The process of getting divorced is no doubt challenging both emotionally. However, it can be just as difficult to cope with financially. Fortunately, individuals who are preparing to get divorced can take a few proactive steps to protect themselves financially both during and following the divorce process in Massachusetts.
The emotional and financial aspects of a marital breakup can easily overwhelm the person going through it. A particular concern when it comes to finances during divorce is determining how to handle health insurance. A couple of tips may help with addressing medical insurance following the dissolution of a marriage in Massachusetts.
When two people decide to get divorced, their finances can unfortunately take a hit. If they have children and were planning for the children's college expenses prior to the divorce, their college-savings plans may take a hit, too. However, a couple of steps may help them to keep their marital dissolution from sabotaging their children's college education in Massachusetts.
Nobody generally enters marriage expecting to get divorced down the road. However, sometimes, divorce is unavoidable when a marriage is rocky. Here are a couple of tips for dealing with divorce in Massachusetts.
Not all marriages in Massachusetts end up lasting long term. In situations where couples feel they would be better off separate than together, they may end up making the difficult decision to get divorced. A couple of tips might help those going through divorce to protect their best interests.
You may not think about how to have a successful co-parenting relationship in the midst of a contentious divorce, but perhaps you should. Family court judges in Massachusetts have expectations of divorcing parents, and those who do not live up to it run could run afoul of the court. Even worse, the children may be negatively affected by their parents’ ongoing battles.
The process of dissolving a Massachusetts marriage can be a harrowing time emotionally. However, it is essential to avoid losing sight of the big picture when navigating this type of family law proceeding. A couple of tips may make it possible to be financially prepared for the divorce process as much as possible.
When people think about how to proceed with their negotiations when dissolving a marriage, they typically look at the biggest assets first. These include the marital home or the car. However, other important assets to consider during a divorce proceeding include retirement plans and stock awards, and these assets can be complicated to address.
Through mediation, a couple who is going through a divorce can attempt to resolve issues involving matters such as debt, property division and child support. Other issues that can be solved through this process, which is professionally guided, include the payment of college expenses, health insurance and alimony. Mediation offers several benefits when compared to divorce litigation in Massachusetts.
After an individual’s passing, the reason that a will must be probated is that a court must officially transfer title of the deceased’s assets to the named beneficiaries. A living revocable trust circumvents this requirement because it transfers title to the trust, all while an individual is still alive.