Massachusetts Legal Blog
Divorces involving couples with significant net worth may be more complex, with diverse assets which may include investment accounts, properties, and business interests. Some spouses may attempt to move or conceal assets, which is why comprehensive strategies to identify, locate, and appraise them are necessary.
Data from the Federal Reserve Bank of NY and the Census Bureau reports that households are carrying credit card balances averaging $16,061. Credit-card interest rates are averaging roughly 18%; U.S. households average around $1,292 in yearly debt interest. Financial issues are a commonly cited reason for couples choosing to divorce.
Credit Card Impact on Spouses Depends on Whose Name Is on the Card
Credit card accounts in marriages can be in the name of one spouse, making that individual solely liable for credit purposes. If the credit card is in the name of both spouses, then they would both be jointly liable. Often one spouse will be the account holder, with the other spouse considered an authorized user, so that both parties can use the card if and when needed. In this arrangement, the credit of the authorized user will not be impacted regardless of the good or bad status of the debt.
Whether you’re contemplating divorce or on the receiving end of divorce papers, the first step in the process is hiring a divorce attorney. The initial consultation you have with a divorce lawyer is perhaps the most informative meeting you’ll have. Because time during your initial consultation may be somewhat limited, it’s imperative that you prepare the best you can. In this blog, we explain what you should bring to your consultation. Read the rest »
Unfortunately, some couples can spend decades married and divorce later in life for the same reason younger couples do. In a late-life divorce, couples over the age of 60 face special obstacles when terminating their marriage – whether it be due to infidelity, a desire for a greater sense of independence, or irreconcilable differences. In this blog, our Burlington divorce attorney explains how asset division and health concerns can impact a late-life divorce. Read the rest »
Divorce is hard on everyone involved. It is especially hard on your children. You may think that you are trying to protect your children but instead you may be hurting them. As divorce attorneys, we see many children who are hurt by their parents who are in fact just trying to protect them. Read the rest »
Divorce is a stressful, often complicated process, and your attorney will be your guide and advocate for as long as it takes. You can make things easier for both of you by following a few basic tenets for working successfully with your Methuen divorce attorney: Read the rest »
When a couple goes through a divorce in Massachusetts, anything owned before a marriage is generally considered separate property while anything acquired during the marriage is joint property. Dividing joint property can be a difficult and contentious process, and property division in Massachusetts falls under equitable distribution laws. Read the rest »
One of the most contentious issues in a divorce is a determination of which of the spouses will have to pay alimony, how much the alimony will be and how long it will last. There are many factors to be considered including the relative earning power of the spouses, the length of the marriage, the circumstances of the divorce, and the contribution of each spouse to the family’s property and lifestyle. Read the rest »
The process of divorce is a painful and sometimes arduous one, and you may be wondering how to begin the process and whether you need the assistance of a Methuen divorce attorney, even if your relationship is amicable. Read the rest »
Involved in a car accident?
The first step in getting the compensation you deserve is contacting the experienced legal team at DiBella Law Offices, P.C. Don’t delay, the statute of limitations in Massachusetts is just three years.