Divorce and Finances

Cryptocurrency and Divorce

by Attorney Talia Simonds In Massachusetts, the Probate and Family Court requires spouses to make a full financial disclosure in a divorce in order for the divorce to be granted.  That is accomplished through exchanging Rule 401 Financial Statements, exchanging Rule 410 financial disclosure, and conducting discovery through  interrogatories, requests for production of documents, and…

Financial Disclosure in a Divorce

When spouses are going through a divorce, a common concern is that their husband/wife will not fully disclose their assets.  In Massachusetts, to protect against this issue, the Court issued Supplemental Probate Court Rule 410, in which both parties must exchange certain financial information within 45 days after the defendant was served the summons and…

Massachusetts Alimony Reform Act: When Does my Alimony Obligation Terminate?

In March 2012, the Massachusetts Alimony Reform Act became effective. Under the Alimony Reform Act, a spouse’s alimony obligation now has a termination date, whereas under previously Massachusetts alimony law, a spouse’s alimony obligation could last forever. To determine when your alimony obligation will terminate, you first must know what kind of alimony you are…

Rehabilitative, Transitional, and Reimbursement  Alimony in Massachusetts

Q: What are Reimbursement Alimony, Rehabilitative Alimony, and Transitional Alimony? A: There are 4 types of alimony under Massachusetts law.  The four types are: General Term Alimony Rehabilitative Alimony Reimbursement Alimony Transitional Alimony Rehabilitative Alimony Q: What is Rehabilitative Alimony? A: By the statute’s definition, Rehabilitative Alimony for a recipient spouse who is expected to…