Let's talk about trusts. What role might they play in a Massachusetts divorce? And is a trust considered marital property to be divided among the divorcing spouses? Well, the answer depends. If your parents set up a trust for you and you are planning to marry, then...
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Property Division
Divorce: How to handle life insurance issues
When someone in Massachusetts is working through a divorce, the most difficult issues tend to be those that concern either money or the children. However, there is another issue that seems like it could be a simple one, but it is one which touches on both division of...
Property division complicated when business goes under
When a married couple is seeking to divorce, one of the major decisions to be made is how to split the property. In Massachusetts, like in most other states, the assets and debts accumulated during the married years are generally divided in an equitable fashion....
Who gets custody of the family business?
Is there anyone in Massachusetts who enters into a marriage thinking he or she will end up divorced? We can safely say the answer is -- not many. And is there anyone who starts a business with their spouse who drafts an exit strategy along with the incorporation...
What happens to the family business when a couple divorces?
A married couple owning a family business is not unusual. Sometimes it is a business the couple formed and developed together. In other instances, one spouse may have developed the business and the other is an owner in name only. Business ownership in Massachusetts,...