As you enter into your divorce proceedings in Lexington, one asset that you will want to prepare for when dealing with property division is your 401k. Many often ask us here at Kajko, Weisman & Colasanti, LLP why their 401k’s are considered marital assets when such account are funded through their individual employment efforts. We remind them that the income they earn
Long gone are the days when getting a divorce is an unusual thing for couples in Massachusetts but simply the act of getting divorced is not the only thing that has changed over the past several decades. Even the face of divorce itself looks different today than it once did. A generation or more ago, it could all but be
No matter what time of year you get a divorce in Massachusetts, one thing to always keep in mind is the tax liability of any decision you make as part of your settlement. This is especially true in a high net worth divorce situation because you are most likely to have accounts that will face huge tax burdens if they
One of the most stressful things about divorce is figuring out how to start over. This is particularly true if your soon-to-be ex made significantly more money. Before you panic, you should know you may be eligible for alimony. Here are the rules about alimony in Massachusetts. When deciding alimony, the court considers several factors. According to the Commonwealth of Massachusetts,
Although there are many reasons why couples come to the conclusion that their marriage needs to end, a partner’s unfaithfulness is responsible for many divorces. Some people may cheat on their spouse one time and deeply regret what they have done, while others may have little or no regard for their actions. Sometimes, these affairs may go on for years
An old painting can be worth a lot of money, so if you and your spouse jointly own such a piece of art, you want to be sure how much the painting is actually worth. Massachusetts couples who end up divorcing face the thorny question of who gets the painting, and in some cases the painting ends up being sold
A divorce is a painful time. You are moving forward with a new life that you will no longer share with your soon-to-be ex. You have many things to consider, particularly if you have a substantial amount of assets. You want to get what is fair. Here are four things to think about when you are going through a high
It is no secret that every Massachusetts divorce is different and that what works for one divorcing couple may not necessarily do so for the next. In other words, if you or your spouse are particularly high earners, or if one of you has an especially complicated financial profile, your divorce may take longer than one involving two low-income earners
Nobody expects divorce to be easy, but some of the complications Massachusetts couples have when they decide to formally end their marriages would probably surprise you. Many of the things you simply shared during your partnership would likely take on a whole new aspect after you decided to split up. Artwork is one of the more complex assets you would
As an entrepreneur in Massachusetts, protecting your business against all risks is crucial. However, many business owners neglect to safeguard their business against divorce, which can result in lost assets and ownership. Accordingly, Inc. recommends the following steps to ensure your enterprise remains protected even at the end of your marriage. Create a prenuptial agreement Before getting married, make sure you have
As you enter into your divorce proceedings in Lexington, one asset that you will want to prepare for when dealing with property division is your 401k. Many often ask us here at Kajko, Weisman & Colasanti, LLP why their 401k’s are considered marital assets when such account are funded through their individual employment efforts. We remind them that the income they earn
Long gone are the days when getting a divorce is an unusual thing for couples in Massachusetts but simply the act of getting divorced is not the only thing that has changed over the past several decades. Even the face of divorce itself looks different today than it once did. A generation or more ago, it could all but be
No matter what time of year you get a divorce in Massachusetts, one thing to always keep in mind is the tax liability of any decision you make as part of your settlement. This is especially true in a high net worth divorce situation because you are most likely to have accounts that will face huge tax burdens if they
One of the most stressful things about divorce is figuring out how to start over. This is particularly true if your soon-to-be ex made significantly more money. Before you panic, you should know you may be eligible for alimony. Here are the rules about alimony in Massachusetts. When deciding alimony, the court considers several factors. According to the Commonwealth of Massachusetts,
Although there are many reasons why couples come to the conclusion that their marriage needs to end, a partner’s unfaithfulness is responsible for many divorces. Some people may cheat on their spouse one time and deeply regret what they have done, while others may have little or no regard for their actions. Sometimes, these affairs may go on for years
An old painting can be worth a lot of money, so if you and your spouse jointly own such a piece of art, you want to be sure how much the painting is actually worth. Massachusetts couples who end up divorcing face the thorny question of who gets the painting, and in some cases the painting ends up being sold
A divorce is a painful time. You are moving forward with a new life that you will no longer share with your soon-to-be ex. You have many things to consider, particularly if you have a substantial amount of assets. You want to get what is fair. Here are four things to think about when you are going through a high
It is no secret that every Massachusetts divorce is different and that what works for one divorcing couple may not necessarily do so for the next. In other words, if you or your spouse are particularly high earners, or if one of you has an especially complicated financial profile, your divorce may take longer than one involving two low-income earners
Nobody expects divorce to be easy, but some of the complications Massachusetts couples have when they decide to formally end their marriages would probably surprise you. Many of the things you simply shared during your partnership would likely take on a whole new aspect after you decided to split up. Artwork is one of the more complex assets you would
As an entrepreneur in Massachusetts, protecting your business against all risks is crucial. However, many business owners neglect to safeguard their business against divorce, which can result in lost assets and ownership. Accordingly, Inc. recommends the following steps to ensure your enterprise remains protected even at the end of your marriage. Create a prenuptial agreement Before getting married, make sure you have
