What effect does Divorce have on Will and POAs?

Dear Mr. Premack: My husband and I have just divorced after an 8-year long second marriage. We each have children from our first marriages. While we were married, we made Wills that left everything to each other. Then our Wills said that if we died together in an accident or something, everything would go half…

Support Payments Are Taxable Income

Dear Mr. Premack: After nearly forty years, I am recently divorced. Part of the divorce agreement was that my (now) ex-husband has to pay support to me. Does that support have to be included in my income? — VF I would suggest you ask your accountant, but Federal law states that routine support payments received…