Once individuals have decided that they're ready to end their marriage, they're usually eager to get the process over and done with as quickly as possible. Unfortunately, some divorcing couples find themselves embroiled in a complicated and lengthy divorce process that they weren't anticipating. Many people want to know if there are ways to help speed the process along.
Massachusetts individuals who worry over how ending their marriages may adversely affect their financial situation are not alone. Divorce does typically have a significant impact on finances. The good news is that, with proper preparation, there are ways individuals can prepare – before, during and after the divorce – for a more stable future, both emotionally and financially.
For Massachusetts couples who have decided to end their marriages, mediation is a growing trend for a more amicable split. However, some couples are simply not viable candidates for mediation. In fact, some are not even interested in attempting the process. Luckily, it's possible to tell whether mediation may be a good option or whether skipping the attempt and opting for a litigated divorce is the better choice.
In what is considered a "traditional" marriage in Massachusetts, typically one spouse works while the other stays home to take care of the house and children, or perhaps one partner works full time and the other part time. What happens, then, when the couple -- in which each individual has a markedly different income level -- decides to divorce? How will property division and spousal support be determined?
In Massachusetts - or anywhere else, for that matter - the fact is that divorces cost money. However, when divorce becomes inevitable, there are certain methods anyone can employ to be more prepared and to weather the divorce process in a more financially sound manner. A few simple financial tips can make a big difference during the divorce process.
Divorcing couples in Massachusetts have a lot to consider. Even in a best-case scenario, divorce is an emotionally and financially stressful time. However, to help separating couples remember the most important aspects of divorce, one advisor has come up with an acronym that covers the main areas that will need addressed. This acronym, PEACE, stands for Parenting plan, Equitable distribution, Alimony, Contesting and Everything else.
For Massachusetts couples considering ending their marriage, the first step might be a trial separation. Physically separating gives each spouse the opportunity to figure out whether divorce is the best decision for them. Whether couples are considering a trial separation or already have decided they are ready to end their marriage, there are a few pieces of advice that may prove beneficial.
While young couples across the nation are divorcing less frequently, studies indicate that among couples aged 50 and older, the number of divorces is actually on the rise. In fact, since 1990, the divorce rate has nearly doubled in the generation referred to as Baby Boomers. For older divorcing Massachusetts couples, ending a marriage later in life may brings its own unique challenges and goals.
For many individuals in Massachusetts who are ready to end their marriages, money may not be the deciding factor. If a divorce is necessary or best, the financial implications might be daunting, but they will likely not dissuade those involved from their course of action. However, as costs add up, money worries can definitely become a concern throughout divorce proceedings and even in the aftermath, which is why there are options divorcing individuals may wish to consider that might help lower the overall costs.
In Massachusetts and elsewhere, those who are getting a divorce or even just thinking about doing so have probably already starting hearing advice from a variety of sources. The problem is, though, that much of this advice is not only false, but even potentially dangerous. There are a number of common mistaken beliefs and even flat-out falsehoods surrounding divorce that many people truly think are fact.