Divorce isn’t just a legal process—it’s a financial one. Ending a marriage means dividing assets, debts, and future obligations that may have taken years to build. In Massachusetts, courts aim for an equitable (but not necessarily equal) division of property, which often requires a detailed review of each spouse’s finances. Understanding the key financial considerations…
More women than men make smart money choices following divorce
According to a new survey, 75 percent of divorced individuals who are retirement age do not know enough about how to manage their money. However, women appear to be doing better than men in this area following divorce in the state of Massachusetts and elsewhere. These findings come from the American Institute of CPAs. In…
Divorce can happen in adults’ younger years
People generally get married with the intention of staying married in the state of Massachusetts and elsewhere. However, it does not always work out that way as irreconcilable differences arise. Unfortunately, the process of getting a divorce can be challenging no matter how many or how few years the couple has been married. In the…
Some steps can help one to survive financially after divorce
When people walk down the aisle, they typically do not anticipate getting divorced years down the road. However, unfortunately, a large number of marriages come to an end eventually. People in Massachusetts normally do not want to plan for divorce, but solid financial planning is essential at the beginning of the divorce process to protect…
Budgeting important following divorce
The process of dissolving a marriage in the state of Massachusetts is usually characterized by financial upheaval. This is true even for someone who is able to remain in the same job and keep the family home following the divorce proceeding. After all, even if one’s bills remain the same, one’s income may be cut…
Reviewing tax documents can help those preparing to divorce
The process of dissolving a marriage can be financially painful and emotionally draining. After all, money and children are often two of the most important issues in many divorce proceedings. A couple of tips may help those going through the divorce process in Massachusetts at the beginning of the year to protect their best interests….
Divorce can be tricky for businesspeople
A Massachusetts divorce is typically emotional and stressful. However, dissolving a marriage can be particularly challenging for people who own businesses. A few tips may help business owners to navigate the divorce process effectively. In all circumstances, it is imperative that a business owner keep his or her household finances separate from those of the…
Anger can have an effect on divorce proceeding
It is normal for people going through the dissolution of a marriage in Massachusetts to feel frustrated and emotionally exhausted. This is true whether the couple has few assets or many assets of high value. Anger does actually offer a few benefits, but it can also be a destructive emotion during the process of divorce….
Divorce can be emotionally tough for the children
Getting divorced in Massachusetts can understandably be challenging for both parents, but it can also be emotionally challenging for the children involved. This is particularly true when the two parents have a hard time finding common ground in the area of child custody during their divorce. New research shows that even though children may have…
Splitting retirement assets major part of divorce proceeding
The emotional toll of dissolving a marriage in Massachusetts can be difficult to manage. However, the financial issues that come with getting a divorce can also be challenging to address. When two people get divorced, retirement plan assets may need to be divided, which can pose tax-related problems if not executed properly. If one person…