Category Archives: Family and Divorce Financials

Massachusetts Divorce & Taxes

By Massachusetts divorce lawyer and mediator Katherine Thomas Forget abut death and taxes, what about divorce and taxes? If you are getting a Massachusetts divorce, you have a lot to think about.   To make matters even more interesting, tax season is here. Please curtail your excitement. Tax commercials flood the airwaves, people stand in silly costumes by the side of the road, and the W2s have arrived.  CPAs retreat to the dark, deep chambers of their lairs. Completing and filing taxes can be painful enough (especially when you find out you owe more money to Uncle Sam), but couples who […]

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Home Alone – Should You Really Keep the House After Your Massachusetts Divorce?

By Massachusetts divorce lawyer and mediator Stephen McDonough of  The Divorce Collaborative LLC The marital home is oftentimes a couple’s largest financial asset. Unfortunately, home values remain depressed and your real estate is also probably your largest expense. Part of property settlement discussions surrounding a divorce whether you are in divorce mediation or having a litigated, court-based case, involves whether one spouse or the other – or neither – should stay in the house.  Before agreeing to take over the house, also known as the marital home, do your homework and consider these  helpful pointers: First, check your credit score.  […]

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Massachusetts Divorce – Don’t Try This At Home!

By Stephen McDonough, Massachusetts divorce lawyer and mediator serving the Lexington, Medfield, and Worcester areas. The September 2012 issue of the trusted Consumer Reports magazine did an interesting piece about some of the web-based do it yourself services that claim to allow people to complete their own legal documents. To read the article, click here. So what did Consumer Reports think about service such as Legal Zoom, Nolo, Quicken’s WillMaker and Rocket Lawyer? In a nutshell they were not impressed and concluded that many consumers would be better served by consulting with their own lawyer.  Yeah, I know.  I am a lawyer so you […]

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Cohabitation, Alimony and Modifications in Massachusetts – Three’s Company

By Katherine Thomas, Esq. In case you missed it, a new Massachusetts alimony law went into effect in March of 2012. The Alimony Reform Act brought many changes to spousal support in Massachusetts, not the least of which being the official introduction of cohabitation to the statute. Under the new alimony statute, “general term alimony may be suspended, reduced, or terminated upon the cohabitation of the recipient spouse when the payor shows that the recipient spouse has maintained a common household…with another person for a continuous period of at least 3 months.” M.G. L. Ch. 208 s.49. Gone are the […]

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Life Insurance & Massachusetts Divorce…The Sequel

Nancy Van Tine from Burns & Levinson is a fellow Massachusetts divorce lawyer, neighbor, and all around nice person.  Nancy’s blog can be found here:  www.massachusetsdivorcelawmonitor.com Last week I blogged about life insurance, and Nancy recently blogged about life insurance also.  We must have both had some interesting issues with life insurance going on, or were under the control of some strange alignment of the solar system.  Either way, everyone knows you can never get too much information about life insurance! Nancy was kind enough to mention me in her post, and I wanted to provide a link to her […]

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Massachusetts Divorce and Life Insurance

By Bedford and Franklin, MA divorce mediator and divorce lawyer Stephen McDonough, Esq. Life insurance can serve an important function in your Massachusetts divorce agreement. Before you can understand the key role life insurance plays in your divorce, knowing about the main policy types is helpful.  So, sit down and grab some napkins while we embark on an exciting journey into the world of life insurance! Two Types of Life Insurance – Chocolate & Vanilla  It is almost summer time, so imagine soft-serve ice cream…I frequently do…OK, stop. With soft-serve ice cream, two basic options exist, chocolate or vanilla.  If […]

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Massachusetts Divorce FAQ – Moving Out

By Massachusetts divorce lawyer and divorce mediator Stephen McDonough of The Divorce Collaborative LLC of Bedford and Franklin, MA. If you are getting a Massachusetts divorce, can you make your spouse move out of the marital home, or can your spouse make you leave the house? Should you move out voluntarily?   Is it OK to wear white pants after labor day? With the exception of the fashion question, these are some of the most frequent questions our Massachusetts divorce and mediation clients worry about.   The best answers to these questions really depend on your specific situation, so get […]

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Massachusetts Divorce – Handling Joint Debts

Thanks to our great economy, dealing with debt is a bigger part of divorce cases.  More then ever before, divorcing clients are facing short sales or foreclosure of real estate, bankruptcy, and significant debt load. During a Massachusetts divorce, what are some of the issues you should consider surrounding joint liabilities?  There are many variables to consider, so remember this is just general information.  Debts and liabilities fall under the larger umbrella of property distribution. Savvy readers of our website know that property division in Massachusetts must be…..?   Anyone?   Anyone? Answer:  Equitable!   Or fair.  But not necessarily […]

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The $199.00 Massachusetts Divorce…or Not!

Didn’t your parents always tell you…?  “You get what you pay for!”  There’s nothing worse than scoring a seemingly great deal, only to have something fall apart 20 minutes after you bought it.  When it comes to professional services, nothing could be more accurate.  I recently helped a couple mediate their divorce after the Judge REFUSED to accept their divorce separation agreement they purchased online.  Their court financial statements were not completed properly and were not allowed by the court.  This was an educated couple with good jobs and income.  Some of us appear in court for a living, but […]

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Child Support in Massachusetts – Don’t Be On the Naughty List

Massachusetts divorce and child support lawyer Colleen Cunnally was quoted in an article about collecting child support by Jennifer King on the Lawyers.com website today.   The article discusses the case of a mother from West Virginia and her efforts to have the court enforce her child support order against her ex-husband.  The article also highlights some of the challenges involved with collecting child support or alimony and public and private enforcement options. Click here to read the article. Are you owed back child support or alimony in Massachusetts?  If so, then the payor is in arrears and definitely on the […]

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