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.
Emotions exist at the beginning and end of most things. This is often true for marriages. Many Massachusetts couples would concur that the honeymoon stage of any relationship is a time of much happiness, joy and excitement. When these initial emotions fade, the couple could develop a long lasting, strong and loving relationship. For others, it is a time where it is apparent that the two are not right for one another and they make the decision to divorce. If the couple has children, this could cause various divorce issues such as custody disputes.
For many couples in Massachusetts, having a prenuptial agreement makes sense. It is clear that the rate of divorce in the nation is high and has been increasing. Drafting this instrument helps a couple through the divorce process, a process which has become more and more common.
The details of a marriage don't often come into play until the end is nearing. Divorcing Massachusetts couples often struggle with the difficult task of organizing their finances in order to reach a divorce agreement. A complex property division does not only occur when the couple owns much property and assets, but also when it is not clear what falls under the category of marital assets. Furthermore, determining how retirement assets and alimony will be treated can prolong the process. Considering equitable distribution, cost of future living, taxation and the need for financial support by one spouse often add to the complexities of dissolution.