Legal Blog - Divorce - Finances

What is a QDRO? QDRO stands for Qualified Domestic Relations Order. A Qualified Domestic Relations Order is a court order that allows a tax-free transfer of assets incident to a divorce. Part of the divorce process is reaching an equitable agreement between spouses. Once the agreement is reached, it…

Retirement Accounts and Divorce – Are you thinking about filing for divorce in Massachusetts? Then you need to know what is likely to happen to your retirement accounts. The most popular type of retirement accounts includes pension plans, 401(k)s, IRAs and Keogh plans. Typically, the coverture…

Modify My Alimony Order – Prior to The Massachusetts Alimony Reform Act of 2011, a durational limit was not placed on alimony. This means that there could be a lifetime alimony obligation even if the parties were only married for 3 years. Not only does the new act limit the duration alimony is pai…

The term alimony is cash paid by one spouse to the other spouse pursuant to a divorce or separation agreement. The IRS defines alimony in Code Section 71. In order for the payments to qualify as alimony the payment must satisfy the following elements: (a) In cash (b) Paid to or for the benefit of &h…

Marital Asset Distribution – Although Ben Affleck will be starring in the highly anticipated Batman v. Superman movie in 2016, it is his divorce from fellow actress Jennifer Garner that is keeping him in the limelight. Ben and Jennifer filed for divorce in June 2015. However, their divorce has…

Divorcing during your golden years can be difficult, but a Massachusetts Divorce Attorney can help you maximize your Social Security earnings. If you were married for at least 10 years and you aren’t currently remarried, then you can collect Social Security based on your ex-spouse’s earnings. If…