The Use of 529 Plans in Pennsylvania and Divorce

The Use of 529 Plans in Pennsylvania and Divorce

By: Carolyn Mirabile Parents often use 529 Plans to save money for college. It is a great tool that provides a tax deduction in Pennsylvania and provides tax-free withdrawals so long as the funds are used for college-related expenses as defined in the Code. Under the new provisions which became effective January 1, 2020, 529 Plans may also be used to pay up to $10,000 towards student loans. This makes the 529 Plan an even better option for...

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Let’s Talk Family Law Podcast: Let’s Talk Calculating Income in Support

Let’s Talk Family Law Podcast: Let’s Talk Calculating Income in Support

Click here to listen.  The fifth episode in our “Let’s Talk Family Law” series features our Attorney, Carolyn R. Mirabile and her special guest, Mark H. Bradford, CPA, CFE, as they discuss complex support issues in family law cases. Mark is an expert in forensic accounting at Asterion Consulting in Philadelphia. He specializes in assisting clients in family law matters and has been qualified as an expert throughout the...

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YOU’RE NOT ALONE

YOU’RE NOT ALONE

Over the recent holiday break, my family and I went on vacation, which involved travel by plane. On the one hand, plane travel allows us to see things and do things our grandparents never dreamed of; but on the other hand, traveling at a reasonable price involves being confined in a metal tube and seated in an uncomfortable and claustrophobic position for hours on end. For better or for worse, airlines put a small video screen in the back of the...

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Let’s Talk Family Law Podcast: Let’s Talk Man to Man

Let’s Talk Family Law Podcast: Let’s Talk Man to Man

Click here to listen.  Family Law Attorneys Lawrence J. “Skip” Persick and John Zurzola delved into specifics about how to navigate family law cases in Pennsylvania as a man/father. In this episode, they discuss protection from abuse orders, divorce, child custody and child support. Skip and John also examine the financial side of things by reviewing earning capacity, tax credits and equitable distribution. They cover each of...

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When a Spouse’s Financial Decisions Affect Your Credit

When a Spouse’s Financial Decisions Affect Your Credit

More often then not, clients are contacting us about loans they never secured, credit cards they never used, and even tax returns they never reviewed or filed for companies they never knew they owned. Sometimes, clients won’t learn about a loan or credit card their spouse secured in the client’s name until a debt collector contacted them or they received a letter in the mail for nonpayment. This can be damaging to a spouse’s credit and...

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