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April 2015 Archives

Parenting time interference and the available remedies

One of the matters that is often resolved in a Massachusetts divorce case that involves children is the amount of parenting time each party will be entitled to. Even after an order has been entered, disagreements could arise between the parents, resulting in parenting time interference. This involves one parent interrupting the other's time with the children, and the disruption may in some cases be considered a criminal offense.

The effect of a divorce on retirement

At some point during their marriage, a Massachusetts couple may begin to plan for their retirement. However, there are cases where couples may decide to get a divorce, which could cause major problems for both parties if they are nearing the age of retirement or have already retired. While this can be a setback, there are several steps that ex-couples can take to ensure their retirement is not completely derailed.

Beneficiary designations and divorce in Massachusetts

After people divorce, most do not intend for any of their assets or property to pass to their former spouses. While people may remember to change their wills, they may wrongly believe doing so will automatically change the person to whom their life insurance and retirement accounts will go to. The beneficiary designations on such accounts and policies supersede any contrary information in a will, however. It is thus vitally important that people review their designated beneficiaries in a divorce.

The federal income tax consequences of alimony

As tax season quickly approaches, Massachusetts residents who are either paying or receiving alimony need to be aware of how the IRS treats the payments. People who pay alimony are able to deduct the amounts, while those who receive the payments must report them as income on their tax returns.

Divorce and property division

Spouses preparing for divorce might benefit from understanding more about some of the factors that can dictate how real estate assets are allocated by a formal proceeding. The outcome of property division typically depends on the state laws governing the divorce. Many separated spouses struggle with determining how much each party is entitled to receive from the marital estate. State laws may dictate whether divorcing spouses must split the value of the home equitably, or if one party is entitled to keep the property in its entirety.