Hi there, Massachusetts is an equitable division state. This means that all property, whenever and however acquired, may be subject to division as well as utilized for support in a divorce case. If you are an owner or a shareholder in a closely held business and are facing divorce, you need to be braced for… Continue Reading
Tag Archives: financial statements
Tip #2 of the Top 5 To-Do’s When You Want to Divorce: Get a Handle on your Finances
Posted in Top 5 To-Do's When You Want to DivorceHi there, This tip sounds simple, but many folks have ignored the finances of their marriage because their spouse is in control (and often controlling), or because they have not “needed” to become knowledgeable. If this has been you, right now, you NEED to find out as much as you can. Where are your assets (i.e. retirement… Continue Reading
Step 4: Discovery; which is just that
Posted in Steps in the Divorce ProcessHi there, Discovery is the point in the process where the attorneys, using various legal tools, are able to quantify just what is going on financially, as well as with other concerns, such as custody or parenting issues. The first financial discovery tools are the Rule 410 production and the financial statement, both of which… Continue Reading
Step 3: Temporary Orders; the Road Map for the Future
Posted in Alimony, Mediation, Steps in the Divorce ProcessAfter the defendant has been served or has entered an appearance, one or both parties usually file a motion asking the court for temporary orders. These deal with important issues such as: • Who has to move out • Who has physical custody of the kids (where they live) • Who has legal custody of… Continue Reading