With the legal changes to alimony determination now setting in, it may come as no surprise to Massachusetts residents that opinions on divorces and how to handle them change over time. It's hard not to notice that societal opinions on relationships appears to have changing, with new studies showing that more people are cohabitating before marriage, waiting to get married longer and even sometimes avoiding marriage altogether. Experts have also noticed growing acceptance of divorce, indicated by so called "grey divorces" amongst individuals over the age of 50.
When a divorce is finalized, it doesn't necessarily mean an end of legal troubles between ex-spouses, especially when the issue of child custody is involved. Disputes over visitation rights, custody arrangements or alimony payments can all cause additional problems. While all of these problems could be avoided through cooperation outside of a courtroom, sometimes agreements can't be made.
For most readers here in Massachusetts, a billion dollars is only an abstract concept that is impossible to conceive of in real life. But for a select few, a billion dollar transaction is a part of daily life. When these billionaires decide to divorce, their complex property division settlements often make national news.
Christy Mihos is a staple of life in Massachusetts. At one time he owned dozens of stores on Cape Cod and was the vice chairman of the Massachusetts Turnpike Authority. Mihos also twice ran for governor of Massachusetts, although both campaigns were ultimately unsuccessful.