Burke Levy, P.C.

property division Archives

Prenuptial agreement assists in case of death or divorce

Open communication is a key ingredient in a successful marriage. Ideally, this type of communication should begin long before the Massachusetts couple says "I do." In addition to where the couple will live, there are numerous topics that should be addressed upfront, especially if significant assets, a business or children from a previous relationship are involved. In addressing these issues, the couple will most likely decide that a prenuptial agreement is advantageous for all involved in case of death or divorce.

Did alimony get left out of your divorce settlement?

Did you rush through the divorce process and end up with a settlement that really isn't serving you well? It happens. Numerous Massachusetts residents who end up going through the divorce process just want to get it over with as soon as possible. That is understandable, but if you rushed through and now find yourself, say, financially struggling because you never thought to ask for alimony, you may be asking yourself if there is anything you can do about it.

Protecting your source of financial security during a divorce

Unlike other Massachusetts couples who work for an employer, you and your spouse may run a business together. Over the years, you may have felt that it was the two of you against the world as you got your venture off the ground. You may have achieved a comfortable level of success and felt that you would enjoy a secure financial future.

Planning for divorce can help secure finances

When couples decide to marry, one of the furthest things from their minds is the end of the marriage. However, recent statistics show that up to half of all marriages in Massachusetts and across the country end in divorce. No one wants to plan for a marriage to fail, but these statistics alone show that planning for divorce is not only smart, but recommended, especially with finances.

Who pays spousal support

In many divorce cases, one of the partners will more than likely ask for alimony, or spousal support, after the ending of a marriage. Depending on each spouse's individual earnings, the primary breadwinner of the family will more than likely be liable for spousal support to the other. Whatever the case may be, Massachusetts spouses going through a divorce are advised to understand exactly how spousal support is determined by the courts.

Marital assets subject to equitable distribution in Massachusetts

Couples may not realize just how many assets they have accumulated over the years until they are faced with dividing up property during a divorce. This includes everything from furniture and the family home to investments and retirement accounts. However, asset division is different than simply cleaving marital property in two and walking away with an equal share. Instead, people can expect to receive their share of an equitable distribution of their marital assets.

Millennials are practical with marriage and divorce

Millennials seem to carve out their own paths whichever way they turn. From handling higher education and possible job options to getting creative in the kitchen, this generation tends to do things their own way, and marriage and divorce are no exception. As young couples in Massachusetts put off marriage for longer than past generations, they typically enter into their unions with significant personal assets that must be protected.

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