Kajko, Weisman & Colasanti, LLP

High Asset Divorce Archives

Why divorce can take more time than you think

When people read about a celebrity divorce or talk to their friends who are going through a divorce, there can be the expectation that a divorce is a single event: you file the paperwork and the divorce is granted. However, in reality, a divorce can take longer than you anticipate because it requires much more than signing some documents.

What you should know about temporary support

If you are getting divorced, your status and circumstances won't just change overnight. There can be a significant chunk of time between the time divorce papers are filed and the day your divorce is finalized. This period of time can be quite lengthy in high-asset or high-profile divorces because there is often a considerable amount of complex details to resolve.

Try to plan ahead if you are thinking about divorce

Sometimes, a spouse can spring divorce on the other person out of nowhere. Other times, divorce has been on a person's mind for a long time. In the second situation, those who have been considering divorce for a while should think about getting prepared in case the idea becomes a reality. This is especially important when valuable or high net worth assets are at stake. Unfortunately, in many Boston divorces involving wealth one spouse may attempt to hide property or money from the other. Thinking ahead can help you avoid becoming a victim during a high asset divorce.

Billionaire Elon Musk and second wife to divorce for second time

In 2015, Elon Musk was number 94 on Forbes Magazine's list of The World's Billionaires. At that time, Musk's estimated net worth topped $13 billion as the self-made mogul focused his energies on investing in electronic motor vehicles and space exploration. More recently, the father of five has been back in the news after his second and current wife, Talulah Riley, filed for divorce.

Will your postnuptial agreement hold up in court?

Most people are familiar with the legal document known as a prenuptial agreement. While previously believed to only be a necessity for individuals and couples of significant wealth, today more people are choosing to take steps to guard against a betrothed's financial liabilities and protect the assets they bring to a marriage.

The importance of correctly valuing investment accounts in a divorce

In addition to a family home and real estate, investment accounts—including those related to retirement, are often among an individual's and couple's biggest assets. It's important, therefore, that individuals who are planning or going through a divorce understand issues that may affect the division and value of their investment accounts.

What happens when business partners divorce?

According to the Small Business Association, small businesses account for roughly 54 percent of total U.S. sales and employ 55 percent of the U.S. workforce. Many entrepreneurs spend years sacrificing and working hard to grow their businesses. For those business owners who are married, a spouse may play the role of business partner, executive or financial investor.

Divorce and when one spouse is at an economic disadvantage

In addition to child custody, matters related to finances are often a top priority for individuals who are going through a divorce. Fears about one’s standard of living diminishing significantly are often especially prevalent among divorcees who previously relied upon a spouse’s income for financial support.

Helping Massachusetts residents successfully navigate the divorce process

With nearly 50 percent of U.S. marriages ending in divorce, each year, thousands of Massachusetts families are impacted by the end of a marriage and the many and varied legal issues that come with it. From the division of marital assets and property to disputes over child custody and visitation, the divorce process can be challenging and leave an individual feeling both emotionally and financially drained.

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