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...
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Asset Division
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...
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...
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...
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...