Want a Divorce? Then Do It Right Now or Pay Much Bigger Tax Bill
- Tax overhaul kills alimony deduction for divorces after 2018
- Reaching a deal soon could mean tens of thousands in savings
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When a rich couple splits, divorce attorney Lowell Sucherman gets blunt.
“Look I’ve been doing this for 50 years,” he says early in the negotiations. “I know how this case is going to come out within a few dollars.” Find a fair way to settle quickly, he says, and you can save enough in legal fees to send your kid to college. Or, you can fight tooth and nail, he adds, “and I’ll send my grandchildren to college.” His warnings only work some of the time.