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…
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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…
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,…
Divorce Mediation: Preparing Your Case
Now that you have made the wise decision to mediate your divorce case, it’s time to do your homework. As you know, mediation provides a mechanism for disputing parties to reach an amicable and well thought out resolution to a divorce, without having to depend on the court to make decisions for you and your…
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…
8 Pieces Of Advice For Divorce In Your 20s
It’s easy to be hard on yourself when going through divorce in your 20s. While all your friends are busy planning their weddings on Pinterest, you’re planning a new life without your spouse and dealing with mounting legal bills. To make the process a little easier, we asked experts — divorce lawyers, psychologists and financial…
5 Ways to Help Your Kids Thrive After Divorce
Divorce is prevalent in American culture nowadays. All divorces are painful, but those between parents of small children can be particularly hard, since you worry about your children’s emotional welfare on top of all of the other stressors involved in your divorce. Amidst all of the pain and chaos of your divorce, making sure the…
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)…
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