If you or your soon-to-be ex-spouse own a business, the court may include it in the divorce settlement. As noted by Business.com, a divorce could involve selling a business and sharing the proceeds. Some business owners choose to negotiate a sale of their ownership to...
Concord Family Law Blog
3 FAQs about mediation
When you got married, you likely expected to spend the rest of your life with your partner. Unfortunately, CDC data indicates that one in 1,000 Massachusetts marriages ends in divorce. If you desire an amicable divorce that benefits you and your spouse, mediation may...
Advice before your high asset divorce
When you have a high net worth, divorce becomes much more complicated. It takes longer and usually involves significantly more litigation. An uncontested divorce is usually the ideal option, but the more marital property you own, the less likely this becomes....
What happens to inheritances in divorce?
Inheritances can be items such as cash, real estate and personal property. Usually, someone leaves these things as a gift to a family member. In a divorce, assets get divided equitably between spouses. The equitable division may or may not apply to inheritances....
The role of business valuation in your divorce
When it comes to asset division during a divorce, both parties just want their fair share. If you are a business owner, you have the additional priority of protecting your enterprise, and a business valuation can help accomplish both goals. Determining the fate of a...
3 ways to protect your business during a divorce
Divorce can put a serious strain on your mental and emotional health, especially if the relationship with your spouse becomes particularly aggressive. What might concern you the most, however, is how you will preserve your business when it comes time to divide assets...
What factors affect the equitable distribution of assets?
In general, the longer a marriage lasts, the more likely you are to accumulate assets. In a Massachusetts divorce, the division of marital property follows the law of equitable distribution. What qualifies as marital property? Marital property refers to assets...
How to transfer retirement assets in a divorce
If you are going through a divorce, you will probably negotiate a property settlement agreement with your ex-spouse to govern the distribution of the marital assets. The property settlement will need to account for the division of retirement assets. You must give...
Ways forensic accountants help with divorce
Many remain unaware of what forensic accountants do. These specialists help unravel bankruptcies, money laundering, securities fraud, and tax evasion. Additionally, they can be relevant during a divorce. One can uncover important information that alters the...
Divorce mediation and your financial future
If your divorce goes to trial, a judge may be the one making crucial decisions about separating your shared assets. From real estate, business holding or other investments to items that have personal value, neither of you may have much control over the final judgment....