Divorcing spouses face unique obstacles when they try to buy a new home. Even if you can afford it, trying to buy a new home before a divorce is finalized can mean a red flag for lenders. In a divorce, it’s bad enough that you’re losing someone you once loved or may still love. It’s…
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5 Reasons Why Alimony Should Be Reduced or Terminated if You’re Living With Someone
1. If you are living with someone else, your financial need has likely been reduced or eliminated, thereby reducing or eliminating your need for spousal support. 2. If you are living with someone else, accepting (or taking) spousal support is, in essence, double-dipping. 3. If you are living with someone else, while receiving spousal support,…
5 Questions You Need To Ask Before You Decide To Divorce
More than 50 percent of marriages end in divorce. Before you break your wedding vows and decide to be part of that statistic, Dr. Phil suggests you answer these five questions, which he calls his “Divorce Readiness Test”: 1. Have you done everything you can to save and rehabilitate your marriage? Have you exhausted all…
The pricier the ring, the likelier the divorce
Diamonds are forever, according to the song, but a marriage that starts with a lavish ceremony and expensive engagement ring is less likely to succeed. The more you spend on an engagement ring and wedding ceremony, the shorter the marriage, according to a study released last month by Andrew Francis and Hugo Mialon, professors in…
Protecting Your Credit in a Divorce
It is not uncommon for married couples to have joint accounts, including joint credit cards. However, once married couples are involved in a divorce, they must decide how to apportion the credit card debt. At that time, each spouse should be looking to protect their credit as much as possible. In Massachusetts, each spouse’s credit…
FAQ’s About Massachusetts Divorce Law
With the national divorce rate close to 50%, many spouses have questions about divorce and the legal process of divorce. Divorce laws from state to state. Here is a summary of Massachusetts divorce law and frequently asked questions about this topic. Q: Is there a legal separation in Massachusetts? A: There is no formal “legal…
FINDING A GOOD DIVORCE LAWYER
Millions of men and women go through divorce proceedings every year and yet many give little thought to finding a lawyer that will best meet their needs. While a good lawyer will lead you through the divorce quagmire and hopefully get you the best possible results, the wrong lawyer can create more problems and add…
Massachusetts Alimony Reform Act & Durational Limits
When the Massachusetts Alimony Reform Act went into effect in 2012, it provided for a payor spouse to file a Complaint for Modification to reduce or terminate his or her alimony obligation based upon durational limits, as further explained below. Rather than allowing spouses to file all at once in 2012, modification for only durational…
Postnuptial Agreements
Dear Clients and Friends, Properly executed pre-nuptial agreements have been enforceable for sometime in the state of Massachusetts. These agreements are entered into between the couple before they are married to protect assets each party had at the time of marriage. Here are Amaral & Associates, P.C., we prepare pre-nuptial agreements on a regular basis…
Weighing Divorce Options
What is the role of stock options in negotiating a divorce settlement? Far from being an academic question, the answer can actually determine the ownership of hundreds of thousands of dollars generated by the sale of appreciated stock acquired through company stock options. By specifying in the divorce settlement exactly how stock options will be…
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