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Distributive tax knowledge will keep those negligence claims away

Monday, July 24, 2017 @ 8:39 AM | By Leena Yousefi

A tax topic that is becoming increasingly important and a fixture in family law corporate division is distributive taxes. This concept can attract negligence claims against a lawyer who does not consider them for his or her client. When it comes to division of family property, consideration of distributive taxes or lack thereof may mean gaining or losing hundreds of thousands, if not millions, of dollars for a spouse.

What are distributive taxes?

Distributive taxes are taxes payable at the time a corporation sells some or...