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May 2017 Archives

Steps to prevent losing your business in a high asset divorce

Any Massachusetts resident who has worked hard to build a successful business may be devastated if a spouse takes half of it in a divorce. For that reason, measures are typically taken to protect such an asset -- especially in a high asset divorce. Although not watertight, a prenuptial agreement could provide the necessary protection if one spouse owned the business before the marriage.

Child custody: Infants and toddlers need sleepovers with dads

Any divorced parent in Massachusetts will likely know how difficult it is to make sure all decisions are in the best interests of the child -- especially if the child is an infant or a toddler. When parents negotiate child custody and parenting time, it would only be natural for a mother to think it would not be in best interest of the child to have overnight visits with the father at such a young age. She might fear such visits might jeopardize the mother-child relationship.

Property division can determine post-divorce financial stability

Divorce can cause financial ruin if care is not taken. Massachusetts couples may not realize that a significant part of their net worth can be lost in a divorce, making it tough to run two households afterward. However, precautions can be taken to limit the financial impact. Careful consideration is necessary about what is accepted in the property division process.

High asset divorce not for the faint-hearted

Massachusetts residents might agree that no divorce is easy to navigate, because they are so emotionally taxing on both spouses. The financial strain that is typically associated with a high asset divorce can make it even more challenging. The division of complex financial portfolios is hardly ever easy.

The types of assets accepted in property division is important

Along with the emotional toll of divorces on most Massachusetts people who decide to go their separate ways, the financial implications can be devastating if precautions are not taken. There is typically an immediate effect when one spouse moves out, creating a second household with all the associated expenses. While this can cause a setback, the worst may be to come if care is not taken during the process of property division.

For child custody determinations, stable may not mean two parents

To play a role in a child's life, various adults may seek court approval, even if they are not the child's parent. For example, grandparents may request custodial powers. Indeed, in our changing American family demographic, new custody arrangements are bound to arise. A recent example, involving one dad and two moms, underscores that the best interests of a child can be served from a variety of loving contacts.

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Salem, MA 01970

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