Do you want a divorce? Do you have a lot of assets? If you do, you may think that going to court to finalize your dissolution is inevitable. The good news is, fighting things out in court does not necessarily have to be in your future. Alternative dispute resolution methods, such as mediation, can be used successfully when working through a high net worth divorce in Massachusetts.
While today is still very much a man's world, more women in Massachusetts and elsewhere are finding success in the business world. This comes at a cost, however. It is believed that successful women are more likely to divorce than women who are not as successful as their husbands. Why is that?
When ending a marriage, it is easy to spend your time wondering how you got to this point. It is easy to spend your time trying to determine fault or assign blame. It is even normal to do so. When going through the divorce process, though, it's best for you and other Massachusetts residents in this same position to focus on the divorce, not necessarily what caused it.
Few couples in Massachusetts and elsewhere can make it through the marital dissolution process without fighting. Divorce can get particularly nasty when a lot of money and assets are involved. A good example of this is the recent divorce between a member of the Dixie Chicks and her actor husband.
Most couples with a high net worth in the state of Massachusetts did not get where they are by letting their money sit in low-yield savings accounts; they invest. What happens to these investments, though, when a couple chooses to end their marriage? Who gets to keep what when the divorce is final?
Often, when a Massachusetts marriage comes to an end, at least one party within it wants to secure alimony payments from the other to help him or her get by in the absence of the former partner. If you are among those planning to pursue alimony from your former partner, you may have questions about what factors undergo consideration when making alimony determinations and how much you can expect to receive in your payments if awarded alimony.
In Massachusetts, residents like you who are divorcing your spouse will need to handle splitting your assets, too. The more assets you have, the more complex the potential legal issues related to them may become. We at Kajko, Weisman & Colasanti, LLP, are here to help you work through these possible hurdles.
You may have been unhappy in your marriage for a long time, but it can be difficult to think about telling your spouse you want a divorce. You may be afraid of his or her potential reaction, or you could still care for your spouse and not want to hurt him or her. Breaking the news can be one of the most difficult things Massachusetts residents face.
Massachusetts couples who plan on divorcing will certainly be facing hurdles along the way. However, as someone who is involved in a high asset divorce, you will face unique hurdles that others with a smaller net worth will not necessarily have to deal with.
When your Massachusetts marriage ends, your life will change in countless ways, and while some of those changes will likely involve adjusting to new living or custody arrangements, others involve tax-related considerations. At Kajko, Wiseman & Colasanti, LLP, we are well-versed in the significant tax law changes that will impact you and others who divorce this year or moving forward, and we have helped many people navigate this and other hurdles that arise amid divorce.