If you are considering filing for divorce, you should consider engaging in mediation before filing for contested divorce. Mediation offers a fair alternative to litigation where you and your spouse determine, with the assistance of neutral third party, custody arrangements for children, financial needs of the family, and division of assets. Mediation can significantly reduce…
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Prenuptial Agreements: The Sooner the Better
People enter into Prenuptial Agreements prior to a marriage for a number of reasons, but principally because it identifies assets that will remain outside the reach of the other person and how the parties should conduct themselves in the event of a divorce or death. A properly executed prenuptial agreement will likely save the parties…
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Same Sex Marriage Rights Cases Addressed by Supreme Court
Same Sex Marriage Rights are to be addressed, in four cases, by Supreme Court. More guidance and potential legal changes regarding same sex marriage is back in the hands of the U.S. Supreme Court. In 2013, the Supreme Court decision (Windsor case) struck down the federal law, known as DOMA (Defense of Marriage Act) which…
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Tax Planning in a Massachusetts Divorce
The beginning of the year is when many think about taxes, but failing to consider tax consequences while negotiating a divorce settlement can be costly. What is involved in Tax Planning in a Massachusetts Divorce? Alimony and Child Support Alimony is deductible to the spouse who pays it, however, the IRS considers it income for…
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