High Net Worth Divorce
Protection For Your Children
Domestic Abuse

If i receive three million one lump settlement in NY state divorce, do I pay taxes on that amount?

Q: divorcing in white plains supreme court new york state 

A: It depends on what it’s for – if it’s an “inter-spousal” transfer of assets/property, then generally the answer is no. If it’s akin to spousal maintenance, then the answer is probably yes. That said, the better person to ask that question of is an accountant. Call a Westchester Divorce attorney for more info. 

FindLaw Network