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The importance of financial planning during a divorce


When couples in Massachusetts get married, they have many financial decisions to make. The same is true when the marriage dissolves. A divorce could mean taking extensive time detailing marital assets, property and debts. For some, this process is not as difficult because they have designated instruments such a prenuptial agreement to determine the division of property. For others, this can be an extremely stressful, emotional and complex task to complete.

Dealing with the fear of the unknown in a divorce


There are life events that seriously impact the lives of married couples in Massachusetts. For some this might be relocating, changing careers or having children. Although positive and exciting events impact their lives in a positive and uplifting way, some life events are challenging and very emotional. When a couple decides to get a divorce, several components are affected. One or both spouses might have to move, their work performance could go down, they have an increase in stress and they might have issues and disputes surrounding child custody.

Complexities involved in a gray divorce


For many couples, they get along for several years without any major problems. The couple will get married, have children and grow old together like they intended. Although they have been married for decades, they have determined that it is best they part ways. Even when married couples in Massachusetts are reaching retirement age and their children have long left the home, more arguments develop and they can no longer get along. Because they have several years and even decades of property, divorcing after being together for so long can be very difficult, especially when it comes to property division and dealing with retirement assets.

Judge awards ex of convenience store tycoon most of their fortune


When difficulties present themselves in a relationship, couples in Massachusetts may choose to keep it private or at least among close friends and family members. This luxury is not always present when a high profile or public figure is getting a divorce. Often a high-asset divorce will be covered by the media and will often make the process more challenging for the couple dissolving their marriage.

Considering the collaborative approach for divorce settlements


When couples in Massachusetts decide to get married, many decisions go into making that desire a reality. The same goes for divorce. When a marriage turns sour, the choice to dissolve the marriage is often a very difficult reality to face. No matter the reason the couple decides to part ways, the divorce process often means facing a difficult decision-making process, which often includes major issues such as property division.

Rising request for prenuptial agreements by women


When Massachusetts's couples get married, they usually have a laundry list of things to consider, including whether to have a prenuptial agreement. Even though it is not an ideal topic to discuss, the reality is that divorce is an issue that should be noted. Whether a couple decides to have this discussion prior to marriage, during the marriage or when they decide to divorce, it is a common event to address. Drafting instruments such as a prenuptial agreement or a postnuptial agreement will help to avoid or reduce divorce legal issues and disputes.

The affects divorce has on financial careers


When issues are present in a marriage, couples in Massachusetts need to determine what is best for their future. Even if they decide that a divorce is their best option, the process can be very life altering and cause hardships in their personal and professional life. The emotions and disputes that occur during the dissolution could significantly affect the future of the soon-to-be ex-spouses, especially when it is a high asset divorce.

The benefits of collaborative divorce and family law mediation


The prospect of a divorce conjures images of lengthy court battles and bitter fights for many Massachusetts residents. Although litigation cannot be avoided in every case, family law mediation or collaborative divorce offer realistic alternatives to the traditional path of litigation.

What to expect financially in a Salem divorce


A Salem divorce can be an emotional and stressful experience for all the parties involved. This is especially true in a contested divorce, where disputes over property division, child custody and finances can result in extended litigation. However, there are several things both men and women can do to ease the difficult process that all too often is divorce.

Dividing retirement funds during a divorce


Divorces are difficult enough, without needing to take into consideration the division of marital property. However, the process of property division is oftentimes an area where divorce disputes are prone to arise, so it can be helpful to be aware of common issues and resolutions which may help avoid additional complications. In particular, how to divide complex assets like retirement funds can prove to be challenging to many couples, but there are several common considerations, which can make this process easier.

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Koiles Pratt Family Law Group
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Salem, MA 01970

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