OT ? about divorce
Hello fellow FFofA,
Just trying to figure a few things out and hoped someone here might have some words of wisdom.
I have been looking over the divorce papers for my state and the situation that I am in, makes divorce fairly simple and pretty straight forward. We do not have any minor children (both in college), willing to split debts and assets 50/50, so for the most part that part is an open/shut deal. And at this time of year, the turnaround is merely a few days if we self file, so it could be over next week, if I filed today.
My question is this: are there benefits or liabilities to having our divorce be final prior to the end of the year? I am thinking tax consequences. Would it be better to wait until the beginning of the year?
Does anyone have any experience with this?
Thank you.