Many potential divorcees may wonder if there are any advantages to being the first to file for divorce. After all, no one wants to be the spouse who is blindsided by a divorce petition. Besides being able to avoid the emotional anguish of being served out of the blue, there are some legal and financial advantages to being the first to the courthouse. This post will identify a few.
You worked hard for years to ensure that you and your spouse would have enough money to get you through your retirement. Things may suddenly change if you and your spouse decide to get a divorce.
Once you make the decision to get a divorce, you may feel emotionally overwhelmed and concerned about your finances. The process of divorce has a bad reputation for costing former couples thousands of dollars and requiring spouses to battle in court for months.
Many Massachusetts couples decide to sign prenuptial agreements before getting married in order to protect their assets in the event of a divorce. Property division is often the most complex part of a divorce and having an agreement in place ahead of time can make things much easier. Even "millennials," who are waiting longer to get married than other generations, are playing it safe when it comes to their finances. Many of these young people have built businesses and purchased properties and want to make sure they will hold on to those things even if their marriages end.
The divorce process in Massachusetts can be costly, especially if you and your spouse end up in a long, drawn-out court battle over property division, child custody and alimony issues. Even well-off couples may find themselves facing financial difficulties after getting divorced. However, there are ways to protect your finances and make sure that you have enough to live independently once you and your spouse have officially gone your separate ways.
Getting a divorce can be difficult, particularly if you have a number of assets to divide between you and your soon-to-be ex-spouse. Having a basic understanding of the divorce process in Massachusetts is essential to make sure your divorce goes as smoothly and quickly as possible.
According to numerous studies, older adults are getting divorced more than ever before. Many older couples find that once their children are grown up and out of the house, they no longer have anything in common. While divorce may seem like the easy answer, it can make your retirement more difficult.