Many married couples in Massachusetts decide to buy real property together. They purchase a home and invest a substantial amount of their income toward mortgage payments and property upkeep. If couples that own homes together divorce, they usually need to address their equity as part of the divorce process. The Massachusetts approach to property division requires a fair or equitable distribution of both assets and debts. Homes can represent both the biggest asset that someone owns and the biggest debt that they may owe in the form of a mortgage. Couples talking about how to handle their homes ..read more

Complex divorces often involve spouses with significant income and a variety of shared assets. Some families have to address businesses or professional practices. Others may have real estate and investment holdings. Complex divorces may also involve requests for support to maintain a specific standard of living following the divorce. Spouses, therefore, have a lot to argue over in these cases. People often resign themselves to the idea that a litigated divorce is inevitable when they have complex financial circumstances. However, spouses with more marital resources may actually have more reaso ..read more

Summer vacations are often some of the fondest memories children have as they’re growing up. While some kids have both parents in the home and everyone takes the vacation together, others have divorced parents who take separate vacations. If you’re divorced and planning a summer vacation with your children, there are several things that you can do to make the situation easier. Check your parenting plan Before you start making firm plans, be sure to review the parenting plan to ensure that you know the rules. Some parenting plans may have geographic restrictions that dictate where you can vacat ..read more

Co-parenting after a separation or divorce can be challenging, but with the right approach, it can be effective for the well-being of the children involved. Central to successful co-parenting is focusing on the children’s needs and maintaining a positive and respectful communication channel between the parents. Consider these essential co-parenting tips that can help foster a healthy environment for children. Focus on the children and leave the past alone The primary goal of co-parenting is to prioritize the children’s emotional and physical well-being. This means setting aside any past confli ..read more

Divorce significantly impacts an individual’s financial situation and can have lasting effects on their credit score. This reality stems from an inevitable division of assets and debts, changes in income and expenses and potential costs associated with the divorce process. The division of marital assets and debts is a primary financial concern during divorce. It can lead to financial strain, especially if one party needs to buy out the other’s share or sell assets quickly, potentially at a lower value. Additionally, any joint debts, like mortgages or credit card balances, must also be divided ..read more

Divorce is often a time of financial uncertainty. People know they have to divide their resources with their spouses and may worry about suffering major financial setbacks. Individuals generally must negotiate a property division settlement with their spouses or prepare to litigate in the Massachusetts family courts. Higher-value assets are usually the priority during divorce negotiations and litigation in Massachusetts. Business holdings, investment accounts and real property are often top priorities. Many people also focus on preserving retirement savings. How much of a retirement account is ..read more

Married couples often spend years building wealth together. They invest in their marital home, set aside resources for retirement and acquire all different sorts of personal property. The more financially successful either spouse becomes, the more property they will likely have to divide if the marriage ends in divorce. Typically, Massachusetts spouses have an obligation to disclose all of their marital resources and debts both to one another and to the courts. Then, they can negotiate or litigate a way to appropriately divide their marital property. Some people resent the obligation to share ..read more

In some cases, it may be necessary to move for your career. For instance, perhaps you are an executive who has recently been offered a position to be the CEO of a company in another state. You may be moving there permanently, or you may simply have to commute back and forth frequently in order to do your job. You could officer in the military and you may be sent overseas or to a different military base to serve in a new capacity. After you get divorced or separate from your non-married partner with whom you share a child, you may be concerned that your busy lifestyle is going to impact your cu ..read more

Parenting is incredibly expensive. There are numerous direct expenses that adults have to absorb when they have children, from additional shelter and grocery costs to healthcare expenses. They also have to provide a child with the support and guidance they need to reach adulthood and integrate into society, which typically involves helping facilitate their education. A basic education is theoretically free, provided that children in a family attend public school. However, if they want to pursue a college degree, their family will need to invest heavily in that post-secondary education. Student ..read more

Determining the valuation of a family-owned business during a divorce can be a complex and sensitive task. It’s not just about numbers. Several nuanced factors can significantly impact a company’s value. Anyone going through this situation should understand that these key elements that affect the valuation process and should seek any professional guidance that they may require accordingly. Future earning potential and profitability Business valuation isn’t just about the current state of a company. It’s also about future earning potential and profitability. This requires a detailed analysis of ..read more