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What do Charlie Sheen & Ninja Turtle Kush Have in Common?

What Do Charlie Sheen and Ninja Turtle Kush Have in Common?

What do you think of when you read the following phrases?
Charlie Sheen.
Goofy Boots.
Ninja Turtle Kush.
Green Crack.

Are you confused or laughing right now? If you are confused, you probably know these terms:
Weed.
Cannabis.
Marijuana.
Pot.

As we approach the one year anniversary of marijuana legalization in Massachusetts, here are a couple of quick updates to laws within the Commonwealth:
Chapter 55 of the Acts of 2017 created the Cannabis Advisory Board and Cannabis Control Commission. The board is making recommendations regarding regulations and taxation of marijuana. Cities and towns may establish zoning by-laws and ordinances which allow commercial growing and cultivation. Cities and town may also impose a local sales tax of up to 3% upon the sale of marijuana and marijuana products (in addition to the 17% percent state sales tax);
Chapter 94I has specified that a person cannot be arrested or prosecuted for being in the presence of medical use and that insurance companies are not obligated to reimburse patients for the use of medical marijuana.
As always, please let us know if you have questions regarding this or anything else.

Faye & John

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Gratitude

“It’s so free this kind of feeling;
It’s like life, it’s so appealing;
When you’ve got so much to say;
It’s called Gratitude and that’s right.”

-Beastie Boys

We have so much to be thankful for this year: our families, clients, vendors, and colleagues. We very much appreciate your business, referrals, and friendship. Happy Thanksgiving!

Warmly,
Faye & John

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Ch-ch-changes to Child Support

Massachusetts Child Support Guidelines are changing quicker than David Bowie used to transform into Ziggy Stardust. Starting in September, 2017, there will be massive changes to how child support is calculated. There are a lot of changes in store, but some of the highlights that will be most interesting to our clients:

A blanket 25% reduction in support obligations for children between the ages of 18-23;
A presumptive cap on college contributions, for each parent, at 50% of the cost of attending UMass Amherst (aka “The UMass Formula”);
Removal of modified support based on parenting time; and
Acceptance of unreported income, thereby making it easier to “impute” income.

Like all new rules and guidelines, it will take a while to determine how some of the more detailed changes actually get applied in real cases. Please email or call us if we can help you to better understand how the guideline changes might apply to your specific situation.

A helpful link from the Commonwealth of Massachusetts:
http://www.mass.gov/courts/case-legal-res/law-lib/laws-by-subj/about/support.html

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Prepare for College Post-divorce

Ahhhh, college.  It was a great time with new found freedoms. We could eat french fries for lunch and dinner, yet not gain any weight. Weekends started on Wednesday and we never went out before 10pm. Our planning for the future consisted of mid-terms and finals, not 401k and flexible health spending accounts.  This wasn’t just us, right?

If we went back to college now, we would be a lot more serious.  The costs have skyrocketed and students are more competitive than ever. Our 40 something year old selves didn’t have the same pressure that the kids today have in part because college wasn’t as expensive. Had we known, we might have done things differently. We might have even start putting some of the money that we earned from part-time jobs into a Roth IRA instead of investing in a long gone 12 pack of beer (probably not).

We always recommend preparing for how you will pay college expenses long before the application process begins. It’s never too early to start planning for your child, especially if you need to prepare for college post-divorce.

The Massachusetts Bar Association provided some useful information about things to consider especially if are divorcing or already divorced:

http://www.massbar.org/publications/lawyers-journal/2015/may/allocating-college-education-expenses-in-divorce

 

Please let us know if we can help you with the negotiation and planning process or answer any questions that you may have. We even know an amazing person to help you select the best college based on family finances and educational goals; we would be happy to refer you in the right direction!

 

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