Massachusetts celebrity news fans may be interested to hear that Dennis Quaid has recently filed for divorce from his third wife. The filing follows a back-and-forth separation and divorce process that the couple has been going through since early this year. The couple has 4-year-old twins.
For many, coming to a financial settlement during the course of a divorce proceeding can be a stressful and difficult process. However, for many Massachusetts' residents who are facing a divorce, setting up a trust may be one way to ensure that their assets are protected. These trusts, if created before the marriage, can protect certain assets if they become subject to a property settlement dispute during the course of a divorce proceeding.
Experts have found that a large amount of mistakes made in a divorce proceeding come from the parties being too nice to each other. In many cases, this desire is based on the parties looking to leave the marriage with as little resistance as possible. However, this mentality can backfire on Massachusetts couples looking for a divorce and, according to many experts, can leave them in a disadvantaged situation.
Martial assets are getting harder and harder to hide from one's spouse in an effort to keep from sharing it during a divorce. Those spouses in Massachusetts who attempt to hide their funds in secret bank accounts or "forget" to tell a spouse about a property they own may find that the ruse will not be as successful as it may have been in the past. Electronic discovery is making it much simpler in divorce proceedings to unearth much of the secret activity.