divorce and money

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…

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…

Child Support, Alimony & Taxes

When going through a divorce, there are many financial issues that spouses must address. Some of these financial issues have tax consequences, and other financial issues do not. One area where taxes come into play is support. Under Massachusetts Law, there are two categories of support. The first category is alimony, which is the periodic…