Gloucester MA Divorce and Taxes Attorney

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Representing Clients Facing Divorce and Tax Consequences

Are you facing a divorce? Taking proper measures now can help you avoid tax difficulties that may arise in the future. In fact, planning effectively during a divorce can actually increase the value of your property.

At David M. Gabriel & Associates, we understand the potential tax consequences that may arise as the result of divorce. We assist our clients in protecting the value of their marital property. We help clients properly evaluate assets and debts while formulating a plan to divide their property while taking advantage of tax benefits.

To make an appointment with David M. Gabriel, an attorney experienced in handling divorce and tax consequences, contact our Salem, Burlington or Beverly law offices at 978-712-4825 or 978-998-6829.

Advising You Regarding Divorce and Potential Tax Consequences

At David M. Gabriel & Associates, we work hand-in-hand with a CPA to help clients form a beneficial strategy to divide assets, determine the payment of alimony and child support and plan for college tuition funding. We assist clients in performing an analysis of their respective incomes, taxes and liabilities. Then, we develop a practical plan that can be used in generating a separation agreement.

We will offer practical advice regarding the following tax issues that often arise in divorce:

  • Alimony and child support tax consequences
  • Non-qualified property transfers within the marriage
  • Selling the marital home and any capital gains or losses that go with the sale
  • Contributions to 529 college savings plan
  • Exemptions for dependents
  • Filing taxes as head of household
  • Tax deductions

Qualified Domestic Relations Orders

A qualified domestic relations order (QDRO) is a court order required in certain situations to divide retirement or pension plans, allowing this property to be split in divorce. We draft QDROs and help clients divide their annuities, pensions and retirement plans. We help them avoid tax penalties that often arise as a result of the division itself.

Contact Our Law Offices in Beverly, Salem or Burlington

To speak with an experienced lawyer regarding your divorce and potential tax consequences, contact us by calling 978-712-4825 or 978-998-6829.