Financial planning combined with proactive tax planning is imperative when going through a divorce. The court requires both parties to disclose all assets and splitting up those larger assets like real estate and retirement plans can have tax consequences moving forward. L&H CPAs and Advisors specializes in divorce tax compliance including minimizing taxes and preserving the value of assets from a divorce. When we're on your client's team, we'll answer all their financial questions and will minimize the tax liabilities associated with their divorce. We can advise on how to handle their tax filing status, estimated tax payments, and tax deductions on alimony and child support.
As both CPAs and wealth management advisors, we will not only address tax issues but will review the full financial picture of the individual going through a divorce. Divorce impacts estate planning, retirement planning, investments, philanthropic pursuits, and many other aspects of a person's finances and we can advise on all of these issues. We can also act as a personal CFO and provide other family office services to manage daily financial transactions including personal bookkeeping and bill paying.
Find out how we can control taxes and plan for the financial future of clients who are going through a divorce while you concentrate on protecting their legal interests. Call our Dallas CPA and wealth management firm at 972-421-1099 or request a consultation now to learn more.