Each party must complete a financial statement form and file with the Court to get divorced in Massachusetts – it’s required. Yet the financial statement form comes with little if any instructions. While most clients and their attorneys hate these forms because they’re time consuming and painful to complete, learning why the form is necessary and how it’s used may make you love (or at least not hate) the form! Here goes:
- The Court financial statement form incorporates the concept of full disclosure of income, assets, expenses, and liabilities. Why? Because in divorce you are dividing or reallocating income, assets, expenses and liabilities, and can’t do so without knowing what those are. The Court financial statement form that each party completes, lays it all out there for both parties to see. This allows the Court to be sure that the parties have a shared understanding of their finances, and to determine if an agreement with respect to those finances is fair and reasonable.
Continue reading “Divorce and Family Court Financial Statements: What we love and hate about them!”
Attorneys Karen J. Levitt, Andrea M. Wells, and Emily A. Weber attended the 2018 Excellence in the Law event hosted by Massachusetts Lawyers Weekly at the Marriott Long Wharf Hotel in Boston on May 10, 2018. The 2018 Excellence in the Law event celebrated excellence in in the legal community and honored individuals in the following categories: Up & Coming Lawyers, Excellence in Firm Administration/Operations, Marketing, Paralegal Work, Legal Journalism and Pro Bono. Attorney Emily A. Weber was chosen this year as a one of the Up & Coming Lawyers honorees. The Up and Coming Lawyers so honored are attorneys who have been members of the Massachusetts Bar for 10 years or less, yet have already distinguished themselves as rising stars in the practice of law. Attorney Emily A. Weber’s award is well deserved, and the Levitt Law Group is proud to have Attorney Weber as part of its team. In 2016 Attorney Karen J. Levitt was honored for Excellence in Alternative Dispute Resolution.