Hogan Injury > Blog > divorce

The Complexities of Personal Injury and Divorce

By | May 11th, 2018

Personal injury and divorce are two of the most overwhelming and upsetting experiences that could happen to a person. Unfortunately, studies have shown that there is a correlation between these two devastating events. The likelihood of a married couple separating and getting a divorce after one of them gets injured is higher than the national average, especially when the injured individual sustained a Traumatic Brain Injury or TBI. The matter of dividing a couple’s assets during a divorce can be a very complicated process that needs the skills.

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Basic tax matters in family law?

By | February 12th, 2018

Throughout each family case there are several tax implications that come to pass. Below is a brief outline of the most common tax implications: Property Transfers: Per the Internal Revenue Code section 1041, transfers of property between former spouses as an incident of divorce is tax free. No gain or loss is recognized on such transfers. Incident to a divorce means the transfer occurs within one year of the marriage ceasing and is related to the cessation of the marriage (such as through a Judgment or Marital Settlement Agreement). Except.

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