Koiles Pratt Family Law Group
Koiles Pratt Divorce and Family Law
When navigating through divorce in Massachusetts, alimony can provide a life raft for financial stability. But specific questions often come up, particularly during tax planning season: Is alimony taxable as income? Are the payments tax deductible for the payor? Well, it’s more complex than a yes or no. Federal and…
Read MoreThe divorce process in Massachusetts has many components, and one question that often arises is: What exactly is alimony or spousal support in Massachusetts? Simply put, alimony is financial support that one spouse provides to the other during or after the divorce. Many states now refer to alimony as spousal…
Read MoreAs a parent, your child’s well-being is your number one priority. So when facing a divorce, the question that often looms largest is, “What will happen to my kids?” This concern is one that can keep you up at night, stirring a mix of fear, confusion, and endless ‘what-ifs.’ Let’s…
Read MoreAfter years of late-night studies, rigorous exams, and countless cups of coffee, one partner in a marriage earns a prestigious professional degree. It’s a moment of pride and a promise of future earnings. But when the tides turn and divorce looms, the value of that degree becomes a complex puzzle…
Read MoreWhen you’re navigating a divorce in Massachusetts, understanding assets such as stock options and RSUs (Restricted Stock Units) is crucial. Stock options give an individual the right to buy shares of a company’s stock at a set price, while RSUs are company shares given to an employee which vest over…
Read MoreIn the bustling streets of Salem and across Massachusetts, a new kind of currency has entered the conversation. Cryptocurrency, once the domain of tech enthusiasts, has moved from the digital fringes to center stage. It’s not just changing the way we transact; it’s altering the landscape of divorces, especially when…
Read MoreWhen you think about divorce, the typical assets that come to mind might be your home, vehicles, and personal savings. But what if you or your spouse has assets outside of Massachusetts – or even outside the United States? If you’re in this situation, understanding how international assets are approached…
Read MoreThe complexities of a divorce can be daunting, especially when significant assets are involved. One tool that couples often use to mitigate these complexities is a prenuptial agreement. These agreements can bring a certain degree of predictability to the divorce process by outlining how assets will be divided. However, what…
Read MoreHigh asset divorces come with their own set of unique challenges, often involving complex financial structures and significant assets. In Massachusetts, these types of divorces aren’t only about financial matters, but also confidentiality concerns. It’s a delicate balance between accurately representing assets and ensuring sensitive information remains confidential. Confidentiality: A…
Read MoreWhen dealing with a high asset divorce in Massachusetts, understanding the tax implications is key. High asset divorces can often entail complex financial portfolios, including shared businesses, real estate properties, retirement accounts, and various investments. The division of these assets can impact your tax liabilities significantly. Not being aware of…
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