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Divorce is emotionally painful, and it can also hurt financially. From splitting retirement and other assets to negotiating child and spousal support, there are tax and financial landmines that forethought and planning can help you avoid.
How will a state’s community property laws affect the transfer of assets? Divorcing couples need the answers to these and other questions, including the tax treatment of spousal and child support and who gets to claim children as dependents on their tax return after divorce.
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