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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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Tax Consequences in Divorce: Child Support v. Alimony

Now that the holidays are over, we are all starting to think about filing our 2014 income tax returns.  Before filing your returns, it is important to communicate with your accountant regarding certain Probate and Family Court orders that may impact your filing.  There are Tax Consequences in Divorce. For instance, you should be sure…
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