Recently, couples have been including so-called “lifestyle clauses” in their prenuptial agreements. Prenuptial agreements are contracts between spouses that specify the soon-to-be spouses’ respective property and financial rights during the marriage and in the event of divorce. Such agreements typically include terms that identify which of the spouse’s property would be considered “separate” and “marital”;…Read more
What will happen to my inheritance during the divorce?
In Massachusetts, any and all assets held by either party are subject to an equitable division between the parties at the time of divorce. This includes assets that were inherited by either party. In determining an equitable division of inherited assets, the Judge will consider: the size of the inheritance, when the inheritance was received,…Read more
Alimony Modification Limited for Some Long Term Marriages
The Massachusetts Supreme Judicial Court (SJC) recently decided three alimony cases dealing with divorce agreements/judgments that preceded the date the MA Alimony Reform Act went into effect on March 1, 2012. In all three cases, there was a request to terminate the alimony obligation because the new law changed the payor’s obligation to continue payment…Read more
Alimony Modification: Second Job Excluded from Calculation
A new Massachusetts alimony case was released by the Appeals Court on December 30, 2014 and shed some light on the modification of alimony. The Vedensky case involved a highly educated couple with significant earning capacity who divorced by agreement in 2006. The parties’ divorce agreement had terms that included both parties waiving any right…Read more