Navigating the dissolution of a marriage in Massachusetts can be tricky no matter how much or little money or other assets a couple has. After all, the act of untangling two financially intertwined lives can be equally painful from one couple to the next. In light of this, in some divorce situations, one of the…
Timing of Massachusetts divorce — is it seasonal?
Sometimes getting divorced in Massachusetts or elsewhere is inevitable if two spouses cannot reconcile their differences. However, research indicates that the time of the year might play a significant role in a couple’s decision to get a divorce. Sociologists recently analyzed filings for divorce in another state and learned that marital breakups peaked consistently after…
Splitting a 401(k) during divorce doesn’t have to be difficult
Sometimes marriages in Massachusetts simply do not work out. In these cases, feeling emotionally unstable is natural, and one may also be concerned about the stability of his or her future financial standing. This is particularly true for those getting a divorce near retirement age. When it comes to IRAs, it is possible the divorcing couple…
Alimony penalty may have impact on future divorce proceedings
Thanks to lawmakers, those in Massachusetts who are contemplating ending their marriages have a bit more time to decide without facing a financial penalty related to paying alimony. The current tax bill’s final version would eliminate the break that divorcees currently enjoy for making alimony payments. However, it will apply only to divorce agreements that are…
Investment planning important after divorce
Not all married couples end up happily ever after in Massachusetts and elsewhere. Unfortunately, going through divorce can be emotionally and financially challenging. A couple of tips may help with handling the financial aspect of going through divorce effectively. Â First, in addition to paying attention to important matters such as the division of assets,…
Being financially prepared for post-divorce years is paramount
The dissolution of marriage later in life is a causing more individuals to be single during their retirement years. Being single can certainly be an emotionally stressful experience, but it can also be a financially overwhelming one. A couple of tips may help those going through divorce in Massachusetts to protect themselves financially, especially if…
Achieving financial goals is possible during divorce
Achieving personal financial goals can be challenging at any stage of life, but it is especially challenging during the process of ending a marriage. However, the proper information can help to alleviate the financial stress associated with divorce. It can also help to speed up the process and lead to a personally beneficial outcome during…
Several reasons exist to feel thankful during divorce
Getting divorced is a distressing experience, so naturally, finding reasons to complain is often easier than finding reasons to be grateful. However, finding reasons to be filled with gratitude even in the midst of an acrimonious divorce proceeding may make the process more palatable. Here are a few reasons to feel thankful while going through…
Home costs a factor in property division during divorce
Ending a marriage is an emotionally challenging process, but it is also tough financially. One of the biggest sources of financial conflict during a divorce proceeding is figuring out what to do with the family home. A few tips may help with navigating this aspect of the dissolution of a marriage in Massachusetts. One option…
Marital debt can be major source of conflict during divorce
Spouses typically do not plan to get divorced. However, divorce is sometimes inevitable, and the process can quickly become complicated and overwhelming. One aspect of divorce in Massachusetts that can be particularly complex is how to handle marital debt. An important step when tackling debt during a divorce proceeding is figuring out how much debt…