Your Pre-Nup May Be A Ticking Time Bomb

Your New York pre-nup may be a ticking time bomb.  Because of last year’s changes to the tax law, a divorce could be much more costly than you bargained for in your prenuptial agreement.  The good news is that you still have time to disarm the bomb.

Historically, maintenance in New York (alimony everywhere else) has been tax deductible to the payor and taxable as income to the recipient.  With the enactment of the new tax law in December 2017, this changed.