“Some of us think holding on makes us strong, but sometimes it is letting go.”
— Hermann Hesse
What’s In A Name?
When a couple marries one of the big decisions made initially will be…. what last name the female spouse will use. There may be a difference of opinion that will need to be ironed out. Will she keep her maiden name, will she take her new husband’s name or will the name be hyphenated? Many women see this change as an exciting rite of passage. What impact will this name have on the children they hope to have. This decision has a far- reaching impact that is often not considered at the time when the relationship is happy and the marriage is intended to last forever.
Massachusetts’ New Alimony Law and How it Could Affect You
The Massachusetts Alimony Reform Act was signed into law in 2011 and became effective a little over a year ago. This law brought about sweeping new changes in the way alimony is awarded in the state, and many orders issued prior to its enactment could be modified as a result.
Massachusetts Post-Nuptial Agreements
The Supreme Judicial Court of Massachusetts found that post-nuptial agreements entered into under specific conditions would be enforceable. Post-nuptial agreements are made by couples contemplating divorce but still trying to work on their marriage and not yet ready to commit to divorce. They are able, through this type of agreement, to decide how their assets will be divided, make financial arrangements for support, and how their children will be cared for in the event of a divorce in the future. This agreement would then allow couples to feel secure in whatever the outcome of a divorce would be and allowing the couple the opportunity to put their emotional efforts into strengthening their marriage.
Post-nuptial agreements have been fairly uncommon in Massachusetts because the law has been unsettled as to whether or not the agreement would be enforceable at the time of divorce. Now that the Supreme Judicial Court has found that post-nuptial agreements are enforceable, mediation becomes an appropriate and effective process for couples to work out the terms of their post-nuptial agreement.
Massachusetts Financial Statement in Divorce Mediation
When you are in the process of getting a divorce, you may feel overwhelmed by all of the decisions you have to make. If you and your spouse are able to be amicable towards each other, then mediation is a viable and effective alternative to litigation especially when it comes to settling your finances. An experienced Massachusetts divorce mediator can help.
There are specific rules regarding financial disclosure in Massachusetts divorce. Both parties are required to provide a full and complete Probate Court Financial Statement. This Financial Statement is used in mediation as a tool to help the parties understand their income, assets and expenses. The ability to understand your current financial situation allows you to better predict a future financial picture and make informed financial decisions.
Is The Time Right To Sell The Former Marital Home?
Many divorce agreements drafted over the past few years provide for joint ownership of the marital home, with one party residing in the home usually with the children. Often when these arrangements are made, parents want to maintain stability for the children, trying to keep the same school system and friendships. One spouse may not be ready to make the decision about where to move. Situations have occurred over the past few years where it would not be financially feasible to sell the home because property values had decreased. The person who does not live in the home is usually not financially responsible to pay the costs of the home, but may be responsible for larger necessary maintenance and repair costs.