divorce and money

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…

General Term Alimony: What is It?

  Q: What is General Term Alimony? A: There are 4 types of alimony under Massachusetts law.  The four types are: General Term Alimony: the periodic payment of support to a recipient spouse who is economically dependent. Rehabilitative alimony: the periodic payment of support to a recipient spouse who is expected to become economically self-sufficient…

How Much Will My Divorce Cost?

Many times one of the first questions a potential client will ask our firm is “How much will my divorce cost?” Unfortunately, there is no straight answer for this question. There are many variable factors that can affect how much a divorce will cost, and there is no “standard” legal fees for a divorce. One…

How Much Alimony Will I Get?

In any divorce, a common question divorce attorneys get is “Will I get alimony, and if so, how much?”  In Massachusetts this is determined under the Alimony Reform Act of 2011, which is codified at Massachusetts General Laws c. 208 §§48-54.  Under the Alimony Reform Act, there are 4 different categories/types of alimony: 1) General…

Getting Divorced? Do Not Ignore Your Credit Score (and How to Rebuild it if You Did)

Credit scores are one of the most critical finances pieces of recovering financially from a divorce. Credit scores are also one of the most overlooked pieces of post-divorce, as I’ve found by communicating with thousands of followers of my blog, WealthySingleMommy.com. I reached out to Gerri Detweiler, director of consumer education for Credit.com, and author…

Divorce and Money

you’re in the process of getting a divorce, money issues are likely to be a key point of discussion. Whether you’re the spouse of a billionaire or part of a working class couple trying to divide up the bills, money is contentious. That’s the central point of my latest book, The New Love Deal (www.NewLoveDeal.com)…