In a marriage, it is not uncommon for one partner to handle the majority of the finances. This leaves one spouse with little access or knowledge over what is actually going on with assets and bank accounts. This can be a problem when it comes time to divide property and funds during the divorce. While […]
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3 alimony negotiation mistakes
Thousands of Massachusetts residents have gone through a divorce. However, some cities have couples who appear to be more prone to divorce than others. The cities with the highest divorce rates in the state include North Adams, Newburyport and Pittsfield. One of the most contentious issues that will come up in any divorce is the subject of alimony. […]
Read MoreTips for co-parenting successfully
Just because you get a divorce does not necessarily mean you completely end any type of relationship with your ex. In fact, you may end up co-parenting with your former spouse. You may need to navigate this new family dynamic that requires you to cooperate and put your children first before any resentment or anger […]
Read MoreWhen could a forensic accountant help in a divorce case?
Nowadays, divorces range broadly in terms of complexity, with some proving far more complicated and drawn-out than others. For example, young couples only married for a short time may not have much to work through. However, older couples who have considerable assets or particularly complex finances may find that dividing them up can prove timely […]
Read MoreMassachusetts father gets jail time over child custody hearing
A father who failed to attend a custody court hearing will be spending six months in jail. The man, who was living in Massachusetts at the time of the child custody hearing, was found in contempt of court for failing to attend the hearing, which was held in another state. He received the maximum sentence allowed […]
Read MoreIssues often arise when valuing a business in a divorce
Many times, a family business is a focal point in the property division phase of a divorce. The task of determining how to divide it is not an easy job, and some sticky issues may need resolving before reaching an equitable division. Determining standard of value If you and your spouse own a business, you […]
Read MoreHigh asset divorce in Massachusetts: The dissipation of assets
Some couples make the decision to divorce gently and amicably. However, some couples involved in a high asset divorce in Massachusetts might have trouble accomplishing that. There is much at stake financially and when money and assets are involved, negative emotions can run rampant, making it hard to make logical, unemotional decisions. When one spouse — […]
Read MoreNew tax laws mean a different way of treating alimony
Sharing 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 person receiving the money won’t […]
Read MoreNew laws coming in January to affect alimony payments
New 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 payments from their taxes and […]
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