Archive | Finances

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Pre-Nuptial Agreements

By Donna Marsella, CDFA Divorce Financial Strategies, LLC As divorce and remarriage have become more common, particularly between previously married individuals, consideration of a pre-nuptial agreement in today’s environment have become widespread and in many cases are absolutely advisable. You should have an understanding of the basics of a pre-nuptial, as you may wish to […]

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Divorce and College Tuition – Take the Right Write-Off This Tax Season

By Diane C. Pappas, Certified Divorce Financial Analyst™ Solutions For Divorce diane@solutionsfordivorce.com, 978.833.6144, www.SolutionsForDivorce.com If you have a child in college and the child receives a Form 1098-T, you may be able to take advantage of one of three different education tax benefits. What is even better is, if someone else is paying the tuition […]

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Social Security and the Graying of Divorce

by Renee W. Senes, CDFA Many people overlook Social Security benefits when getting divorced. While these benefits are not assets that a divorce court can divide, the rules about benefits are relevant to your post-divorce life. This is especially true for those getting divorced in their later years. If you are divorced, but your marriage […]

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Alimony & Property Division

by Justin L. Kelsey, Esq. Kelsey & Trask, P.C. Alimony & Property Division: 7 Lessons from the Appeals Court The Alimony Reform Act of 2011 took effect on March 1, 2012 and significantly changed the law in Massachusetts relating to awards of alimony. Today, the Massachusetts Appeals Court released an opinion that addresses some of […]

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The Effect of Substance Use on Finances and Divorce

The following is a guest post by Saint Jude Retreats, an alternative to traditional substance use treatment. Saint Jude Retreats provides a program for people with substance use problems that concentrates on self-directed positive and permanent change. Through the program, we offer the opportunity for individuals to self-evaluate and explore avenues for life enhancement. Pouring […]

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Taking Control of Your Expenses After Divorce

By Diane C. Pappas, CDFA Be in Control of Your Finances Post-Divorce It is a known fact that a woman’s standard of living may drop significantly after a divorce, while a man’s standard of living either remains the same or increases. The reason for this is simple – there is just not enough money to […]

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Health Insurance After Divorce

By Diane C. Pappas, CDFA A client of mine recently asked what the following sentence in her separation agreement meant: “The husband shall maintain in full force and effect his current family health insurance coverage…for the benefit of the Wife for so long as it is available to her and for so long as she […]

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Divorce and Financial Aid – Which Parent Should Fill Out the FAFSA

By Diane C Pappas, CDFA It’s that time again, when households across the United States are anticipating the arrival of college acceptance letters and more importantly the arrival of the coveted financial aid award letter. If you are recently divorced, hopefully the consideration of which parent should fill out the FAFSA (Federal Application for Free […]

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Dividing Employee Benefits in Divorce

By Richard M. Novitch and Stephen N. Lander1 Incident to many (if not most) divorces in Massachusetts is the identification and equitable division of employee benefits: pensions, employer-provided life insurance, medical insurance, deferred compensation and defined benefit plans, and stock options, among others. While Massachusetts state law may dictate whether, and to what extent the […]

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