When it comes to student loan debt for Massachusetts couples, "for richer, for poorer" doesn't quite cut it.
A Massachusetts divorce is one of the most emotionally taxing events a person can experience, a fact that undoubtedly leads to numerous poor decisions when filing the ensuing paperwork. One of the most common areas where errors are made is during the process of alimony negotiation.
Second only to child custody, alimony is one of the most contentious and difficult to navigate processes during a Massachusetts divorce. When two people are splitting up, particularly when that split is acrimonious, the last thing either of them wants to discuss is the prospect of giving money to each other. But, the topic has to be dealt with and the only way to do it successfully is to go in armed with as much knowledge as possible.
A Massachusetts divorce for some, it means liberation. For others, loss. For women in particular, the doubling of the divorce rate for the 50-plus crowd since the 1990s can mean something far more prosaic: a need to shoulder the big financial decisions they'd let their spouses deal with when they were married.
Divorcing spouses in Massachusetts must take steps to protect their finances and credit early on in the divorce process. The impact of not doing do will last years after the ink on the divorce decree dries. In order to protect assets, income and credit, the following are steps that everyone going through a divorce must take.