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Posts tagged "Property Division"

Tax implications during asset distribution in a divorce


Whether a couple is together for a few years or decades, there are various important factors to consider and go over during the dissolution of their marriage. Married couples in Massachusetts going through a divorce may have some serious family law issues to get through. For most, property division is not only an important decision-making process but it is also a very difficult procedure to work through. It could also become very complex if the couple has numerous assets and marital property. Furthermore, how they distribute their property could also affect them in other ways down the line.

The importance of prenups and postnups for stay at home mothers


There are many things to consider when it comes to entering a relationship. Marriage requires the same thought process, and several married couples in Massachusetts consider written instruments to help instill the decisions they made prior to or during the marriage. A prenuptial agreement and postnuptial agreement can help layout important factors and could end up to be a very crucial document in a divorce. Whether it is property division or the amount of spousal support an ex will receive, these agreements could help lower disputes during the dissolution of a marriage.

Complexities involved in a gray divorce


For many couples, they get along for several years without any major problems. The couple will get married, have children and grow old together like they intended. Although they have been married for decades, they have determined that it is best they part ways. Even when married couples in Massachusetts are reaching retirement age and their children have long left the home, more arguments develop and they can no longer get along. Because they have several years and even decades of property, divorcing after being together for so long can be very difficult, especially when it comes to property division and dealing with retirement assets.

Considering the collaborative approach for divorce settlements


When couples in Massachusetts decide to get married, many decisions go into making that desire a reality. The same goes for divorce. When a marriage turns sour, the choice to dissolve the marriage is often a very difficult reality to face. No matter the reason the couple decides to part ways, the divorce process often means facing a difficult decision-making process, which often includes major issues such as property division.

Rising request for prenuptial agreements by women


When Massachusetts's couples get married, they usually have a laundry list of things to consider, including whether to have a prenuptial agreement. Even though it is not an ideal topic to discuss, the reality is that divorce is an issue that should be noted. Whether a couple decides to have this discussion prior to marriage, during the marriage or when they decide to divorce, it is a common event to address. Drafting instruments such as a prenuptial agreement or a postnuptial agreement will help to avoid or reduce divorce legal issues and disputes.

The benefits of collaborative divorce and family law mediation


The prospect of a divorce conjures images of lengthy court battles and bitter fights for many Massachusetts residents. Although litigation cannot be avoided in every case, family law mediation or collaborative divorce offer realistic alternatives to the traditional path of litigation.

What to expect financially in a Salem divorce


A Salem divorce can be an emotional and stressful experience for all the parties involved. This is especially true in a contested divorce, where disputes over property division, child custody and finances can result in extended litigation. However, there are several things both men and women can do to ease the difficult process that all too often is divorce.

Gray Divorces on the rise


As times change, so do people. Attitudes towards marriage are often affected by changes in culture both in Massachusetts and throughout the country, and a recent divorce statistic is showing how drastically opinions on divorce may have shifted over the years. The growing trends of divorces amongst individuals above the age of 50 has become a more common occurrence, so much so that sociologists have given it the label "gray divorces," and a recent study shows this trend may continue to be on the rise.

Dividing retirement funds during a divorce


Divorces are difficult enough, without needing to take into consideration the division of marital property. However, the process of property division is oftentimes an area where divorce disputes are prone to arise, so it can be helpful to be aware of common issues and resolutions which may help avoid additional complications. In particular, how to divide complex assets like retirement funds can prove to be challenging to many couples, but there are several common considerations, which can make this process easier.

Looking ahead towards retirement after a divorce


Couples going through a divorce in Massachusetts have many tough decisions to make. In addition to child custody and support concerns, couples are left with the task of dividing the marital property between them. When this happens, couples should not only consider their immediate needs but also their long-term financial goals, such as retirement.

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Koiles Pratt Family Law Group
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Salem, MA 01970

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