Australian Spouse Ordered to Repay 200K in Alimony Because of Undisclosed Inheritance

Have you considered all the ways an inheritance in West Palm Beach  could change your financial plans? Are you going to be part of a higher income tax bracket? What about your rights to other funds from other sources? Did you hear about the divorcee who has to return over $200,000 in alimonybecause the court did not take into account her millions in inheritance and trusts?

Inheritances in West Palm Beach

• You may not have to pay income tax on your inheritance in West Palm Beach but watch out it could still alter your finances.
• Why do you think people sometimes disclaim or waive their right to an inheritance?
• Watch out you may end up in a higher tax bracket if you are receiving income fromtrusts or inherited stocks.
• Have you informed your West Palm Beach accountants of this new found income?
• Experienced West Palm Beach probate litigators know that you can structure an inheritance in a couple of ways to minimize financial burdens like taxes.
• In fact we have not even touched upon the estate tax.
• If you are talking about an estate worth over five million or ten million from a married couple you may be on the hook for a forty percent estate tax!
• Keep in mind that your inheritance might also effect your candidacy for certain state aide, federal aide and more importantly for those going through a divorce the right to alimony!
• Check out this recent dispute out of New Zealand where an heiress has been ordered to repay almost a quarter of a million dollars in alimony when the judge considers her hidden assets!

South Australian Heiress Owes Big

• For legal reasons the parties names cannot be mentioned here but a wealthy couple decided to divorce.
• The wife asked for maintenance and child support payments commensurate with themillion-dollar salary her husband was making.
• She ended up getting some very lucrative payments totaling well over two hundred thousand dollars!
• On appeal the court saw that the trial court had ignored millions that the woman had inherited through family trusts.
• They then ordered her to repay her husband the maintenance funds!
• Are you worried that you may have inherited funds that are going to alter your ability to manage your finances?
• Experienced Probate Attorneys in West Palm Beach know how to structure your inheritance to work for you.

Want to learn even more about this odd case?

Check out the entire case by clicking here.