Many people likely think of estate planning professionals when they hear the words "asset protection." And, of course, safeguarding wealth is a core concern of estate administration practitioners focused upon promoting their clients' best financial interests.
If you are a so-called baby boomer nearing retirement who is happily contemplating a second marriage that you just know is going to work, congratulations. Many people find true love and lasting stability in repeat unions that follow younger failings.
Alimony has been a hot-button family law topic for many months now. We noted that in a recent blog post, noting in our December 19 entry from last year President Trump's pledge to sign a congressional bill into law "before Christmas."
Stashing a few hundred dollar bills away for a couples trip to your favorite Air BnB is not what you would consider “hiding assets.” A marriage is a partnership. The expectation between two people in that union is that they share everything. Well, unfortunately, that is not always the case. It is estimated that more than 15 million people are hiding credit cards, checking accounts or savings from their live-in partners according to a study done by Bankrate. The financial services company found that hiding assets can have the same devastating effect as being unfaithful to your partner.
An understandable misconception held by many is that a so-called contested divorce occurring in Massachusetts or elsewhere is necessarily headed straight to a court for pitched battle and a judge-directed resolution.