A Massachuserrs divorce is devastating on many levels. The shot to the heart takes your breath away and leaves you doubled-over as if you were punched in the gut. And that's just for starters...
When a Massachusetts marriage breaks up, fairness is usually the last thing on either former partners' mind. Spite can make a partner lash out and claw for whatever they can grab. That prevents couples from fairly dividing property and sensibly planning for their post marriage lives and drags out an excruciating divorce.
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.
The share of U.S. children living with an unmarried parent has more than doubled since 1968, jumping from 13% to 32% in 2017. That trend has been accompanied by a drop in the share of children living with two married parents, down from 85% in 1968 to 65%. Some 3% of children are not living with any parents, according to a new Pew Research Center analysis of U.S. Census Bureau data.
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.
When you're divorcing in Massachusetts, one of the questions curious friends and family eventually ask is, "So . . . are you going to keep the house?"
A Massachusetts divorce can have an impact on your credit, though the proceedings themselves are not the reason for this. In other words, couples shouldn't expect their credit scores to plummet the second they file for divorce. However, there are things that occur during divorce that can have a negative impact on credit.
When you are going through a Massachusetts divorce, there are a number of different outcomes that may occur in addition to dissolving your marriage. One such outcome is alimony, which is a legally binding financial agreement between a couple that can be awarded during divorce proceedings. Alimony, also known as spousal support, is usually awarded when one spouse has a significantly larger income than the other. In that case, the court mandates regular payments in order to assist with financial security when the divorce is finalized.