whether the parties’ assets are marital or separate property. Once this determination is made, the Court will allocate the assets to each party in an equitable...more
We have written about 529 Plans a few times before. The major points of those articles are: (a) 529 Plans are marital assets under Pennsylvania law; and, (b) 529 Plans can be UTMA (Uniform Transfer to Minor) Accounts in...more
So you have an estate plan? Good for you. You funded it? Even better. But have you updated it and your will in the last year? If you haven’t, your loved ones or favorite charities may be in for an unpleasant surprise. Your...more