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Wellesley Family Law Blog

When a family-owned business is at center stage in a divorce

Here's an understatement: "Businesses can become a complicated part of a property dispute during a high-net-worth divorce."

That comment comes via our Wellesley family law website at the Law Offices of Lisa A. Ruggieri, P.C., where we represent diverse clientele in high-asset divorce matters involving complex property distribution.

Do men and women think differently about post-divorce finances?

In considering the above-posed headline for today's blog post, it is easy to see how a slippery slope can quickly emerge when queries focused on just about any subject matter -- and certainly on money -- inject a gender-based element.

Indeed, it is certainly the case that many men and women think quite similarly about assets, income, earnings and other factors relevant to finances both during and after divorce. Unquestionably, in many instances there is no material difference whatsoever in their mindsets and thought processes regarding such a topic.

Not always easy: court intervention re parenting decisions

Of course it's a given that parents customarily wield sizable authority over their children and are given broad latitude regarding their determinations on matters focused on discipline, setting boundaries and the proper punishment -- if any -- to dole out when they believe doing so is in a child's best interests.

That authority is not absolute, though, with government officials and courts sometimes stepping in to question it and, in select instances, forbid parental actions that they deem undermine rather than promote a child's best interests.

Wrongfully convicted, he won settlement: separate or marital asset?

Although it is certainly not a divorce-related story with a fact pattern readily reminiscent of other dissolution narratives, it is replete with information that an audience in Massachusetts or elsewhere might reasonably regard as being instructive.

We'll let our readers be the judge.

Gold digger or valued business contributor? And other questions …

As we prominently note on our family law website at the Wellesley Law Offices of Lisa A. Ruggieri, P.C., and have further reinforced in a number of past blog posts, there cannot logically be a so-called "boilerplate" process for every divorce.

In a nutshell, every divorce is different, with flatly unique characteristics and considerations.

Ensuring your children receive fair child support after divorce

If you are divorcing and valuable assets are part of your divorce, you already understand how complicated the issues can be. These assets affect child support, with the amount of payments determined in part by the income of both parents. Adding to the issue is the standard of living your children have enjoyed throughout their lives. It is probably fair to say that they deserve to continue enjoying their current standard of living.

One of the problems our law firm has seen during high asset divorces is a reduction in the children's standard of living after divorce. This can occur for several reasons including the noncustodial parent hiding assets or the custodial parent making mistakes during the proceedings. The question for many is how to ensure that the children of divorce receive their fair share of child support.

Here's a few ways you can handle dividing your home in divorce

You home may be one of your largest assets, and during a divorce, dividing that asset can get tricky. Fortunately, there are a few different options.

The first thing to consider is how much time you have left on your mortgage. Is it worth sticking it out and keeping your name on the mortgage for a few months or a year to pay it off? If so, you could sell the home for a profit that you can both split. Would you rather get off the mortgage and receive a payout from the equity or other assets? That's another possibility.

Divorce and taxes: make sure you truly understand the bottom line

Read the fine print. Don't be caught unaware. Do your homework. Come prepared.

Those quick imperatives can obviously apply in any number of contexts where due thought and an in-advance focus are absolutely required to ensure -- or at least better promote -- a comparatively positive outcome to a new challenge.

What Do the Courts Look at When Determining Alimony?

Financial distress is one of the scariest parts of divorce for many people who are facing the end of a marriage. As assets are examined and evaluated during divorce proceedings, the issue of alimony commonly comes to the forefront of the discussions.

Although there is no magic formula that determines exactly how much money will be involved when it comes to alimony, there are certain guidelines the courts will likely take into consideration.

Divorce-related insurance division: an often upper-tier concen

As much as many divorcing couples in Massachusetts and elsewhere try to reduce uncertainty in the dissolution process and alleviate risks associated with the unknown in post-divorce life, complete success in that regard is seldom attainable.

The bottom line: There are always shifting variables in life and new realities to confront that cannot be fully identified and safeguarded against. Varying types and levels of risk will always exist and thwart attempts to fully mitigate.

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