David M. Gabriel & Associates

Helping minimize the tax consequences of divorce

Too often, divorcing couples don’t consider the tax consequences of their decisions regarding division of property and assets, spousal and child support and other financial matters. That’s why at David M. Gabriel & Associates, we work with a certified public accountant to help our clients avoid unnecessary tax liability and ensure that their marital property is properly valued so that it can be divided fairly. At David M. Gabriel & Associates, we understand the potential tax consequences that may arise as the result of divorce. We assist our clients in protecting the value of their marital property. We help clients properly evaluate assets and debts while formulating a plan to divide their property while taking advantage of tax benefits. Dividing money in retirement accounts can be particularly tricky. If it’s not done correctly, you could find yourself paying substantial and unnecessary tax penalties. A qualified domestic relations order is often used to divide money in pension plans, retirement accounts and annuities. Our attorneys are experienced at drafting QDROs that help our clients protect their hard-earned retirement savings in a divorce. Selling the family home is another aspect of many divorces that can have serious financial consequences. We help clients deal with potential capital gains or losses from the sale so that they aren’t faced with an unexpected tax burden when they pay their taxes the next year. We help them deal with issues that affect their taxes such as claiming dependents, reporting the receipt or payment of alimony, 529 college

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The importance of second parent adoption for same-sex couples

Here in Massachusetts, same-sex couples can adopt children together. However, often when couples enter a relationship, one of them already has a child — either one they’ve adopted or a biological child. That person is the child’s legal parent, while his or her partner has no legal rights as a parent unless he or she formally adopts the child. That’s known as second parent adoption. Many gay couples opt for second parent adoption not just to formalize the family unit, but to ensure that they have full parental rights. Adoption allows the formerly “non-legal” parent to make important medical and other decisions for a child. It also prevents them from losing the child to another family member if the other parent should die. It can be particularly crucial if the couple divorces or breaks up. If there’s no adoption agreement in place, as we’ve seen in cases that have played out throughout the country, a person who’s parented a child for virtually that child’s entire life can be prevented from having any sort of custody or visitation rights by an ex without court intervention in the matter. There are some strategies for people who find themselves fighting for the right to continue to parent their child after a divorce or break-up with the child’s legal parent. They need to provide evidence that they are “de facto” parents. This means that even though they have no biological or legal relationship to the child, they have cared for him or her, participated

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Helping car accident victims find compensation

Motor vehicle accidents can occur for a variety of reasons, and anyone can be an accident victim in any state, including in Massachusetts. Determining what caused an accident and who was at fault take time, but injuries require immediate medical attention. In a severe car accident, a person can suffer serious injuries that lead to permanent disability. In some car accidents, people die. No matter how severe or deadly the injuries may be, victims and surviving family members do more than suffer physically and emotionally; they also suffer financially. My law firm is based in Beverly Massachusetts and has been helping car accident victims and their families seek damages for years throughout the the Salem area, and the entire North Shore. We attempt to help our clients obtain compensation for lost wages, medical expenses and other liabilities allowed under Massachusetts law for accidents caused by the negligence of other people. David M. Gabriel and Associates have helped clients receive compensation for serious injuries such as brain injuries, back injuries, and lasting emotional distress that result from car accidents. For families who have lost loved ones, we have recovered compensation through wrongful death lawsuits. Our firm is committed to helping our clients obtain compensation to help them move on with medical treatment and recovery or mourn the loss of loved ones. We understand the pain and agony our clients are going through. We know they are often in fragile emotional and financial states, so we take no fees from clients until

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The financial impact of fatal accidents for Massachusetts victims

Residents of Beverly and Salem, Massachusetts, might not know that more than 30,000 people are killed in crashes every year in the United States. Among these thousands are hundreds of Massachusetts residents who lose their lives in preventable fatal motor vehicle accidents. Many of those lives lost could have been saved had the negligent driver who caused the accident followed basic traffic rules and cared about the safety of others on the road. A negligent driver’s minor error could prove fatal, impacting a victim’s family emotionally and financially in a big way. It could be worse for a family if the victim of a fatal crash was the main financial contributor to the household. Any driver or passenger of a vehicle, or a pedestrian near a road, can be a victim of a tragic crash. A fatal car accident causes financial losses not only for a victim’s family, but also billions in medical expenses spread across the country. In 2005, deaths as a result of car crashes cost the U.S. $41 billion in medical expenses and lost wages. According to this data, the cost to Massachusetts victims and residents was a staggering $394 million in medical expenses and lost earnings. The cost of unidentified crash fatalities was more than half of the financial costs, with motor vehicle occupants, motorcyclists, pedestrians, and bicyclists filling out the fatality victim statistics. A family affected by the death of a loved one has a legal right to seek compensation from a negligent vehicle operator

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10 Causes of Car Accidents in Massachusetts

Every day there are over 17,000 car collisions in the United States. On average, those crashes result in 92 deaths each day. While poor weather conditions and faulty roads can cause accidents, most auto collisions are due to driver errors. When we research the reason behind the car accidents, we should all drive safer. Here is a list of the top 10 causes of auto collisions in the United States. 1. Drunk Driving: In the U.S., drunk drivers kill 28 people every day (whether it’s themselves or another person). Those who drive while intoxicated (DWI) cause 35% of traffic accidents in the U.S. 2. Fatigued Driving: Studies show that those who drive while tired are just as dangerous as intoxicated drivers. Fatigued drivers cause about 3% of all traffic accidents, most of which occur at night. Like DWI, fatigued driving is completely avoidable. If you drive at night and see a car swerve in and out of lanes, stay as far away as possible from the car and call 9-1-1. 3. Distracted Driving: Dealing with distractions while driving is deadly. How often do you find yourself trying to change a CD, put on your makeup, eat, or adjust the controls on your vehicle as you drive? Car accidents caused by distracted driving make up about 5% of car crashes. 4. Use of Mobile Phones: Talking on your cell phone is a level of distracted driving all on its own. Every year, the number of car crashes caused by cell phone

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If you are involved in a car accident, Be Prepared

Being involved in a car accident can be one of the most stressful times in the lives of you. It’s crucial to be prepared if you are involved in a car accident. If you have the misfortune of being injured in a motor vehicle accident, you should seek medical attention immediately. Indeed, if you or anyone is injured in an accident, steps should be taken to summon the police to the accident scene so that first aid or emergency treatment can be rendered. It is also important to obtain information concerning the other parties involved in the motor vehicle accident as well as obtain the facts concerning how the car accident occurred. The information you should obtain includes: • the identity, including name, address, telephone number, driver’s license information of all involved parties, operators or witnesses; • the registration and motor vehicle license plate number of each vehicle involved, as well as descriptive information such as make, model and year of the vehicles; • the automobile insurance carrier of each motor vehicle involved in the car accident (not the insurance agent); • the date, time, weather conditions and location of the car accident, including reference to stop signs, traffic lights and intersections; • a pictorial description of the accident scene with directions of travel of all involved vehicles is most helpful. You must report the accident to your automobile insurance carrier and agent as soon as possible. This should certainly be done within one (1)business day of the car accident.

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Mandatory co-parenting classes may be spreading

Learning how to co-parent your children with your ex after a divorce is in many ways like learning how to be a parent all over again — particularly for fathers who may find themselves spending more time alone with their kids than they did during the marriage. If you and your ex have a strained relationship after you’ve gone your separate ways, parenting can be even more challenging. Children are the ones who often pay the price when their divorced parents aren’t able to work together to be the best parents they can. Both physical and mental health issues, including anxiety, depression and substance abuse, increase in children of divorce. Some states, including Massachusetts and Connecticut, mandate that divorced couples take co-parenting classes. Now another New England state may be following suit, if a Rhode Island man is successful in his efforts. The Providence resident says he hopes to speak before the state’s General Assembly next month. He’d like them to form a commission that would study the advantages of requiring divorced parents with kids under 18 to participate in these classes. He’s gotten the support of a number of town managers, mayors and town council presidents. That state has some opportunities for parents who choose on their own to have counseling. However, there aren’t many. He’s hoping that private and public entities can work together to change that. He says he wants the state to provide a “robust marketplace of offerings to help divorced parents co-parent, communicate and collaborate

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Tips for co-parents facing their first holiday season apart

Many Massachusetts parents are facing their first holiday season since their break-up. If you already have a parenting plan in place that outlines how your children will divide their time between their parents, that’s helpful. However, if you haven’t yet started the divorce process, making a holiday schedule can be challenging — particularly if you and your ex aren’t on good terms. The most important thing to remember throughout this season is to minimize stress and uncertainty for your children. They likely already have enough of both. Focus on helping them enjoy the season. Organization is key. The sooner that you and your co-parent can get a plan in place (with the input of the kids, if they’re old enough), the more reassured they will be. Kids are flexible, but they want the security of knowing where they will be spending the holidays. Their friends will all be talking about their plans, and they’ll want to join in. Of course, making plans is just step one. It’s essential to stick to those plans unless unforeseen circumstances arise. Children need to be reassured early on that their parents will keep their word, show up to pick them up when they’re supposed to and return them as scheduled. It’s important to set reasonable expectations for your children. They may have a fantasy that their parents will be together for Christmas and maybe even reunite. If they’re going to be splitting time between homes, emphasize the positives (two Christmas trees, for example). Don’t

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