Koiles Pratt Family Law Group
Alimony
At first glance, alimony and child support seem quite distinct. Child support goes to support children, while alimony supports a former spouse. However, when you consider that the former spouse is the one accepting and using the child support payments, the differences start to blur quickly. The reasons for granting…
Read MoreIs alimony taxable? The short answer is that it might be. Depending on when your divorce decree or separation agreement became effective, the IRS may tax your alimony payments. Here is a guide to when alimony is taxable and when it is not taxable. How Does the IRS Define Alimony?…
Read MoreOne of the most difficult elements in any divorce is settling financial issues such as alimony. Although the party with greater earning potential may be expected to provide support to the other spouse for a time, the duration of alimony payments can be affected by many factors. How does retirement…
Read MoreAlimony, which is support paid to an economically disadvantaged spouse after a divorce, can understandably become a huge bone of contention during divorce. So you might be relieved to find out that you and your spouse have incomes that are close enough together that an order to pay alimony from…
Read MoreWhen one spouse makes substantially more than the other, that can lead to greater financial issues for the spouse with less earning potential after a divorce. Particularly if that spouse stayed out of the workforce to care for the family home or to raise children, it may be reasonable for…
Read MoreSharing the wealth may take on a whole new meaning come the new year. As of Jan. 1, newly divorced Massachusetts residents will be experiencing alimony payments in a new way thanks to the federal government. The person making payments will no longer be entitled to a tax deduction while the…
Read MoreNew tax laws will have an impact on divorce issues. Those laws will have a definite impact on alimony payments in Massachusetts. They take effect on Jan. 1, 2019. So those who are considering divorce should know that as of that time payers of alimony won’t be able to deduct those…
Read MoreLife between ex-spouses after divorce can sometimes be difficult or tense. This may be especially true if alimony payments are involved, as some divorced couples in Massachusetts may have noticed. There are many people across the country who have difficulty collecting their alimony payments and are forced to turn to the courts.…
Read MoreMany Massachusetts divorcees are familiar with support payments. Ex-spouses across the country are required to pay alimony each month. Some of these people, however, do not make their payments on time or at all in some cases. Even celebrities like John Schneider must face the consequences when they fail to make their alimony…
Read MoreMarriage and divorce have changed significantly in recent years. This is partially due to how traditional gender roles have changed over time. In Massachusetts and across the country, it is becoming more common for women to be the family breadwinners. This has had an noticeable effect on divorce as well.…
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