Dividing up property can be a contentious process, but there are steps that family law attorneys can take to ensure their clients are prepared for the potential tax ramifications.

Remembering these eight critical considerations can help divorcing spouses avoid the costly and frustrating tax consequences that result from poor planning.

Tax carryovers, such as capital losses, net operating losses, passive activity losses, charitable contributions and Alternative Minimum Tax credits have value, much like property, and should be discussed in any divorce negotiation.