Newsletter 36: The Marriage of Collins: Turning a $4,000 Client Investment into a $300,000+ Savings in Spousal Support

 By Ron J. Anfuso, CPA, ABV, CFF, CDFA, FABFA

Melvin and Maureen Collins were married for thirty-five years. In 2005, the couple separated and subsequently divorced. Melvin, who was the sole breadwinner, has been employed as a professor of economics at a prestigious Orange County university. During their marriage, Maureen was a stay-at-home mom. Their divorce settlement included a monthly spousal support award to Maureen of $7,500, which Melvin paid to her through 2015.

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