Unfortunately, people often hand off financial management to their Massachusetts partner when they do not feel confident managing money according to a 2018 survey for the National Endowment for Financial Education which found that 41 percent of Americans who combine finances with their partner said they'd deceived that person or loved ones about finances.
A Massachusetts divorce is not an everyday occurrence for most individuals. Because of this, most of our clients come to us seeking help in a divorce with certain ideas and preconceived notions as to what they expect their divorce to look like. Whether they get these ideas and notions from television, magazines, or even from friends and family members who have experienced their own Massachusetts divorce, there are certain myths which are quite common about the divorce process.
Nearly 30 million Americans are hiding a checking, savings, or credit card account from their spouse or live in partner, according to a new survey from CreditCards.com. That's roughly 1 in 5 that currently have a live in partner or a spouse.
Military marriages in Massachusetts experience strains and stresses in greater capacity than other marriages due to the complications that their jobs put on both spouses. Though these marriages can be extremely stressful and difficult, the overall divorce rate among both male and female service members only averaged 3 percent in 2017. To be more precise, about 21,290 of 689,060 married troops divorced in 2017. The divorce process for members of the military is relatively uniform to those who are not in the service. The main difference for these individuals is how to divide their retirement plans.
Starting to notice changes in your Massachusetts marriage? Are you worried that your husband is hiding money before Massachusetts divorce? Concerned about whether your wife is concealing assets? Needless to say, divorces are stressful. Not only splitting from someone emotionally but also financially can take its toll on anyone. But as sad as it is, people will take advantage of their spouse in this fragile time.
The decision to save for your Massachusetts' kid's college education seems like a no-brainer. Considering how expensive tuition is these days (the average cost for a degree at a four-year private college is $138,960, according to the College Board), parents capable of doing so want to put money aside to secure their child's academic and eventually professional future and to help their kids avoid student loan debt.
With the Massachusetts divorce rate on the rise it's inevitable that in the course of dating, you'll run into someone with an ex (or two). And somewhere into that first or second date, you've probably asked what went wrong. And when the answer begins with the words my wife, or my husband, it's time to duck out.
I am frequently asked, "Can I take money out of my 401K before/during my Massachusetts divorce?"
For obvious reasons, a Massachusetts divorce isn't always top-of-mind for couples who go into business together. After all, when you're caught up in the excitement of launching your own venture and seeing your hard work come to life, the last thing you want to plan for is the possibility that it might come to an end. But part of starting and owning a successful business is planning for the unexpected, including the major personal and business-related changes that divorce can bring.So how can you navigate the process and make it out the other end with your assets and financial standing intact?