Dividing up assets during a divorce is challenging, and it is even more difficult when the couple owns a business together. When it comes to figuring out what to do with the business, there are three main options. However, the value of the business is a factor, and...
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Year: 2022
What makes a mediation settlement enforceable?
Going through mediation to resolve your divorce could spare you stress and a lot of legal bills. Still, you may wonder if a court will respect your mediated settlement, particularly if you have to go to court later on over issues such as spousal support. The good news...
How do children of joint custody cope?
Going through divorce is difficult for the couple, of course, but it is also difficult for the children who have to deal with their parents' splitting up. There are different ways that these children of divorce cope with their situation. Children also cope differently...
How long do you have to pay alimony?
Divorce can have a significant impact on a couple's finances. If your spouse is financially dependent on you, the court may order you to pay alimony, also known as spousal support. Alimony is usually not a permanent arrangement. How long you pay alimony depends on...
How do digital assets factor into divorce?
These days, more and more people have digital assets. Especially with the cryptocurrency and bitcoin trend of recent years, people have bigger digital wallets than ever before. But how do these assets factor into divorce? Hidden money in crypto As CNBC discusses,...
Will sharing custody work out for you?
Parents going through divorce need to figure out what form of custody they want to use when raising their child after the split. Though many options exist, joint or shared custody ranks among the most common. Studies also back it strongly as a good option to choose....
What are ways to reduce debt after divorce?
Many people who get a divorce worry about how they will pay off debt in post-divorce life. You may feel especially concerned if you depended on the income of your spouse during your marriage. Even if you feel confident about getting a job, you should still consider...
Can you get sole custody in Massachusetts?
When facing a divorce, you want to ensure your child custody arrangement protects the health and well-being of your children. There are many things to consider, including the mental wellness of your spouse. Can you seek sole custody if a mental illness affects your...
What is the role of a mediator?
Choosing mediation for your divorce instead of going to court can be a great way to save time and money. To get the most from the experience, it helps to understand everyone's role in the process. It is especially important to know what to expect from the mediator....
Divorcing couples need to divide rental properties
You and your spouse may already have a plan for dividing your family home during the divorce. However, you also have to split your rental properties. Massachusetts has guidelines you have to follow as you decide how to handle rental units. According to the General...