Divorce is often a complex affair, even more so for high-asset couples with valuable property on the line. Wealthy couples also tend to have significant debts to consider as well, though, which raises the question of how to handle those debts in the face of an...
PRACTICING FAMILY LAW
In Massachusetts For Over 30 Years
PRACTICING FAMILY LAW
In Massachusetts For Over 30 Years
divorce
Should have a life insurance policy on your ex-spouse?
After divorce, you may not consider the importance of having a life insurance policy on your ex-spouse. If you depend on court-appointed financial support, life insurance ensures you have an alternate means of support if your spouse dies. If either of the following...
How do wealthier couples manage divorce?
When wealthy couples go into a divorce situation, many people expect things to explode. Sometimes they do, but this does not always happen. On top of that, the explosions that do happen are not always related to assets and finances, unlike popular opinion. Wealthy...
Understand the financial impacts of a gray divorce
After the children are grown and have left home, couples may feel they have grown apart and want a divorce. Be aware that a gray divorce can have devastating financial consequences. Divorce after 50 can drain the finances of both people involved. A divorce is not only...
How are divorce collaboration and mediation different?
If you are like many Massachusetts couples facing divorce, you and your spouse may want to separate while minimizing personal conflict and extraordinary expense as well as emotional stress on your children. Both mediation and collaboration offer important alternatives...
What are the tax consequences of property transfers in divorce
If you are going through a divorce, you will have a property settlement agreement that determines how marital assets get distributed between the parties. You typically do not recognize gain or loss in a transfer of property to a former spouse due to the dissolution of...
3 simple ways to save money during your divorce
If your marriage is not working out quite like you expected, filing for divorce may give you and your soon-to-be ex-spouse an opportunity to live the life you each want. Still, after your marriage ends, you may have to adjust to living on just one income. In...
The importance of spousal support in later-in-life divorce
Divorce after the age of 50 is much more common today than it was even a decade ago. It also comes with unique challenges, especially for women concerned about their financial future. This is where spousal support or alimony comes in. Your financial picture Perhaps...
Do you have grounds for a Massachusetts fault divorce?
When you initiate a Massachusetts divorce, you may decide to pursue a no-fault divorce. A no-fault divorce means that your marriage broke down due to irreconcilable differences or something similar, rather than the actions of one party of the other. If you file for...
The pros and cons of divorce-related market business valuation
If you are thinking of ending your marriage, retaining ownership of your business may be one of your top priorities. After all, you have put a significant amount of time, money and effort into your venture. Still, if the business is part of the marital estate, your...