The Massachusetts Supreme Judicial Court has released another opinion that addresses some of the questions still surrounding the Alimony Reform Act of 2011. Zaleski v. Zaleski - SJC 11391 (2014). In Zaleski, the Appeals Court addressed four primary issues in the lower court's decision: Rehabilitative Alimony ordered instead of General Term Alimony - AFFIRMED Husband's bonus income not included in alimony amount calculation - REMANDED Wife ordered to maintain life insurance for her child related obligations - REMANDED Property Division not exactly equal - AFFIRMED We've summarized the take-away points from this decision: 1. Trial Judges have even more DISCRETION now Footnote 13 confirms what many practitioners have been saying about the new Act:   "The legislative history clearly shows that the broad discretion judges historically have had in making awards of alimony was not affected by the Alimony Reform Act of 2011, St. 2011, c. 124 (alimony...

Guest Post Introduction: Jessie L. Foster, CFP®, CDFA™, MBA is a Collaborative Law Financial Professional who works with clients and their attorneys to fully understand the financial complexities surrounding divorce. She offers comprehensive analysis of the short-term and long-term impacts of proposed divorce settlements that may impact clients and their families well beyond divorce. Ms. Foster serves as Chair of the Massachusetts Collaborative Law Council (MCLC) , Members Meeting Committee and is a member of The International Academy of Collaborative Professionals, the Divorce Center and The Massachusetts Council of Family Mediation. What does a Collaborative Law Financial Neutral Do? By Jessie L. Foster, CFP®, CDFA™, MBA Financial issues in divorce are complex and the decisions a couple makes as part of the divorce process may be some of the most important fiscal decisions they will make in their lifetime. On the Collaborative Divorce Team the financial professional is ...

Often people who are deep in debt, are more afraid to confront the reality of their situation than anything else. That fear can lead people to do things they never thought they would do: to stop opening their mail, to stop answering the phone for fear of dealing with bill collectors, or even to lie to their family and friends. It is important to understand that you are not alone. You are not the first person to go through a crisis and there are resources out there to help you. To read about how even an economic reporter fell into the trap of overusing credit check out this New York Times article: http://tinyurl.com/qukwpb .