Cryptocurrency, a digital form of money, has become increasingly popular in recent years. As with stock and real estate purchases, people invest in cryptocurrencies hoping to grow their wealth. However, when couples decide to part ways, dividing these holdings can add...
PRACTICING FAMILY LAW
In Massachusetts For Over 30 Years
PRACTICING FAMILY LAW
In Massachusetts For Over 30 Years
divorce
What happens to investment accounts in a divorce?
When it comes to dividing assets in a divorce, investment accounts often play a role. In Massachusetts, understanding what happens to investment accounts during a divorce is important for individuals navigating this challenging terrain. Financial disclosure In the...
Health insurance options after divorce
As of 2022, KFF reported that 51% of companies offer spousal coverage for health insurance. Many couples take advantage of this to be able to choose the most affordable insurance option. However, in the event of a divorce, this can pose an issue for the spouse who is...
How should you handle debts in your divorce?
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...
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...