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March 2016 Archives

How a late-in-life divorce and can affect retirement plans

With the U.S. divorce rate consistently hovering between 40 and 50 percent, divorce is thankfully no longer a taboo subject. However, just because it's more socially accepted to get divorced that doesn't mean it's easy or that individuals who choose to divorce won't encounter difficulties along the way.

Is it possible to terminate a commercial lease early?

In a previous blog post, we discussed some of the specific clauses that business owners would be wise to ensure are included in a commercial lease. Above all, commercial lease should include provisions that serve to preserve and protect a business owner's interests. In cases where a business owner subsequently wants to terminate a commercial lease, he or she would be wise to closely review the terms of the lease to determine the best course of action.

Separate property: when it may be eligible for distribution

If you are getting divorced, one of your primary concerns about the process is what will happen to all your assets. After all, ending a marriage will require that you and your soon-to-be ex divide up the properties, money and even the debts you have accumulated during the marriage, and this can be a troubling thought.

Divorce and taxes

Divorce signals many changes in an individual's life. Some of the most noteworthy adjustments relate to one's living situation, child custody, income and household budget. There are also several other changes that are often overlooked, but can have a significant impact on an individual's financial standing. For example, for individuals that divorce during 2015, it's important to understand how a divorce impacts filing and other tax decisions.

Why you may want to consider a postnuptial agreement

Most Massachusetts residents are likely familiar with the legal document known as a prenuptial agreement. Prior to marrying, a prenup is reviewed and signed by both parties. Such an agreement may include specific terms related to the retention, division and ownership of assets, belongings and debts that an individual brings to a marriage. In the event a couple later divorces, having a prenup typically makes the divorce settlement process less complicated and costly.

How an attorney can assist business owners in securing financing

Unlike a loan obtained to purchase a vehicle or a car, those involved in the purchase of commercial real estate can, and should be, negotiated. The timing of such negotiations are dependent upon when a borrower is able to secure financing and then submit what's known as a commitment letter to a borrower as proof of good faith.

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Worcester Office
339 Main Street
Suite 300
Burnside Building
Worcester, MA 01608

Phone: 508-709-0024
Phone: 508-471-3018
Fax: 508-831-0955
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Metro West Office
1900 West Park Drive
Suite 280
Westborough, MA 01581

Phone: 508-471-3018
Fax: 508-831-0955
Map & Directions