Everyone has their own reason for wanting a divorce, but anyone who goes down this path does so with the idea of creating a better life in the future. While you focus on the details of your divorce, you should come to grips with the reality that you’ll be co-parenting...
What will happen to your family home in divorce?
When going through a divorce, you’re likely to have concerns about property division. While there are many assets subject to division, it’s your family home that typically moves to the front of your mind. The question of what will happen to your family home in divorce...
How do you address the emotional toll of a divorce case?
Our readers in Massachusetts know that divorce can have a substantial impact on the lives of all involved, which oftentimes includes a soon-to-be ex-spouse and their children. In a divorce case, property and debt will be divided, alimony might be debated, and child...
Understanding special needs pooled trusts
Many families in Massachusetts have at least one child with special needs. Planning for the future economic well-being of such a child is often a heavy burden with unforeseeable consequences. One method of easing that burden and ensuring a favorable outcome is the...
Planning for a special needs child in a divorce settlement
Divorce, even a simple one, can be one of life's most taxing experiences. If a child is involved, the experience can become even more stressful. And if the child has special needs, the experience may seem to tax the emotional resources of both parents beyond their...
Options for how to divide a family business in a divorce
Massachusetts couples who own a family business together but are ending their marital or personal relationship have many important options to consider when it comes to what they want to do with the business moving forward. This decision can have a huge financial...
Dividing retirement plans calls for special care
Many Springfield, Massachusetts, residents have a lot of wealth tied up in their retirement plans. These plans are often offered through one's work. Plans, including pensions and 401(k) investment plans, are a common way of saving money up for retirement, as they...
How tax change in alimony might affect negotiations
Because it marks a once-in-75-year change, this blog has written previously on the federal government's recent decision to adjust how alimony is treated for federal income tax purposes. To summarize our previous posts, any Massachusetts alimony order finalized on or...
A final reminder about alimony and taxes
Although this blog previously discussed this, with the end of the year approaching, this is a great occasion to remind Massachusetts residents of upcoming changes in the way alimony gets handled for tax purposes. For divorces and other orders finalized before the end...
How would an offshore account be treated in a divorce?
The idea of an offshore account may connote some sense of mystery or even inherently illegal activity. However, the reality is that offshore accounts are simply bank or investment accounts that are held in foreign countries. Residents of Springfield, Massachusetts,...
