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July 2016 Archives

Getting a divorce later in life can drastically impact finances

The dissolution of marriage at any age, for those in Massachusetts or elsewhere, can be emotionally and financially challenging. Unfortunately, for one who gets a divorce later in life, the impact on finances can be particularly drastic. For this reason, seeking the best possible settlement terms is in one's best interests.

Lowering credit scores is a form of child support enforcement

As a parent, when money is tight, it is not always easy to pay for everything children need. This is especially true for non-custodial parents who are required to pay for their children, while trying to meet their own personal needs. However, making continued payments is important, as the potential enforcement options that can be utilized to collect from non-custodial parents residing in Massachusetts and elsewhere can be financially devastating.

Dealing with a mortgage deficiency judgment after divorce

It is not uncommon for one spouse to keep the marital home after divorce. Unfortunately, the individuals who are not granted their homes in divorce may not be taking the appropriate precautions to protect themselves against creditor claims in the future. The simple truth is, whether in Massachusetts or elsewhere, if both spouses are listed on the mortgage -- even after divorce -- both individuals can still be held responsible for paying back the loan.

How does divorce affect Social Security benefits?

Unless one is nearing the age to collect, Social Security benefits may not be a huge concern. However, for those couples in Massachusetts who are considering divorce, thinking about Social Security matters, as it can have a big impact on future finances. So, how does divorce affect Social Security?

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Roncone Law Offices, P.C.

142 Main Street
Leominster, MA 01453

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