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...
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Year: 2023
How undisclosed assets can impact a Massachusetts divorce
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...
Could moving for work impact child custody challenges?
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...
Can Massachusetts child support help to pay for college costs?
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...
Factors that go into a business valuation during divorce
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...
Appeals Court’s new ruling highlights “unconscionable” prenups
Prenuptial agreements have long been used by people of considerable means to protect their wealth when marriages turn sour – but they’re increasingly being used by couples of even modest income levels in order to protect their entrepreneurial efforts, real estate...
When business partners divorce, what happens to their business?
Couples get divorced every day. For many of them, it’s a process of dividing their assets and their child custody rights. Once they’ve done that, they are able to move on and they may not have a lot of contact – other than being co-parents, of course, if that...
2 important considerations when dividing debts during divorce
Debt can be as consequential to a marital estate as the most significant assets a couple shares. What they owe might lead to years of ongoing payments for both of them before they are truly free from the consequences of their unified financial decisions. Credit card...
Sharing a nanny during (and after) a divorce
Your marriage has fallen apart, but you and your spouse are working hard to make the transition into a cooperative co-parenting relationship for the sake of your children – and your nanny is an integral part of your plans. Sharing one nanny across two households can...
Capital gains tax and asset transfers during divorce
During divorces involving significant and complex assets, spouses often transfer them between one another to achieve a fair property division agreement – and to walk away with the assets they most want. For example, maybe your soon-to-be-ex has agreed to give you the...