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Posts tagged "division of marital property and debts"

Debts, divorce and bankruptcy: a combo our lawyers can handle

Because most people only have a very limited understanding of the law, many find themselves woefully unprepared to handle the complex legal situations that can sometimes arise when getting a divorce. In a lot of cases, couples have been married for a number of years, intermixing their assets as well as their debts. When presented with a divorce, tensions run high, making it difficult for couples to come to a consensus about who owes what.

Are there signs of divorce for Massachusetts' couples?

Marriages often go through highs and lows. But are there signs that a marriage is headed for divorce? The answer is: maybe. Some experts believe there are clear cut signs that a divorce is on the horizon, while others may be doubtful. Either way, Massachusetts residents should take note of the following signs of a souring marriage and ask themselves if it is time for them to move on.

Massachusetts study finds divorce may be socially contagious

Many in Massachusetts may look at their family members and friends and think that everyone is getting divorced. While that certainly is not true, a new study suggests that divorce may be contagious. According to the study, conducted in Massachusetts by Brown University, found that 75 percent of those who had a friend divorced were more likely to get divorced themselves. Also, 33 percent of those who had a friend of a friend get divorced were more likely to file for marriage dissolution. Researchers say the increased chance of divorce can be attributed to "social contagion," where attitudes, behaviors and information are spread and shared amongst groups of family and friends.

How do Massachusetts' divorcing couples split student loans?

Student loans have become a major financial burden for individuals across America, including those in Massachusetts. In fact, in 2012, bachelor degree earners averaged $29,400 in debt upon graduation. Many individuals considering divorce may be concerned about how this debt will be divided when a marriage is dissolved. Hopefully this post will help clear up some common misconceptions.

High asset divorce focuses on art collection

Though it does not have to be, divorce can be contentious under any circumstances. However, a heated divorce may be more likely when a splitting couple has significant assets and high income. Under these circumstances, arguments may develop over asset division and alimony, the outcomes of which could make or break the financial futures of those involved.

Those facing gray divorce should address retirement accounts

As many Massachusetts residents may have heard, so-called "gray divorces," those that occur between couples age 50 and older, are becoming more common. In fact, a study conducted by researchers at Bowling Green State University found that gray divorces doubled between 1990 and 2010. In fact, nearly 25 percent of all divorces in 2010 were amongst those 50 and older, and the figure is expected to rise in the coming years.

Billionaire keeps controlling interest in company after divorce

The decision whether or not to get a divorce can be complicated by many legal issues, such as child custody, child support, alimony and division of marital property and debts. The matter may be exacerbated when the divorcing couple has a lot of assets. In these instances, parties may fight over what they believe is theirs, and the final determination can mean the difference between starting a new life that is financially sound and starting one that is financially unstable. With finances playing an integral role in a party's well-being, it may be best for these individuals to seek out a legal professional who will represent the party's best interests.

How to handle a business in the event of a divorce

Many divorces have their sticking points. Whether a splitting couple argues over division of marital property and debts, child custody, child support or alimony, a snag can draw the divorce process out and make it tough to deal with emotionally. For those couples that own a business together, divorce can bring a whole host of additionally issues with which to deal. These individuals much figure out how the divorce will affect their business relationship and how to handle such a change, legally and emotionally.

Financial aspects to consider when getting a divorce

With Valentine's Day on the horizon many are thinking about flowers, chocolates and love. But many others are thinking of something else: divorce. The decision to file for divorce can be one of the toughest to make, especially during this time of year. Not only are emotional concerns raised, but a variety of financial issues pop up, too. Therefore, those who are considering filing for divorce may be best served by speaking with a Worcester Divorce Lawyer who can discuss the process, the legal issues that may come into play, and how post-divorce life may look.

No end in sight for difficult 17-year divorce battle

As many readers of our Massachusetts family law blog are aware, divorce can be one of the most difficult experiences of one's life. Even in an uncontested Massachusetts Divorce, emotions may run high over issues concerning child custody, Division of marital property and debts and Spousal support. In divorces involving significant litigation, a matter can last months or even years. Although certainly not the norm, a divorce case from the Midwest serves as an extreme example of a lengthy, contentious divorce and the issues that can be involved.

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