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	<title>As The Law Turns &#187; Michael F. Leary</title>
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	<description>Konowitz &#38; Greenberg: Attorneys at Law</description>
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		<title>Massachusetts Alimony Reform: A Long Awaited and Welcomed Change</title>
		<link>http://www.asthelawturns.com/2011/09/massachusetts-alimony-reform/</link>
		<comments>http://www.asthelawturns.com/2011/09/massachusetts-alimony-reform/#comments</comments>
		<pubDate>Thu, 22 Sep 2011 20:53:43 +0000</pubDate>
		<dc:creator>Michael F. Leary</dc:creator>
				<category><![CDATA[Fall 2011]]></category>
		<category><![CDATA[alimony]]></category>
		<category><![CDATA[Alimony Reform Bill]]></category>
		<category><![CDATA[child support]]></category>
		<category><![CDATA[divorce]]></category>
		<category><![CDATA[general alimony]]></category>
		<category><![CDATA[Massachusetts]]></category>
		<category><![CDATA[Massachusetts Alimony Reform]]></category>
		<category><![CDATA[rehabilitative alimony]]></category>
		<category><![CDATA[reimbursement alimony]]></category>
		<category><![CDATA[settlement]]></category>
		<category><![CDATA[transitional alimony]]></category>

		<guid isPermaLink="false">http://www.asthelawturns.com/?p=437</guid>
		<description><![CDATA[The Massachusetts Senate and House of Representatives have passed the Alimony Reform Bill, and it is expected to be signed by Governor Deval Patrick. Once signed, the new Alimony Reform Act will become effective on March 1, 2012. The bill, having been passed at the recommendation of a special task force appointed in 2009, marks&#8230; <a class="continue_reading" href="http://www.asthelawturns.com/2011/09/massachusetts-alimony-reform/">Continue reading &#187;</a>]]></description>
			<content:encoded><![CDATA[<p>The Massachusetts Senate and House of Representatives have passed the Alimony Reform Bill, and it is expected to be signed by Governor Deval Patrick. Once signed, the new Alimony Reform Act will become effective on March 1, 2012. The bill, having been passed at the recommendation of a special task force appointed in 2009, marks the first time in two decades that the Legislature has updated the Commonwealth&#8217;s alimony laws.</p>
<p>In Massachusetts, alimony is governed by Massachusetts General Law, Chapter 208, Section 34, but the existing statute is very vague, giving the court broad discretion and a minimum amount of guidance in awarding alimony. For most attorneys and litigants, trying to figure out alimony payments and duration has been a nightmare because they have had no clear formula to use, unlike child support calculations.</p>
<p><span id="more-437"></span></p>
<p>In contrast, the new statute will provide clear directives regarding the calculation of alimony payments, expressly dictating amount and duration. While there is still some discretion for the courts, there is now much greater certainty. Having clear and certain numbers helps both the courts and attorneys to negotiate a proper and fair settlement for parties in a divorce.</p>
<p>The new alimony law provides for 4 different types of alimony: General Alimony, Rehabilitative Alimony, Reimbursement Alimony and Transitional Alimony.</p>
<p><strong>General Alimony</strong><br />
General Alimony refers to what we traditionally think of as alimony. It is the periodic payment of support to a recipient spouse who is economically dependent on his or her former spouse. Under the new statute, the length that General Alimony payments may last depends on the length of the marriage:</p>
<ul>
<li><strong>a)</strong> If marriage is 5 years or less, then alimony payments are for no more than half the length of the marriage</li>
<li><strong>b)</strong> If marriage is more than 5 years but less than 10 years, then alimony is no more than 60% of the length of the marriage</li>
<li><strong>c)</strong> If marriage is more than 10 years but less than 15, then alimony is no more than 70% of the length of the marriage</li>
<li><strong>d)</strong> If marriage is more than 15 years but less than 20, then alimony is no more than 80% of the length of the marriage</li>
<li><strong>e)</strong> If the marriage is more than 20 years, alimony payments can be lifetime.</li>
</ul>
<p>General Alimony is terminated upon death, remarriage of the recipient spouse, or cohabitation of the recipient spouse. General Alimony cannot be reinstated by a modification following the remarriage of the recipient spouse, but can be reinstated following the breakup of the cohabitation. General alimony will terminate upon the payor reaching retirement age.</p>
<p><strong>Rehabilitative Alimony</strong><br />
Rehabilitative Alimony is the periodic payment of support to a recipient spouse who is expected to become economically self-sufficient with a certain period of time. Under the new law, Rehabilitative Alimony may be ordered for no more than 5 years initially, but may be extended by order of the court.</p>
<p><strong>Reimbursement Alimony</strong><br />
Reimbursement Alimony is the periodic or one-time payment of support after a marriage of not more than 5 years to compensate the recipient spouse for economic or non-economic contribution to the financial resources of the payor spouse. These payments are terminated upon death or on a specific date, but cannot be modified and are not calculated based on income.</p>
<p><strong>Transitional Alimony</strong><br />
Transitional Alimony refers to the periodic or one-time payment of support after a marriage of not more than 5 years to transition the recipient spouse to an adjusted lifestyle or location as a result of the divorce. Transitional Alimony may be ordered for no more than 3 years and cannot be modified. The amount of alimony will be 30-35% of the difference between the parties&#8217; gross income.</p>
<p>This reform is long overdue since the Massachusetts alimony statute is outdated and lags behind the reform of most other states. If you have any questions on how the Alimony Reform Bill affects your existing alimony payments, please contact our office.</p>
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		<title>Reviewing Your Purchase &amp; Sale Agreement</title>
		<link>http://www.asthelawturns.com/2011/06/reviewing-your-purchase-sale-agreement/</link>
		<comments>http://www.asthelawturns.com/2011/06/reviewing-your-purchase-sale-agreement/#comments</comments>
		<pubDate>Wed, 01 Jun 2011 12:50:29 +0000</pubDate>
		<dc:creator>Michael F. Leary</dc:creator>
				<category><![CDATA[Summer 2011]]></category>
		<category><![CDATA[attorney]]></category>
		<category><![CDATA[buyers]]></category>
		<category><![CDATA[homeowners]]></category>
		<category><![CDATA[Massachusetts]]></category>
		<category><![CDATA[new home]]></category>
		<category><![CDATA[property]]></category>
		<category><![CDATA[Purchase & Sale Agreement]]></category>
		<category><![CDATA[real estate]]></category>

		<guid isPermaLink="false">http://www.asthelawturns.com/?p=388</guid>
		<description><![CDATA[The purchase of a new home is an exciting and stressful time for buyers. The buying of a new home may not only be the most significant and largest purchase most people will make, but it also involves the law of real property, which is unique and presents special problems. The legal issues that arise&#8230; <a class="continue_reading" href="http://www.asthelawturns.com/2011/06/reviewing-your-purchase-sale-agreement/">Continue reading &#187;</a>]]></description>
			<content:encoded><![CDATA[<p>The purchase of a new home is an exciting and stressful time for buyers. The buying of a new home may not only be the most significant and largest purchase most people will make, but it also involves the law of real property, which is unique and presents special problems. The legal issues that arise differ with each home purchase and, therefore, retaining the right attorney to protect your individual interests is crucial.</p>
<p>As the median sales price of a Massachusetts home approaches $300,000, it is crucial that buyers have the Purchase &amp; Sale Agreement (“P&amp;S”) reviewed by an attorney. The P&amp;S is a legal document that creates binding obligations between the seller and buyer. There are countless issues to be addressed in the P&amp;S: the closing date, condition of the property, arranging for inspection, what personal property is included in the sale and potential title issues, to mention just a few.</p>
<p>Just as every home is unique, so is each real estate transaction. The use of a standard P&amp;S form may not fully address the buyer’s desires or protect their interests. For example, the minor difference in a P&amp;S stating the seller “may” complete a repair, rather than “shall” can prevent unnecessary stress at the closing table. Would you purchase a home without an inspection? Of course not, and you should not sign a P&amp;S without consulting an attorney either.</p>
<p>If you are buying or selling your home, please contact us for a consultation.</p>
]]></content:encoded>
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		<title>New Homestead Law is Welcome Change to Homeowners</title>
		<link>http://www.asthelawturns.com/2011/02/new-homestead-law-is-welcome-change-to-homeowners/</link>
		<comments>http://www.asthelawturns.com/2011/02/new-homestead-law-is-welcome-change-to-homeowners/#comments</comments>
		<pubDate>Thu, 24 Feb 2011 14:57:25 +0000</pubDate>
		<dc:creator>Michael F. Leary</dc:creator>
				<category><![CDATA[Spring 2011]]></category>
		<category><![CDATA[Governor Deval Patrick]]></category>
		<category><![CDATA[homeowners]]></category>
		<category><![CDATA[Homestead Law]]></category>

		<guid isPermaLink="false">http://www.asthelawturns.com/?p=308</guid>
		<description><![CDATA[On December 16, 2010, Senate Bill 2406, an Act Relative to the Estate of Homestead, was signed into law by Governor Deval Patrick. The new law which replaces the Commonwealth’s existing Homestead Law will take effect ninety days after it’s signing, March 16, 2011, and clarifies ambiguities present in the existing Homestead Law while taking&#8230; <a class="continue_reading" href="http://www.asthelawturns.com/2011/02/new-homestead-law-is-welcome-change-to-homeowners/">Continue reading &#187;</a>]]></description>
			<content:encoded><![CDATA[<p>On December 16, 2010, Senate Bill 2406, an Act Relative to the Estate of Homestead, was signed into law by Governor Deval Patrick. The new law which replaces the Commonwealth’s existing Homestead Law will take effect ninety days after it’s signing, March 16, 2011, and clarifies ambiguities present in the existing Homestead Law while taking into consideration today’s complex financial transactions and modern households. The hallmark of the new law is that it provides for an “automatic” Homestead or protection against unsecured creditor claims of up to $125,000 in a homeowner’s equity in their primary residence. The scope of the new law extends to the proceeds from insurance as well as from the sale of a home and safeguards homeowners of two to four family and mobile homes.</p>
<p><span id="more-308"></span></p>
<p>Here at <em>Konowitz &amp; Greenberg,</em> we continue to encourage our clients to have a Declaration of Homestead prepared and recorded with the Registry of Deeds where their primary residence is located as this protects a homeowner’s equity up to $500,000. The Homestead Estate is designed to protect home ownership from execution and forced sale, so long as the owner or covered family member occupies or intends to occupy the property as his or her principal place of residence.</p>
<p>If you have any questions regarding the new Homestead Law or other estate planning matters, please contact us for a consultation.</p>
]]></content:encoded>
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