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Massachusetts divorce could benefit from financial review

Many people in Massachusetts are no strangers to the sometimes-contentious issues that can come up as a couple seeks to end their marriage. These can include a fight over child custody and support. For some with high assets, the divorce process typically includes dividing up the property obtained while a couple was married.

In one recent case that may be of interest to our readers in Massachusetts, two unemployed doctors are battling over many issues as they seek to end their marriage. The case is expected to go to a trial court in the coming weeks in the couple's home state. There, as would be the case for a similar situation in Massachusetts, the court will be asked to make decisions concerning many of the issues in the dissolution.

The couple is said to have not only a family home to divide, but also additional real estate, including a vacation home. In addition, there may be questions as to the money that one of the soon-to-be former spouses used to pay for the cost of the divorce as well as other expenses. As is the case in all such matters, full details of the pair's financial life will be presented to the court that will decide how to divide the assets.

Filing for a divorce means that those seeking dissolution must disclose all assets and liabilities. This information is used by not only the spouses but also the court to determine how to divide the marital property between the separating spouses. To ensure a fair result, many find it helpful to take such steps as creating a worksheet detailing finances before seeking to end their marriage.

Source: Grand Forks Herald, "Divorce trial begins Monday for surgeon acquitted of sexually assaulting wife," Mike Nowatzki, Jan. 13, 2013

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