Divorce can create many financial challenges, especially for those with high incomes. Adjusting to a new financial reality can be difficult. In particular, several key areas often present the most significant financial challenges for divorced individuals coming from...
Divorce
Spousal support challenges in same-sex divorce
As same-sex marriages become more common, so do the issues surrounding same-sex divorces. One significant aspect to consider is spousal support. This financial support can be complex, especially for LGBTQ+ couples. How is spousal support determined? Spousal support,...
How property owned before marriage is impacted by divorce
Divorce can be a complicated process, especially when it comes to dividing property. In Massachusetts, the division of property follows the principle of "equitable distribution." This means the court aims to divide property fairly but not necessarily equally. Several...
Key financial strategies for affluent couples facing divorce
Divorce can be complex, especially for affluent couples. Proper financial planning is needed to ensure a fair division of assets and financial stability. Assessing financial situation Start by compiling all financial documents. This includes bank statements,...
What makes gray divorce different?
Divorce is a challenging experience, no matter the age of those ending a marriage. When it happens later in life, often known as "gray divorce," the process brings unique challenges and considerations. The trend of those 50 and older divorcing continues to increase....
Additional considerations for same-sex divorce
Divorce is a complex journey for any married couple. When it comes to same-sex unions, the process may involve further considerations due to legal, social and emotional factors. Awareness of these unique challenges helps gay divorcing spouses better navigate their...
How does a gray divorce affect standard of living?
Gray divorce is the dissolution of marriage among adults aged 50 and above. This type of divorce can have significant implications for the standard of living for both men and women. Understanding how gray divorce affects the standard of living for men and women is...
How to face common causes of divorce
Marriage is a complex journey that often faces challenges. Understanding the common causes of divorce can guide you if these issues arise in your marriage. Knowing what to do in difficult situations can pave the way for a healthier future. Lack of communication...
What happens to stock options during a divorce?
When couples decide to part ways, the division of assets becomes a central concern. For individuals with stock options, the fate of these investments is a key aspect of divorce. Status of stock options In Massachusetts, stock options acquired during the marriage are...
What to know about appraising antiques during a divorce
One of the most challenging aspects of divorce is the issue of fairly dividing assets. Antiques, for example, can hold significant monetary value that is difficult to ascertain. Understanding how to appraise such items is necessary for equitable distribution. Research...