Massachusetts Alimony/Spousal Support Attorney
A change in lifestyle is one of the most common consequences of divorce — and one that most people fear. Supporting two households on the same income that previously supported one can be a challenge, but it's a challenge that both parties should have to meet. The court does not look kindly on shifting all of the burden of expenses onto only one partner. The court wants to see that both partners are treated equitably.
There are two areas of decision making when it comes to maintaining your lifestyle: property division and spousal support. The courts will consider your standard of living during the marriage when it awards property or support.
The Worcester property division lawyers at Army & Army, L.L.C., can help you arrive at a fair divorce settlement agreement in each of these areas. We have been representing Massachusetts divorce clients of all income levels and professions since 1996.
Whether you are in a high income bracket with extensive and complicated assets, or you are currently experiencing financial challenges, we offer sound legal advice and skillful representation. Contact the Massachusetts alimony/spousal support attorneys at Army & Army, L.L.C., to arrange a free consultation.
Issues to Consider About Divorce and Maintaining Your Lifestyle
Property Matters — Before you decide to fight for the family home, consider your options. Who will retain primary custody of the children? Maintaining stability for the children may be the driving factor in deciding who takes the home. Or perhaps a smaller home in a better school district would be better for your children?
Short or Long-Term Spousal Support — Some spouses may need "rehabilitative alimony" in order to become self-supporting again. A couple may decide that it is more cost-effective to pay a monthly or lump-sum payment for education or vocational retraining rather than to pay more support or support for a longer period. Some high-net-worth couples choose a lump-sum settlement in lieu of monthly spousal support.
Tax Considerations — Property division is not necessarily a straightforward, 50-50 division. There can be tax consequences to the division of some assets, which may make it more attractive to keep that asset undivided and to give a different asset in its place. Spousal support is taxable income to the spouse who receives it, and tax deductible for the spouse who gives it. You may find that a greater share of property, or direct payment of household bills, is a better option than a higher level of spousal support.
Two Issues That Are Not Considered
- Your standard of living before the marriage will not be a consideration.
- Child support is not considered as a contributor to a parent's standard of living. It is dependent upon other factors.
Get a professional legal opinion regarding your options in property division and spousal support. Understand the pros and cons of each potential action. Our Massachusetts alimony/spousal support lawyers offer a free consultation. Contact our law firm online or by calling 888-339-4206.
