Divorce can be a challenging time, especially when it comes to financial decisions. One common question that arises is whether to continue contributing to your 401(k) during the divorce process. Here is a look at some factors to consider. Understanding 401(k) and...
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Asset Division
Is my spouse entitled to half of my 401(k)?
Divorce can bring many financial questions to the forefront, especially when it comes to dividing assets like retirement accounts. One common concern is whether the law entitles your spouse to half of your 401(k). Let us explore this issue and provide some clarity....
The main risks to address when dividing marital debt
Separating finances is a key element of any divorce. People often focus their attention on asset division. They want to ensure they have enough savings to rebuild. While this is an appropriate goal, it can be a major mistake to rush through the debt division process....
Three ways spouses may hide assets in a complex divorce case
Divorces can be relatively simple in some cases, but they can also become incredibly complex if there are certain complicating factors present. Valuable assets and multiple streams of income are among the potential factors that can make a divorce more difficult to...
Addressing trusts and inheritances during high-asset Massachusetts divorces
Divorces involving significant wealth can inspire unique challenges, especially when dividing assets like inheritances. For high-net-worth individuals, one of the most complex aspects of a divorce may involve determining what portion of inherited wealth or trust...
Protecting your child’s 529 college savings plan as you divorce
Whether your child is still in elementary school or just got their driver’s license, you don’t want your divorce to disrupt their educational future. If part of your financial planning for their college education has involved setting up a 529 college savings plan,...
The crucial concern that divorcing homeowners often overlook
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...
Why many people turn to collaboration or mediation during complex divorces
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...
How much of a 401(k) or Roth IRA is at risk in a divorce?
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...
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...