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3 alimony negotiation mistakes

Thousands of Massachusetts residents have gone through a divorce. However, some cities have couples who appear to be more prone to divorce than others. The cities with the highest divorce rates in the state include North Adams, Newburyport and Pittsfield. 

One of the most contentious issues that will come up in any divorce is the subject of alimony. More times than not, one spouse will have to pay the other a set amount of money, at least temporarily. If you are the party who has to pay out, then you need to be cautious and avoid the following mistakes. 

Tips for co-parenting successfully

Just because you get a divorce does not necessarily mean you completely end any type of relationship with your ex. In fact, you may end up co-parenting with your former spouse. You may need to navigate this new family dynamic that requires you to cooperate and put your children first before any resentment or anger towards the other parent.

Ending your marriage may be full of conflicts and negative emotions that make co-parenting seem nearly impossible. But as a dedicated parent, you can put your own feelings aside for your children's benefit. Here are some suggestions for having a successful co-parenting relationship.

A little prenup can go a long way

Nearly every attorney may have a client who wants a prenuptial agreement. Surprisingly, clients with little or no valuable assets are eager to make a prenup because their friends say it is the right thing to do.

Prenuptial agreements, while trendy favorites in media circles, are not necessary or even useful for everyone. They are serious legal documents that can deeply affect many aspects of a marriage. A couple should not casually enter into these agreements without understanding the consequences.

New Massachusetts Alimony Law Sets New Limits

Often divorce is associated with the start of a new beginning, but sometimes the court assigns alimony or spousal support for the give-and-take of marriage. The obligation of alimony may impede the feeling of a new beginning for some, but a new alimony law in Massachusetts may help those who divorce gain needed financial separation. 

The Marital House No Longer As Coveted In Divorce

Before the Great Recession, the going philosophy was that the marital home was a prize to be won during the property division process of divorce. Today that philosophy no longer holds as much water as house prices have deflated. The consequence is that couples who go through divorce today try to avoid ownership of a marital home that has lost value. For some, the upkeep of the mortgage on the marital house after divorce poses as a stealth financial disaster.

Be Aware Of Underhanded Tricks Spouses May Play During Divorce

Divorce is rarely an easy event. When a marriage breaks down, emotions can run high and spouses may engage in vindictive acts to try to make things problematic for the other spouse during the divorce. People should be aware of some of the more common tactics others use during divorce so they are not taken by surprise.

What type of divorce proceeding should you initiate?

When you recognize your marriage is over, you do not want to sit around and do nothing about it. Initiating divorce proceedings is a daunting task, but one that must occur in these situations. Do you know what type of divorce your situation falls under?

In Massachusetts, the law allows you to file a divorce as a no-fault or fault proceeding. Each has its pros and cons to consider.

Common mistakes in a high-asset divorce

The divorce rate in Massachusetts has fluctuated wildly over the years. According to data collected by the Massachusetts Family Institute, the divorce rate steadily increased for many decades until it dropped sharply in the 1990s. It increased drastically from there, but in 2014, the rate saw a slight drop. 

Divorce is prevalent everywhere in the country, and everyone's case is different. The divorce process is much different for couples who have significant assets to divide between the two. If you will go through a high-asset divorce, it is critical to avoid the following mistakes. 

Little-known reasons a prenup may not hold up in court

The intent of a prenuptial agreement is usually to aid in the divorce process, and to make sure that both parties are in agreement with the split of certain assets. However, some parts of the prenup do not always stand up in court.

In fact, there are times when the court may find the prenup to be void. To avoid such instances and to create a solid prenuptial agreement, it may be beneficial to know about these stipulations. 

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