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August 2012 Archives

Ex-spouse donates kidney to mother-in-law

Last week national and international news outlets picked up the story of a Massachusetts woman who has donated her kidney to her former mother-in-law. Though the donor had been divorced from the woman's son for over eight years, she still found plenty of reasons to selflessly donate her kidney to save the woman's life, and in some way, try to make things right for going out on the wrong foot during the divorce.

Young adults optimistic about the endurance of marriage

A new study conducted by Clark University, located here in Massachusetts, indicates that young people aged 18-29 are highly optimistic about their marriages lasting a lifetime. 86 percent of the people polled across the US indicated they thought their marriages would endure for life.

Divorce proceedings to commence for Stevie Wonder and wife

Boston music fans may be interested to hear that legendary artist, composer and performer Stevie Wonder is looking to finalize a separation from his wife of 11 years, citing irreconcilable differences. The divorce comes a few years after the couple separated in late 2009. Now the couple must address such issues as property division and custody of their two young sons. This is not new territory for Wonder, who went through a divorce once before.

Ex-couple's art collection becomes focus of property split

Boston residents may have heard the report of a particular west coast couple whose tremendous wealth and assets was split in a rather pragmatic manner. A Seattle paper recently covered the story of a west-coast business mogul who, after 23 years, was divorcing his wife. Over that amount of time most couples probably pick up a knick-knack here or there that may become a contentious bargaining piece in a divorce, which is quite the understatement in this particular high-asset divorce.

Examine the tax considerations of divorce carefully

There may not be two more feared words in the English language than "taxes" and "divorce," but if you are considering the latter, you really have to look at the implications of the former. People considering divorce in Massachusetts have to think about how their divorce settlement or order will affect their financial health, and managing the resulting tax consequences is no small factor in one's ability to thrive financially in the years following a divorce.

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Kajko, Weisman & Colasanti, LLP

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