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.
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.
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.
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.