Massachusetts Legal Blog
Entering into a new marriage when you have children can be a trying process. No matter their ages, your children may have bitter feelings about your future spouse or this new stage of your life. But beyond their personal feelings, you may be worried about their financial future. Marriage merges all of your assets and property with your new spouse’s. This means that anything you may have wanted to leave to your children could be claimed by your spouse in a divorce or if you pass away. While this shouldn’t stop you from getting married, there are certain steps you should take to protect your child’s inheritance.
Building a business with your spouse can be an incredibly rewarding experience, but it can also prove detrimental if you are going through a divorce. While many couples have to only worry about dividing up a household, small business owners have to thoroughly review their financial situation to determine how their business can be divided and what options are available to them.
Divorces are never easy, and a lot of bad blood can come up during proceedings. But no matter what, both sides should try to be as civil and respectable throughout the process. When one member steps out of bounds and becomes physically abusive, then your attorney can step in to provide legal protection in the form of a temporary restraining order and advocate for compensation.
Filing for divorce is one of the most difficult decisions two people can make together. Going through the process is often confusing, and a lot of questions you might not be prepared to answer tend to be asked throughout. In Massachusetts, the first step in the divorce process involves deciding whether you’re filing a contested or uncontested divorce. You’ll also determine if the divorce is categorized as fault or no-fault based on the details surrounding your decision to file. This obviously varies from couple to couple, but let’s look at the specifics for each type of divorce. Read the rest »
Children are always excited for summertime.
But with children off from school, there can be potential problems with child care. Do child custody arrangements need modification in the summer? Read the rest »
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 Methuen divorce attorneys, we see many children who are hurt by their parents who are in fact just trying to protect them. Read the rest »
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