Ending a marriage is undoubtedly difficult on the couple in question, but it can also have a strong impact on family and close friends. While it can be tempting to offer advice or dig into Massachusetts family law research right away, it may be better for friends to provide moral support and avoid getting too close to the particulars of a breakup. Here are some pieces of advice for those looking to support a friend going through a divorce.
Dissolving a marriage in Massachusetts can no doubt have emotional, mental and physical consequences. Still, the divorce process can especially be devastating from a financial standpoint. Here are some financial aspects of divorce that are sometimes overlooked initially but can have negative repercussions if not addressed appropriately.
Couples divorcing this and last will find themselves in a different taxation situation, thanks to changes to the Internal Revenue Code. The changes impact couples whose divorces were signed after Dec. 31, 2018. This means that Massachusetts couples who divorced in 2019 and beyond will have some different circumstances to work through regarding spousal support and other issues.
Stress of any kind can put a strain on a marriage. However, according a study, certain particularly challenging careers may put some Massachusetts couples at higher risk for a divorce. This information has been gleaned by reviewing U.S. census data about career paths and marital statuses side by side.
Going through a divorce can naturally disrupt the financial plans of just about anyone in these circumstances. This means that these individuals must also make adjustments to their retirement plans, especially if they are drawing closer to their retirement years. Here are some tips for restarting the retirement planning process after a divorce in Massachusetts.
Massachusetts residents who have experienced a marital split know that for most couples, one of the most significant consequences for one or both spouses is the financial fallout, which sometimes can be devastating. Several factors can contribute: division of assets, child and/or spousal support obligations, reduction of household income and the cost of the divorce itself. To minimize the damage regarding investments, individuals who are going through a divorce or about to begin the process can arm themselves with financial knowledge.
With more older couples than ever before deciding to part ways, many Massachusetts residents may find themselves facing their golden years with less money than they expected. Typically, couples who divorce earlier in life split any retirement funds they've accrued while married, but at least they have many more years of earning potential ahead. Couples who divorce mid to late career, on the other hand, may have to make some adjustments to their plans.
The divorce process can be difficult, but when the divorce decree is finally granted, many individuals still encounter challenging situations, sometimes for years to come. Many Massachusetts parents who have been through divorce know that they tend to face even more obstacles as they attempt to navigate the intricacies of co-parenting their child(ren), and when ex-partners have a less than amicable relationship, the parenting years can be particularly difficult. However, an expert offers some tips to help insure children enjoy happy, healthy childhoods regardless of their parents' relationship.
It goes without saying that ending a marriage is rarely easy. But, according to statistics, nearly half of all marriages in the United States will end in divorce. In some cases, separation is mutual. In other cases, however, it can come as a complete surprise. Here are a few tips to help individuals in Massachusetts cope with a divorce.
No one really wants to endure the emotional pain and stress involved in ending a marriage, not to mention the financial strain. However, for some couples, divorce is the best option. Even people who know this for a fact may put off making the first move because they are influenced by some of the common myths about divorce. Here are the facts around some of the common misconceptions about separation and divorce.