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December 2014 Archives

What if divorcing spouses can't reach an agreement on their own?

When a married couple in Massachusetts decides to dissolve their marriage, the parties must also decide how to divide their assets. First, the parties list all their assets and then they must separate any personal property from marital property. They must then negotiate until they reach an agreement on how to divide the marital property. They then take this agreement to the court, which reviews the agreement to see if it meets guidelines of fairness. If so, the court will approve the agreement and the divorce will become final in a few months.

Understanding alimony in Massachusetts

When couples divorce, many questions arise related to finances and money, especially in situations involving lengthy marriages or marriages where one spouse's willingness to stay home and out of the workforce enabled the other spouse to pursue a career. Depending on the details of each specific case, a divorce can devastate a former spouse financially, leaving him or her not only with limited to no money but also limited abilities to earn a gainful living. This is why alimony exists.

Understanding the complexities of a high-asset divorce

Divorce may not be an easy topic to think about, but it is a basic reality for many individuals in Quincy who have determined it is no longer in their best interests to remain married. While sometimes a divorce can be amicable, with each spouse parting ways on agreeable terms, this can become complicated in a high-asset divorce. This is because one very personal and sometimes hotly contested issue of both a marriage and divorce is money. And when emotions run high, it is easy to make financial mistakes.

Understanding the benefits of preparing a prenuptial agreement

Premarital agreements, or prenuptial agreements, sometimes carry a negative stereotype. In reality, prenuptial agreements can serve as a benefit to couples entering a marriage. Without a prenuptial agreement, if the couple divorces at some point, property division and other important concerns may not be easily resolved. If the couple does not have a prenuptial agreement, state law, equitable division rules and courts may determine how divorce-related issues, such as property division and alimony, are resolved between the couple.

How do I file for alimony modification in Massachusetts?

When a couple in Quincy parts ways, one of the issues that is often part of the process is alimony. Divorce is a difficult enough situation as it is without the aftermath causing more problems due to financial difficulty. The receiving spouse or paying spouse might have reasons to dispute the amount and wish to file for an alimony modification. In order to do so, it is imperative that the reasons for making the request are understood so there will be a good chance of achieving the desired end.