Divorce and Income Taxes After the 2017 Tax Act
May 2019
Divorce and Income Taxes After the 2017 Tax Act
Sponsored by the CBA Trust & Estate Section
Program Description
For over 75 years, the paying former spouse could deduct spousal support or maintenance payments, also referred to as alimony, for federal income tax purposes while the recipient included the payments in taxable income. The 2017 Tax Act eliminated the alimony deduction for payments made pursuant to a divorce or separation agreement executed after December 31, 2018. The presentation will discuss Colorado’s statutory response to the repeal of the alimony deduction as well as the use of trusts to structure divorce settlements.
Another law change under the 2017 Tax Act – the repeal of IRC . 682 – should be considered when creating new trusts and, in some cases, may require restructuring existing trusts. IRC ยง 682 protected the grantor from the consequences of grantor trust status by providing that, if spouses are divorced or separated under a written separation agreement, the amount of income one of them is entitled to receive from a trust created by the other will be included in the recipient’s gross income, not in the gross income of the grantor.
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Agenda:
Tuesday, May 7, 2019
PROGRAM AGENDA
11:30 AM – 12:00 PM
Registration
12:00 PM
Divorce and Income Taxes After the 2017 Tax Act
Presented by Louisa M. Ritsick, Esq., Bryant & Ritsick LLC, Denver, CO
1:00 PM
Adjourn
MEET YOUR PRESENTERS
Louisa M. Ritsick currently provides estate and tax planning services to clients as a partner at Bryant & Ritsick LLC. She concentrates on estate and tax planning for individuals and families, and probate and trust administration. In addition to advising individuals and families, she also advises individual and professional fiduciaries regarding the legal and ethical issues arising in the context of fiduciary representation and estate and trust administration.
Program Series Chair
Josie M. Faix, Esq.
Balson & Faix LLP
Centennial, CO
Location Information
E1 - CLE Large Classroom
1290 Broadway Street, 17th Floor
Denver, CO 80203
Get directions
1290 Broadway Street, 17th Floor
Denver, CO 80203
Registration Fees
| Non Member | $59.00 |
| CBA Member | $39.00 |
| CBA Elder Law Section Member | $29.00 |
| CBA Trust & Estate Subsection Member | $29.00 |
| New Lawyer Edge Partner | $19.50 |
| CLEACCESSPASS--ELITE Pass Holder | $0.00 |
- General Credits: 1.00
- Ethics Credits:
- EDI Credits:
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Sponsor Information
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