Q: What is martial property? A: Massachusetts law has a very broad definition of marital property. It defines marital property as property owned by either or both spouses, whether acquired during the marriage, or prior to the marriage. This means that if property is in only one spouse’s name, or was bought before the marriage,…
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Divorce Mediation: Preparing Your Case
Now that you have made the wise decision to mediate your divorce case, it’s time to do your homework. As you know, mediation provides a mechanism for disputing parties to reach an amicable and well thought out resolution to a divorce, without having to depend on the court to make decisions for you and your…
Divorce and Money
you’re in the process of getting a divorce, money issues are likely to be a key point of discussion. Whether you’re the spouse of a billionaire or part of a working class couple trying to divide up the bills, money is contentious. That’s the central point of my latest book, The New Love Deal (www.NewLoveDeal.com)…
10 Things No One Tells You About Divorce
Not all divorce advice is created equal. For every good tip you receive from someone (don’t use your attorney as your therapist, keep those rants about your ex off Facebook), there are just as many unhelpful comments: “Don’t get mad, get everything!” Just no. The best source for advice you can actually use are divorcés…
Divorce Questions: How Does Adultery Affect A Divorce Case?
Marriages can end when one member of the couple discovers that the other has had an adulterous relationship. How important is the impact of the extra-marital relationship on the divorce itself? Legally, the answer varies from state to state. In some states, there is very little impact at all while, in others, it can have…
Certain changes in financial behavior and conversations about money are sure-fire signs that your spouse is preparing to split up.
Over 25 years, I’ve worked on the financial aspects of more than 1,300 cases of divorce. Rarely are both spouses in sync when it comes to filing; one spouse is usually laying the groundwork before the other. In hindsight, most people on the receiving end of the filing have their “aha!” moment. One homemaker told…
Resetting Your Retirement After Divorce
When couples divorce, long-term financial priorities sometimes receive the least attention. Many money issues are about immediate needs – where to live, how to handle everyday expenses and if there are kids, how to support their needs in two households, not one. This is why retirement planning can face serious obstacles post-divorce. In marriage, a…
How to Protect Your Company From Your Business Partner’s Divorce
Before you formed your business partnership, did you vet your partners’ marriages along with their bank statements? You may not consider it until divorce proceedings are underway, but your partners’ spouses likely own a part of your company, whether you want them to or not. In my day job as a financial strategist specializing in…
Dependency Tax Exemptions and Divorce
During the course of a divorce, there are many issues that spouses have to resolve: property division, alimony, child custody, child support, medical insurance, and taxes. One after thought of these many issues is the child dependency tax exemption. In a divorce, spouses can agree how to allocate the dependency tax exemption. For example, if…
7 Resolutions to Having a Great Newly-Divorced Year
If 2015 will mark the first full calendar year since your divorce, January may feel not only like the beginning of a new year, but also the start of a new life. Divorce is a major life change, so what can you do to make this next year a change for the better? Besides all…
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