Archive | Finances

Renee Senes, CDFA™

Take Control of Your Finances in 2016

By Renee W. Senes, CDFA www.senesandchwalek.com Do you know your credit score? Have you created an online social security account? Can you easily find copies or originals of the deed to your house, the mortgage, your life insurance policies, car title, car insurance policies, tax returns for the past 5 years, brokerage and bank statements […]

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Let’s Speak the Same Language on Alimony

By David H. Goodman MBA, CPA/ABV/CFF, CVA Many people… including some judges and attorneys… get confused about alimony and child support. This is especially true when it comes to understanding how they are defined and treated under the U.S. Internal Revenue Code. Often judges and attorneys will refer to unallocated support. By this they mean […]

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The Importance of Cash Flow in Divorce

By Diane C Pappas, CDFA™ Solutions For Divorce LLC www.SolutionsForDivorce.com One of the first things your attorney may ask you to do in the divorce process is to fill out a financial statement, often referred to as the Rule 401 financial statement. (MA Financial Statement Long Form). The financial statement is the most important document […]

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Donna Marsella, CDFA™

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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dpappas

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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