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Showing posts from September, 2016

3 Tips for a Peaceful Divorce

I was recently invited to collaborate on an expert panel and share some insights on how to prepare for divorce and keep it peaceful. Here is what I added: The experience of a peaceful divorce does not happen by chance or by accident. It is a choice that you make and the good news, even in divorce, is that you have a choice. Here are a few tips to help you choose peace over war when getting divorced: 1. Choose a process, don't let the process choose you. While many people think litigation is the only option in divorce, there are many process options that can be tailored to your family's needs. Mediation, collaborative law, and outside-of-court attorney negotiation are all more flexible options than court. Learn about all the options before you choose one. 2. Preferences before positions. It is a common mistake to jump to conclusions about what you want before you have all the information. Instead of saying "I want the house" or "I think this mu

Trusting the Trust: the Pfannenstiehl Redux

Guest Post from Beth Aarons* Massachusetts estate planners enjoyed a collective sigh of relief as the Supreme Judicial Court (SJC) agreed to further appellate review of the Pfannenstiehl’s plight to determine whether the husband’s interest in his family’s trust should be divisible as a marital asset during divorce.  The SJC issued an opinion that such a trust should not be divided as part of the marital property.  [ SJC-12031 ] When the Pfannenstiehls appeared in case law three years ago, the MA Appeals Court had upheld the Probate and Family Court’s determination that the husband’s one-eleventh fractional beneficial interest in his family’s trust balance (there were 11 living beneficiaries at the time) was a marital asset, with 60% of his one-eleventh share to be paid to the wife as part of the property division in their divorce.  The class of trust beneficiaries was open to include any future descendants of the donor, but the lower court used the existing number of beneficiar

Does Settlement Counsel Help or Hurt Clients?

Guest post from Rackham Karlsson. * A man goes to the doctor with chest pain. The doctor finds a small growth next to his heart. The growth can be removed, but it’s a very delicate operation due to the location. The doctor offers the man the choice of two surgeons: Surgeon A is highly specialized. She has extensive experience with this type of surgery and has a tremendous success rate. “However,” the surgeon says, “Because I’ve chosen to focus my work on this type of surgery, there is a chance that we would want to bring in another surgeon if something goes wrong during the procedure. I don’t expect it, but it could happen.” Surgeon B is a generalist, a Swiss Army knife of surgeons. He has some experience with this type of surgery, but it’s not the focus of his practice. “I can handle any situation that comes up during the surgery,” he boasts. “I wouldn’t want you to limit your options and have to change surgeons in the middle of the procedure.” Which surgeon would you choo