A financial expert can give spouses a nuanced and long-term view of how family finances might look post-divorce and what the net-effect of different choices might be. These different choices can have significant impact on parties’ future finances, and should not be overlooked in the mediation process. It may be well-worth the investment for couples in mediation to enlist the help of a neutral expert to help plan the financial aspects of divorce.
If you are considering or preparing for a divorce in Massachusetts and have children, whether the divorce is amicable or hostile, contested or uncontested, you need to understand the relationship between those payments known as child support and those known as alimony. Must one spouse pay (and can the other spouse get) both child support and alimony? In negotiating the terms of your divorce, what are the advantages and disadvantages to each? Are there different tax consequences associated with child support or alimony?