-
Make sure all the alimony
requirements are satisfied
-
Modify any pre-2001
divorce decrees
-
Use life insurance as an alimony
backstop
-
Watch out for front-loaded payments
-
Make the dependency exemption pay
maximum tax benefits
-
Analyze impact of low basis assets
if sold or transferred
-
Watch out for transfers in trust
(potential problems)
-
Avoid tax deductibility of interest
problems
-
Watch out for residence joint
ownership tax traps
-
Carefully time the residence sale
for maximum benefit
-
Do not sell your tax signature too
cheaply
-
Get an itemized breakdown of
attorney’s fees
-
Get the entire agreement in writing
immediately
-
Obtain a QDRO (Qualified Domestic
Relations Order)
-
Do not forget about social security
benefits
-
Know what the cost basis of
appreciated property is and the effects it could have
-
Make your own alimony rule (rather
than accepting the "Normal")
-
Revise your estate plan and will
within three months