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…
Divorce and Finances
Who gets the house in a divorce?
Q: I’m getting a divorce. Who gets the house when the divorce is finalized? A: The short answer is, it depends. There are many factors that must be considered in determining who gets to keep the marital home during a divorce. Q: What factors are considered in determining who gets the marital home in…
Property Division in a Divorce
Q: What is martial property? A: Massachusetts law has a very broad definition of marital property. It defines marital property as property owned by either or both spouses, whether acquired during the marriage, or prior to the marriage. This means that if property is in only one spouse’s name, or was bought before the marriage,…
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…
Am I Going to Have to Pay Alimony?
With the enactment and implementation of the Alimony Reform Act in 2012, a popular topic among divorcing spouses is whether one spouse will be required to pay the other spouse alimony. With the Alimony Reform Act, the guidelines and requirements for awarding alimony have changed. At the cornerstone of alimony is case law that has…
Winning the Lottery and Then Getting Divorced
The odds of any person winning the lottery are very slim. However, if someone does win the lottery, and he/she is married at that time, under Massachusetts law, the lottery winnings are a marital asset. Under Massachusetts law, all property owned by one spouse individually, or both spouses jointly, is considered marital property. That means,…
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)…
Getting divorced without breaking the bank
Jennifer Zoschak, a partner in the family law firm of Oswald & Zoschak in Lawrenceville, New Jersey, handled the divorce of a couple that had been married for more than 20 years. The wife-who she represented-earned 40 percent less than the husband, so Zoschak knew that alimony would likely be part of any settlement they…
Certain changes in financial behavior and conversations about money are sure-fire signs that your spouse is preparing to split up.
Over 25 years, I’ve worked on the financial aspects of more than 1,300 cases of divorce. Rarely are both spouses in sync when it comes to filing; one spouse is usually laying the groundwork before the other. In hindsight, most people on the receiving end of the filing have their “aha!” moment. One homemaker told…
You must be logged in to post a comment.