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.
An attorney who focuses on divorce and property division matters may have unusual stories about spouses hiding assets from each other. However, it’s unlikely that an attorney has heard of the latest scheme: Bitcoin.
Since the potential for stress is already very high when going through a divorce, why add to it?
In any divorce, there may be challenges in resolving legal, financial or personal issues. Although each couple’s circumstances may be unique, a recent article reminds us that some issues may be more common to certain age groups.
In a divorce, a spouse may need to advocate strongly for his or her position on matters of spousal support, asset valuations and property division. If children are involved, additional discussion will be required about child custody and visitation arrangements.
Issues in a divorce can be highly interdependent. For example, a couple may have disagreements about property division matters until they consider the potential impact on children. Similarly, parents may disagree about legal and physical custody arrangements until they factor in which spouse wants to remain in the family home, and/or whether one parent has plans to relocate.
Readers may know that marital estate obligations may impute both profit and debt liabilities to divorcing spouses. However, a spouse’s actions may also impact business valuations.
Gwyneth Paltrow appears to the most recent poster child for a new movement in amicable divorce. In a recent blog entry on her lifestyle website, Goop, Ms. Paltrow confirmed that she is separating from Chris Martin, of Coldplay musical fame. However, she is committed to sparing the two kids she had with Martin from heartache. To do that, she describes her approach as a conscious coupling.
Readers may have heard of the seven-year itch. In terms of marital happiness, the seven-year milestone may represent a turning point or a hallmark of marital stability and bliss.
For many married couples in Massachusetts, the end of their marriage is unthinkable. Even if statistics prove that it is likely that more than half of all marriage in the United States will end in divorce, some couples do not believe in thinking about or preparing for the possibility of divorce. This can make the reality of divorce a very difficult and complex time. This is especially true if the couple cannot agree on their finances.