When adults get divorced, they are not the only ones impacted by the family change. The children are also impacted in a profound way. However, a few tips may help divorcing parents in Massachusetts to make the transition that comes with divorce much easier for their children. First, although infants may not understand divorce, they do…
Business owners can protect themselves during divorce
When spouses walk down the aisle in Massachusetts, they generally do not expect to break up several years or even months later. Unfortunately, though, about 50 percent of marital unions end in breakups nationwide. Here is a look at how business owners can protect themselves from divorce. First, creating a limited liability company, corporation or…
Financial aspects of divorce can be challenging to navigate
Going through the dissolution of a marriage can be complicated not just emotionally but also financially. For this reason, it is critical that those going through divorce consider the full picture and remain financially cognizant of what is taking place during the proceedings. Here are a few tips for tackling the twists and turns of divorce…
Splitting of inherited IRA can be tricky during divorce
Going through a marital breakup in Massachusetts is no doubt a difficult feat both financially and emotionally. From a financial standpoint, figuring out how to divide major assets, such as the home or a retirement plan, can especially be daunting. A particularly tricky area of divorce property division today is the division of inherited individual retirement…
Divorce can affect college application process
The dissolution of a marriage in Massachusetts can understandably be emotionally and financially tough to navigate. This is true for any parent going through divorce, but it is also the case for any children experiencing it. A particular area that may be impacted by divorce is the eligibility of a child for financial aid. The challenge…
Divorce can impact people financially in several ways in 2018
The process of getting divorced in Massachusetts can understandably be overwhelming both emotionally and financially. After all, it involves several moving parts that have potentially long-lasting impacts. Here is a glimpse at how divorce can impact a person’s retirement, taxes and financial status in 2018. First, divorce can have an impact on a person’s investing…
Divorce mediation, litigation require different amounts of time
Going through a marital breakup in Massachusetts is anything but easy from both an emotional and a financial standpoint. As a result, two spouses would likely want to complete the divorce process as soon as possible. This may be possible with mediation, although the opposite is often true with divorce litigation. Mediation is an alternative dispute…
Baby boomers choosing divorce for various reasons
The dissolution of a marriage in Massachusetts can understandably be hard to navigate both financially and emotionally. This is the case no matter how long or short of a time two people have been united in marriage. However, divorce is becoming more common among older individuals. Here is a glimpse at the reason behind this…
Divorce chances increase due to specific risk factors
People in Massachusetts generally do not enter marriage with the expectation of getting divorced. However, life happens, and sometimes, divorce is unavoidable. Research shows that a couple of personal characteristics increase a person’s chances of getting divorced. First, whether two spouses attend religious services can have a major impact on their divorce risk. A recent…
Responding to divorce petition a crucial step in marital breakup
A spouse has decided to finally call it quits in his or her marriage. However, deciding to get a divorce is only half the battle. Here is a glimpse at what steps must be taken to kick-start the divorce process in Massachusetts. First, a spouse who is interested in getting divorced must file a divorce…