Kajko, Weisman & Colasanti, LLP

Divorce and holidays don't usually mix well

People in Massachusetts may have seen a recent article about divorce during holidays, and how even stressed out couples who can't wait to get a divorce may have some incentives to hold off on filing for divorce until after ringing in the New Year.

The holidays are a stressful enough time as it is, which is why adding a divorce to the list of unpleasantness is often an unpopular thing to do. There is also the possibility that a spouse will view filing for divorce during the holidays as a vindictive move, and may be more inclined to drag out a divorce out of spite. Also, a spurned spouse is more likely to do something financially destructive, like run up a major credit card bill, when the timing of divorce and holidays collide.

There may also be financial advantages to waiting until January to file for divorce. For example, an end-of-the-year bonus for either spouse is generally deemed marital property, but if your spouse receives it after the divorce is filed, it has a better chance of being recorded as separate property. In addition, 2013 will likely bring new tax laws, which may help or hurt a person, depending on whether they will be the party paying alimony or receiving alimony.

The end of the year also means end-of-year financial statements, which make it a marginally more convenient time to begin planning and collecting the necessary financial documents needed to head into a divorce proceeding on solid ground. While it probably won't affect anything tax-wise before filing in April, it will make it easier to take account of household finances and total marital assets.

Source: NBC News "Considering a divorce? Wait until January," by Geoff Williams, Dec. 27, 2012

No Comments

Leave a comment
Comment Information
Email Us For a Response

Tell Us About Your Case

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Lexington Office
430 Bedford Street, Suite 390
Lexington, MA 02420

Toll Free: 978-296-5107
Phone: 781-325-1786
Fax: 781-861-1833
Lexington Law Office Map

Nashua Office
20 Trafalgar Square, Suite 434, Office 64
Nashua, NH 03063

Toll Free: 978-296-5107
Phone: 781-325-1786
Phone: 603-883-9649
Fax: 781-861-1833
Map & Directions

Andover Office
68 Main Street, Suite 4
Andover, MA 01810

Toll Free: 978-296-5107
Phone: 781-325-1786
Fax: 978-470-3874
Map & Directions