Infinity Law Group LLC
How do you fill out a Financial Statement for a Massachusetts Divorce?
Any time there is a dispute or issue in a Probate and Family Court, the court requires that a complete and up-to-date financial statement be submitted. Many people think that this is no big deal and leave it until the day of court to fill it out. That would be a mistake. The court relies on the financial statement to calculate child…
What is Child Support Used For
“But that’s what child support is for!” I often hear this refrain, or its cousin “I understand that’s why s/he is paying child support”. More often than not, it isn’t correct in the context. People tend to think that a child support payment is intended to be the full contribution owed by a non-custodial parent, but that is rarely true. So what…
When Can my Alimony Be Modified?
If you’ve been through a divorce and are paying or receiving alimony, you can ask the court to change either the amount of the alimony or the duration of payments. Courts in Massachusetts typically grant alimony modification under one of two primary conditions: Circumstances used to determine alimony have changed. For example, if the financial situation of either party has changed significantly,…
Massachusetts is NOT a 50/50 State
I am surprised at how often I hear both clients and attorneys tell me that in Massachusetts, when couples divorce, everything is split 50/50. That is simply not true in Massachusetts. Splitting everything 50/50 is more akin to community property states such as California. Let’s break down that sentence and examine it: Everything is split 50/50 The bolded text “everything” is correct…
Tax Consequences of Property Transfer in Divorce
Many of my clients are worried about two issues when it comes to transferring property pursuant to a divorce. They’re worried either about their house (real property) or their retirement accounts. Transfer of Real Property During the marriage, spouses can transfer unlimited money and assets between themselves – tax free. There is no transfer or capital gains tax on transfers between spouses….
