Going through a divorce isn’t just a change in your personal life. It also has a profound impact on your financial situation and, ultimately, your future.
At BNY Mellon Wealth Management, our experts are prepared to answer your most pressing questions about managing your wealth through divorce:
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Your trusts may not seem like a high priority when you're getting a divorce, but it's important to thoroughly review your plan with your advisors to avoid any unforeseen problems.
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.
Despite having established clever estate planning structures that work well when all family members live in the same country, affluent families may find that those same structures present unique and unexpected challenges when a member of the family lives abroad and gets divorced.
Contact us today and we will connect you with an expert advisor in our family law advisory practice.