RadioBDC Logo
My God Is The Sun | Queens of the Stone Age Listen Live
 
 
< Back to front page Text size +

Massachusetts alimony law could soon change

Posted by Jill Boynton  July 26, 2011 10:22 AM
  • E-mail
  • E-mail this article

    Invalid E-mail address
    Invalid E-mail address

    Sending your article

    Your article has been sent.

E-mail this article

Invalid email address
Invalid email address

Sending your article

Your article has been sent.

Last week the Mass House of Representatives approved a law changing the alimony rules. The new law establishes guidelines for setting alimony payments and, more importantly, does away with the ability of judges to approve “lifetime alimony.” Under the new law the length of alimony is dependent on the length of the marriage and in most cases ends at the age of retirement. In the past judges had much more loose guidelines in establishing alimony and could consider assets, employment and other factors. The new law would result in more consistent alimony rulings throughout the state.

Some other provisions of the proposed law include new types of alimony including “transitional alimony” when a spouse needs temporary assistance or job training, and “reimbursement alimony” for repayment of monies spent on helping a spouse through school or training while married.

The new law would not change alimony rulings already in place but would allow divorced parties to ask for alimony modifications.

The law still needs approval by the Senate.

This blog is not written or edited by Boston.com or the Boston Globe.
The author is solely responsible for the content.
  • E-mail
  • E-mail this article

    Invalid E-mail address
    Invalid E-mail address

    Sending your article

    Your article has been sent.

ABOUT MANAGING YOUR MONEY
Local finance professionals share insights and advice on issues such as budgeting, managing debt, and retirement planning.

About the contributors

Andrew Chan is the founder of Integrative Financial Advisors in Framingham. He provides comprehensive financial planning advice and investment management services. He has been an adviser for over 12 years and works with clients to integrate all aspects of their finances including investments, retirement, education funding, and tax planning.
Cheryl Costa is a principal at Forteris Wealth Management which is an independent, fee-only firm with offices in Framingham and Purchase, NY. She advises clients on investing, education funding, taxes and retirement planning. She has a BS from Worcester Polytechnic Institute and an MBA from Boston University and she is a Certified Financial Planner.
Jamie Downey has been an accountant for more than 14 years. He's a partner at Downey & Co. in Braintree. Prior to joining the firm, he served as a manager in the audit department of accounting firm KPMG.

E-mail your question

Name:
E-mail:
Your question/comment:
archives