Massachusetts Property Division Attorneys
How Are Assets Divided in a Divorce in Massachusetts
Property division is the process of determining how assets such as real estate, retirement accounts and investment accounts are divided between divorcing spouses. Determining how this is to be done, including the often-challenging issue of deciding what is marital property and what is shared non-marital property, can be extremely complex and difficult. This is why it is so important for our Taunton area to have the divorce and family law team at Percy Law Group, PC on your side. Our experienced attorneys will be there, at your side, to help ensure you get the best outcome for your future and your family's future.
Using the Rules of Equitable Division of Marital Assets to Your Advantage
In Massachusetts, all property acquired and income earned during a marriage is subject to the rules of the equitable division of marital assets and personal property. When a marriage is dissolved, the Massachusetts Probate Courts must make decisions regarding the distribution of property between former spouses. The court will sort out what is to be considered separate property (non-marital property) and what is to be considered marital property. Separate property usually remains separate and marital property is distributed equitably between both spouses.
The Massachusetts Probate Courts will take into consideration the circumstances surrounding the case and both parties. Our family law attorneys will stay by your side and fight for the best possible outcome in the division of your assets.
Separating Non-Marital Property: Winning the Battle for Our Taunton Area Clients
Our hard-working attorneys can help you understand how you can determine what a non-marital asset is and how best to convince the court it is a non-marital asset. Non-marital assets can be property:
- Acquired before marriage
- Acquired as inheritance, or gifts from a person other than the spouse
- Personal injury compensation
- Acquired in exchange for, or the increase in value of, separate property
- Considered separate according to a written agreement between the spouses
To assist us in best serving your needs, we utilize accounting experts and others in this field to help prove to the court what should be classified as separate non-marital property such as real estate, retirement accounts, investment accounts or other assets.
Businesses, College Degrees and Licenses: Unearthing Hidden Money
Businesses, degrees and licenses are all property subject to equitable division in Massachusetts. If a spouse's business was formed during the marriage, then it is considered marital property. If the business was created prior to marriage and continued on during marriage, then the marriage has an interest in the increase in value of the business.
Likewise, marital debt must also be divided when you prepare your divorce agreement. If the debt was incurred during the marriage, it is marital debt. It does not matter if that debt is in your name or your spouse's name.
Contact Our Massachusetts Family Law Attorneys Today
We are here to help. We will fight for you, and we won't stop fighting until we get the justice you deserve. That is our promise. We understand the difficult position you are in regarding property division and your need for our help. Our attorneys and staff are friendly, helpful and dedicated to answering any questions or concerns that you have throughout the process.
We are easy to reach and work with while keeping your bests interests in mind. Speak with our knowledgeable attorneys at Percy Law Group, PC We also have staff members who speak Spanish and Portuguese.
Call us toll free at (508) 206-9900 or contact our law firm online to schedule an initial consultation.