A change in tax deductions regarding alimony has lead to an influx of clients looking to expedite their divorces.
Nikki Edwards, Phillips Murrah Director and Family Law Attorney, was quoted in a Journal Record article addressing the circumstances agreeing with Ron Little, McAfee & Taft Family Law Attorney.
Phillips Murrah Family Practice Law Director Nikki Edwards said she’s seeing the same issues from her clients as Little. She has clients who are trying to get the agreement finalized in a few weeks, while others are willing to push it into 2019.
“It was a surprising change because it’s been well-settled for many years,” she said. “The impact will be to restructure the settlement negotiations.”
She said from a practitioner’s standpoint, the change gets back to why alimony was created, which is predicated on one’s ability to pay versus one’s need.
“(The new law) will take out the thoughts of paying more because of the tax benefit,” she said. “It takes out the incentives for both sides.”