The property division determination of the divorce involves more than just bank accounts and real property. Couples going through a split also need to divide debt.
There are a wide array of articles outlining what you should not do online during a divorce. Although it is wise to follow many of the tips in these guides, it is also important to note that there are some steps online that every individual going through a divorce should take.
Movies and T.V. shows on prime time have all touched on the topic of divorce. Seeing as approximately 50 percent of marriages end in divorce, this isn't surprising. What is surprising is the unrealistic expectations these depictions can produce. Divorce in the real world is generally much, much different.
Marriage is a partnership. Generally, this partnerships is intended to help foster a healthy relationship between two individuals, a relationship where each partner can feel supported and loved. Although many marriages may begin this way, approximately half falter.
A divorce attorney knows that prenuptial agreements can serve as a safeguard against property division disputes, in the event a couple divorces. Under Massachusetts state law, these written contracts allow the parties to make lawful limitations on the equitable division of property that would otherwise apply during a divorce.
Does a high-asset divorce require more time and court involvement? If a couple failed to execute a prenuptial agreement, the answer might be yes.
Given the recent media attention regarding collaborative divorce, readers may have some questions about how this process differs from more traditional approaches.
A divorce can be an emotional ordeal. Couples that have gone through this process may want nothing more than to avoid prolonged contact with each other. Yet when children are involved, a joint child custody arrangement may defeat that wish.
Should I stay or should I go? Readers might recognize that phrase as a song lyric. In the context of divorce, it aptly refers to the difficulty in deciding which issues to fight or settle.
A divorce attorney would readily agree that property division can be approached proactively. That is to say, each spouse can prepare an itemization of checking and savings accounts, retirement accounts or other securities, property valuations and more.