Last week we discussed Bitcoin and other cryptocurrencies in general, focusing on what they are and their ever-increasing usage by consumers to buy merchandise and by merchants to get paid. We also discussed how digital currencies are used extensively for darker purposes, such as to launder money or hide assets, often during a divorce. This…
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Have any of your clients or potential clients yet asked you if you accept Bitcoin for payment of your legal fees? If not, someone soon will. Assuming you accept this most popular form of cryptocurrency, a/k/a digital currency, a simple “Yes” will suffice. They will smile and that will be that. If you don’t, however,…
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As a family law practitioner who handles numerous divorces, you undoubtedly already know that the Tax Cuts and Jobs Act passed by Congress late last year and signed into law by President Trump on December 22, 2017, eliminates the alimony deduction that has been a staple of divorce negotiations since 1942. Precisely how the new…
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Say you are a family law attorney with a high-asset divorce client. He told you during your initial consultation that he owns a family business. He also told you that it would pose no problems with regard to his divorce because his wife has never worked for the company, nor has she ever been particularly interested…
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