Many times, a family business is a focal point in the property division phase of a divorce. The task of determining how to divide it is not an easy job, and some sticky issues may need resolving before reaching an equitable division.
Some couples make the decision to divorce gently and amicably. However, some couples involved in a high asset divorce in Massachusetts might have trouble accomplishing that. There is much at stake financially and when money and assets are involved, negative emotions can run rampant, making it hard to make logical, unemotional decisions. When one spouse -- in most instances, a husband -- wants to keep from having to split assets, he may try to dissipate them.
Lifestyles of the rich and famous are, to many Massachusetts residents, something to be envied. Many people wonder what it would be like to be able to spend millions without batting an eye. One socialite did just that. She and her now ex-husband spent millions each year on a variety of things before settling a high asset divorce. Now, after the divorce has been finalized, the woman, Lara Trafelet, is balking at the cost of her divorce.
Celebrities are constantly in the public eye, and for many Massachusetts residents, the gossip surrounding their lives is a source of entertainment. Because many celebrities are constantly being filmed or photographed, it is easy for some of the things that they have said or done to come back to haunt them, and the constant media attention can put a strain on many celebrities careers and private lives. Billy Bush and his wife are at the beginning of what will likely be a high asset divorce, but unlike many other celebrities, the two still seem to care for one another.
Many Massachusetts residents may have experienced or witnessed how divorce can affect the relationships between people. Sometimes the separating couple is eventually able to overcome the stress of the situation and get along with one another. However, there are other times when a divorce, especially a high asset divorce, can turn ugly. Some couples have been known to spy on one another, vandalize each other's homes, or even hurt one another in a few extreme cases, and family members may also get caught in the middle.
Many people who wish to one day get married have imagined what their wedding day might be like. They may get ideas from magazines, television shows or highly publicized celebrity weddings. What many Massachusetts residents come to realize is that weddings can become very expensive very quickly. Unfortunately, in some cases, a high priced wedding can turn into a high asset divorce.
Finances are handled in a variety of different ways amongst married couples, as many Massachusetts residents know. Many older couples have spent years, sometimes decades, acquiring various assets, and many women have been content to allow their husbands to make the majority of the financial decisions. This may cause problems for some when they find themselves in the midst of a high asset divorce.
Grey divorce has become increasingly common over the last several years. Couples who have been together for decades and have adult children are choosing to go their separate ways. Many Massachusetts residents are discovering that what they believed should have been a very simple divorce can easily turn into a high asset divorce due to their years of acquiring assets.
Massachusetts residents may have noticed that in the last several years there has been an increase in the number of divorces amongst older couples. Divorce at any age can be difficult, but in some cases, it may be more so for older couples because they have had more time and opportunities to collect a wide variety of assets. There are several things that couples going through a high asset divorce might keep in mind in order to ensure that everything proceeds smoothly.
Divorces are often depicted as volatile and unfriendly, to say the least. This is especially true in celebrity divorces or in a high asset divorce. However, many Massachusetts residents may be relieved to know that this need not be the case. Gwyneth Paltrow and her ex-husband, Chris Martin, have been able to remain friendly even after their divorce in 2016.