Facts About Financial Statements

I. What is a financial statement?   A financial Statement is the Probate and Family Court form on which each party sets out his or her financial situation. When you fill out the form, you must list all of your income, expenses, debts and assets. You are required to file a Financial Statement in any case where support, alimony, or a financial matter may be an issue. A Financial Statement is one of the most important documents in your case. Do not wait until the last minute to fill out this form. II. How accurate do you have to be?
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What About Pet Custody?

The Probate and Family Court has undergone novel changes in recent years by recognizing the validity of trusts established for the care and maintenance of an owner’s pet. Those changes were so that our laws can be better in tune with the reality of modern families. Despite the changes in estate and trust law, the Probate Court has continued to see pets as mere property when it comes to divorce. While some consider animals as part of their family and even refer to themselves as “fur-parents,” pets do not receive the same legal status as children in legal proceedings. As
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Divorce vs Annulment

I. Introduction.   When a client seeks to end a marriage, they would often seek to file for a divorce without knowing that an annulment is also an option. The more proactive client may be informed of the options available, but is confused or unclear of the differences between a divorce and an annulment. In general terms, getting a divorce is to terminate a valid marriage, whereas getting an annulment, is to nullify a void or voidable marriage as though the marriage never happened. Putting aside the differences in definition, a divorce and an annulment differ in terms of the
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Do I Need a Will?

By: Maryanne McGonagle A question we are often asked is whether a client needs a Will? While seemingly an easy question, there is a different answer for every client: IF you are married and have no children; you and your spouse own your property jointly, including your home and any other realty; and/or your spouse is named as the beneficiary on all the assets that you hold in your name alone, e.g. retirement accounts, stocks, annuities, IRAs etc., then I would advise you that you may not need a Will. On your death, your assets will pass to your spouse
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Learn About Discovery

I. Introduction.   Any divorce action is fraught with financial consequences given that every asset owned by each party may be up for grabs under Massachusetts’ equitable division statute. Discovery serves as one of the most crucial steps and tools in the development in the case, as well as to help avoid a stalemate of he-said-she-said. In general terms, “discovery” is both the act and the process in which a party to an action obtains relevant information either from the opposing party or from a third party in order to establish what the “facts” are. Discovery is also necessary to
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Life Insurance and Divorce

Child support, college contribution, health insurance, and alimony are issues that are often addressed in a divorce or separation agreement. This means that the issue of life insurance must also be addressed. The primary purpose for life insurance in matters of divorce is to ensure that payments for child support, college, health insurance, or alimony continue in the event that the obligor dies prior to the satisfaction of his or her obligations under the divorce or separation agreement. The tricky part in purchasing the insurance policy is often calculating the amount of the policy (i.e. what is the value of
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A Good Lawyer Knows Where to Refer You

Why you need a good attorney and a good attorney who knows where to refer you when you need it.   Our partners and associates at GDC have been practicing law in several areas for more than 25 years. Our specialties include, but are not limited to: family law, commercial and residential real estate transactions, landlord tenant law, personal injury, civil litigation, criminal defense, and probate law. However, there are often times when you may be looking for a personal injury specialist, workman’s compensation, immigration, bankruptcy, or employment attorney. Rest assured that if you contact one of the attorneys at
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$100 Amazon Gift Card Giveaway

Tammy is the winner! Congrats! To welcome you to our new social media pages, we’re giving away a $100 Amazon gift card. To enter for a chance to win, all you have to do is Like Us on Facebook or Follow Us on Twitter, then leave a comment below. — OR — Follow Then comment below. One month from now (on November 4th, 2017), we’ll randomly select one lucky winner. Thank you and good luck!
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