Tag: alimony

High Net Worth Divorce: Complex Financial Aspects, Asset Division, and Financial Planning

Divorce is a challenging process, and when it involves high-net-worth individuals, the complexities can be even more daunting. At Briones Law Group, we understand the unique financial intricacies that come with high net worth divorce cases. Here is what you need to know regarding the complex financial aspects, asset division considerations, and the importance of strategic financial planning in the context of high net worth divorces. Understanding High Net Worth Divorce  High net worth divorces

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Massachusetts SJC Decision Affecting Alimony and Child Support Calculations

The recent Supreme Judicial Court (SJC) decision in the case of Cavanaugh v. Cavanaugh has changed the way lawyers think about alimony and child support in Massachusetts family court cases. The SJC’s decision, which was issued in June 2022, has caused a significant shift in the way family court cases are approached, as it has revised the way in which income is calculated when determining support payments. In Cavanaugh v. Cavanaugh, the Court noted the

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What to Expect During a Massachusetts Divorce

When considering divorce, there is a lot at stake. Many people are overwhelmed by the legal aspects of divorce, so this article will outline some common questions individuals ask during a Massachusetts Divorce. How much does a Massachusetts divorce cost? Wanting to know the cost of divorce is understandable. Unfortunately, the answer differs for every case as each couple faces unique circumstances. Some common variables that can impact the cost of divorce include: The willingness

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Missteps To Avoid In A High Net Worth Divorce

While divorce is prevalent across the country, each case is different. Real estate, business ownership, and significant financial interests can put you in high-asset divorce territory. Couples experiencing a high-asset divorce are prone to a number of common mistakes, all of which can be avoided. Like other marriages, high net worth couples don’t divorce without reason. From addictions to infidelity, extreme differences in parenting styles and growing apart, divorce always stems from one issue or

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New 2019 Tax Law Affects How Alimony is Calculated.

Alimony is no longer tax deductible to the person paying alimony and can no longer be counted as income for the person who receives alimony. The 2019 tax laws have set the Massachusetts family law Bar into an uproar making it very difficult to resolve cases that involve alimony. Prior to Jan 1, 2019, the standard alimony calculation was 30 to 35% of the difference between the income of the Payor and the Payee. But

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