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 going through a divorce, one of the most contentious issues is typically the division of assets. Even amongst those who go into divorce proceedings from an amicable perspective can find themselves contentiously disagreeing with one another over property division. Questions such as who gets what property, who is entitled to what pension plans or stocks and who gets to keep the family home can all cause major disagreements. With so much on the line it makes sense to spend time checking into all the details surrounding property division, some of which may be more important than people initially think.
For those who follow the reality show "Keeping Up With the Kardashians," or have heard of the divorce in Massachusetts news reports, it may be already known that Kim Kardashian and her ex-husband Kris Humphries were engaged in a long and contentious divorce. While an agreement was made and signed off on by a judge in April, the divorce has only now become official.
Making the decision to get divorce can be a difficult one to make, but once it's made, most people would agree that getting the proceedings started and completed with as few complications as possible is the best possible scenario. While this may not always be possible when a divorce is coupled with contentious issues such as complex property division or child custody, there are several tips which those facing a divorce can use to make things easier on themselves.
Dividing marital assets in a divorce can be a complex and emotional task. Dividing assets can be even more difficult when there are debts. Unfortunately before a court will finalize a divorce couples must address these issues. While many factors effect property division, the most important involve state laws. Massachusetts, for example, is an equitable distribution state. Another factor affecting property division is the presence of a prenuptial agreement.
Often when people divorce they are concerned with how much of the partnership's assets they will each receive. They are rarely as excited about the amount of shared debt they will acquire, though how debt is divided is an important divorce issue. Couples in Massachusetts should be aware of the situations that may impact just how much debt each former spouse will be liable to acquire.
Actress Jane Seymour, famous for her role in "Dr. Quinn Medicine Woman," recently announced that she was splitting from her husband after 20 years of marriage. The two have teenage twin sons. Sources close to the couple are saying that they were having difficulties trusting each other. When seemingly stable marriages suddenly end in divorce, it can make people question the institution of marriage generally.
Prenuptial agreements do not carry the stigma that they once did, and today many couples choose to protect their assets through such an agreement. The postnuptial agreement, which is created after a couple is already married, is less well known by society. Just like prenuptial agreements, postnuptial agreements can be very helpful for property division during a divorce.
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.
Prenuptial agreements can help make the divorce process less contentious -- that is, if they are upheld by a court. These agreements are routinely upheld by judges in Massachusetts, but a woman in the middle of a divorce recently convinced a judge to find her prenuptial agreement invalid.