Throughout your marriage, you and your spouse supported one another and shared your resources. Both of you have come to expect a certain standard of living and to enjoy certain benefits that you derive because of your marriage. When one spouse files for divorce, both will have to adjust to reduced income and changes to their household circumstances. Splitting your
When you get divorced, you know well that marital assets must be split. There are plenty of things that you and your spouse shared, such as homes, cars, furnishings and basic income. These are going to get divided between the two of you. That said, there are also plenty of things that you consider your own. Gifts tend to fall
Many individuals have begun sinking funds into cryptocurrencies in recent years. Their reason for doing so is two-pronged. Cryptocurrencies are relatively anonymous, and thus continue to be largely unregulated. They also are a new investment option and quite attractive to individuals looking to buy-in low. As for downsides to cryptocurrencies? They’re hard to track down if you have a spouse
When a divorcing couple has a lot of valuable assets — particularly collections, works of art, intellectual property and the like — the property division process can get very complicated. There are times when it’s necessary to bring in outside professionals to help, like an appraiser. They can aid you and your ex in reaching an agreement about the value of your
Heirlooms often have little more than sentimental value. However, in high-asset divorces, family heirlooms can become a point of contention. Art, guns, jewelry, antique furniture, and other items are meant to be passed down for generations, but those items may be subject to division as part of your marital property under certain circumstances. To avoid precious family heirlooms from being
Your spouse’s career has flourished over the years and their income has steadily grown as they reached the top levels of their company. You know that it consists of more than just a salary. You may have heard them talk about bonuses, stock options and commissions. However, you never paid much attention until you started preparing for divorce. Now you
If you and your spouse are divorcing, other than the custody of any children, the division of your property is likely the biggest issue you will face. Typically, the family home and any vacation homes or rental properties, along with the retirement accounts, are the largest assets to divide. But along with those big-ticket assets, don’t forget some smaller, but
You’re a stay-at-home parent, as you have been for the last 10 years. When you and your spouse decided to have children, you also decided that your spouse could continue working to grow their business and you would quit your career to care for the kids. Over the last decade, your spouse’s business has done quite well. You’re used to
Alimony is still quite popular among divorcing couples here in Massachusetts. The Alimony Reform Act dictates how judges should base alimony decisions, in large part, on the length of a couple’s marriage — but a dependent spouse’s expenses are also a big factor. Changing an existing divorce decree and alimony amounts may take some legal wrangling, and there’s no guarantee
Family businesses take a lot of work and sacrifice from everyone involved. While a family business is often a source of pride for a couple, it’s also something that can cause problems if the marriage fails. Trying to determine what should happen to a business when the owners are getting a divorce can be a challenge. There are several ways
Throughout your marriage, you and your spouse supported one another and shared your resources. Both of you have come to expect a certain standard of living and to enjoy certain benefits that you derive because of your marriage. When one spouse files for divorce, both will have to adjust to reduced income and changes to their household circumstances. Splitting your
When you get divorced, you know well that marital assets must be split. There are plenty of things that you and your spouse shared, such as homes, cars, furnishings and basic income. These are going to get divided between the two of you. That said, there are also plenty of things that you consider your own. Gifts tend to fall
Many individuals have begun sinking funds into cryptocurrencies in recent years. Their reason for doing so is two-pronged. Cryptocurrencies are relatively anonymous, and thus continue to be largely unregulated. They also are a new investment option and quite attractive to individuals looking to buy-in low. As for downsides to cryptocurrencies? They’re hard to track down if you have a spouse
When a divorcing couple has a lot of valuable assets — particularly collections, works of art, intellectual property and the like — the property division process can get very complicated. There are times when it’s necessary to bring in outside professionals to help, like an appraiser. They can aid you and your ex in reaching an agreement about the value of your
Heirlooms often have little more than sentimental value. However, in high-asset divorces, family heirlooms can become a point of contention. Art, guns, jewelry, antique furniture, and other items are meant to be passed down for generations, but those items may be subject to division as part of your marital property under certain circumstances. To avoid precious family heirlooms from being
Your spouse’s career has flourished over the years and their income has steadily grown as they reached the top levels of their company. You know that it consists of more than just a salary. You may have heard them talk about bonuses, stock options and commissions. However, you never paid much attention until you started preparing for divorce. Now you
If you and your spouse are divorcing, other than the custody of any children, the division of your property is likely the biggest issue you will face. Typically, the family home and any vacation homes or rental properties, along with the retirement accounts, are the largest assets to divide. But along with those big-ticket assets, don’t forget some smaller, but
You’re a stay-at-home parent, as you have been for the last 10 years. When you and your spouse decided to have children, you also decided that your spouse could continue working to grow their business and you would quit your career to care for the kids. Over the last decade, your spouse’s business has done quite well. You’re used to
Alimony is still quite popular among divorcing couples here in Massachusetts. The Alimony Reform Act dictates how judges should base alimony decisions, in large part, on the length of a couple’s marriage — but a dependent spouse’s expenses are also a big factor. Changing an existing divorce decree and alimony amounts may take some legal wrangling, and there’s no guarantee
Family businesses take a lot of work and sacrifice from everyone involved. While a family business is often a source of pride for a couple, it’s also something that can cause problems if the marriage fails. Trying to determine what should happen to a business when the owners are getting a divorce can be a challenge. There are several ways
