Kajko, Weisman & Colasanti, LLP

March 2016 Archives

Billionaire Elon Musk and second wife to divorce for second time

In 2015, Elon Musk was number 94 on Forbes Magazine's list of The World's Billionaires. At that time, Musk's estimated net worth topped $13 billion as the self-made mogul focused his energies on investing in electronic motor vehicles and space exploration. More recently, the father of five has been back in the news after his second and current wife, Talulah Riley, filed for divorce.

Don’t forget about future financial needs during a divorce

At its core, divorce is a legal process through which a marriage contract is dissolved. In reality, however, the process is often wrought with emotion. While it's completely normal and even healthy that an individual who is going through a divorce experiences strong feelings, the vast majority of which are unfortunately negative, during a divorce it's important not to allow such emotions and feelings to take over.

How to deal with children's choices during divorce

Divorcees likely know that a divorce may take an emotional toll on the spouses involved, but they may know the extent it can have on children. This may be especially true when one parent essentially is not allowed to spend as much time with the children as he or she once did.

How a recent divorce impacts your taxes

Warmer weather, greening grass and advertisements for tax services all indicate that spring, and the April tax filing deadline, is just around the corner. For Massachusetts residents who are currently going through or were divorced during 2015, it’s important to understand how divorce impacts taxes.

Will your postnuptial agreement hold up in court?

Most people are familiar with the legal document known as a prenuptial agreement. While previously believed to only be a necessity for individuals and couples of significant wealth, today more people are choosing to take steps to guard against a betrothed's financial liabilities and protect the assets they bring to a marriage.

Why it's important for co-parents to get on the same page

Research indicates and most parents would likely concur, that children do best when they have a routine. This is often especially true when it comes to young children who tend to behave better and thrive when they know what to expect and what is expected of them.

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