As the presidential race pulls into the home stretch, the names Mitt Romney and President Barack Obama are pretty much inescapable. But few people could have predicted that one candidate's testimony from a 1988 Massachusetts divorce proceeding would be the subject of media headlines.
Boston residents and TV watchers all over the world know her best as Carla Tortelli, the divorced mother of at least four kids on the hit sitcom Cheers, but actress Rhea Perlman is now having real-life marital issues with her husband of 30 years, the actor Danny DeVito. The two have allegedly separated, and, according to sources, a high asset divorce is likely to follow.
A recent article briefly highlights a Boston divorcee's plight as she dealt with her insurance plans after ending her marriage. Complications can arise when a divorcing couple neglects to make the necessary changes to their insurance policies including health, car, life and even home owner's insurance.
Boston residents may have heard the report of a particular west coast couple whose tremendous wealth and assets was split in a rather pragmatic manner. A Seattle paper recently covered the story of a west-coast business mogul who, after 23 years, was divorcing his wife. Over that amount of time most couples probably pick up a knick-knack here or there that may become a contentious bargaining piece in a divorce, which is quite the understatement in this particular high-asset divorce.
Boston residents likely remember Christy Mihos, who twice made unsuccessful attempts to become governor of Massachusetts in 2006 and 2010. Mihos and his wife are currently in the process of obtaining a divorce, which could be a highly-charged process given some details that have come out recently about the couple.
Divorcing couples in Massachusetts may have spent years and decades of their lives together. Over that time, some people will have accumulated quite a collection of personal property and effects. The question becomes: How to divide it all? The answer is not always easy because both spouses might have developed a sentimental attachment to certain items, which makes dividing them difficult. Or, on the other hand, spouses may have a menagerie of property which neither has any desire to keep after the divorce.
Spouses in Massachusetts and around the country must contend with a number of issues in a divorce. While this is true of all divorcing couples, the relative weight of the issues may vary according to the couples' age. For example, young parents will be intensely focused on child custody and support. For older couples with adult children, however, other issues will take center stage.
Massachusetts couples know that the Internal Revenue Code distinguishes between those who are married and those who are not. It should come as little surprise that a divorce can have significant tax implications. What can be surprising, however, is the extent of a divorce's effect on one's taxes. With the filing deadline approximately one month away, it is important to consider some tax areas affected by a divorce.
Katy Perry, the artist behind many songs in heavy rotation on Lexington radio stations like "The One That Got Away" and "California Gurls," recently announced that she was separating from her husband, British comedian Russell Brand. Brand was actually the one filed for divorce after the two, who married in October 2010, had been married for about 14 months.