Quincy Property Division Lawyers
What Property Is Subject To Division?
Marital property is all property acquired during the marriage. It is subject to division, regardless of whose name is on the title. Marital property can include the family home, cars, bank accounts, retirement accounts, family-owned businesses or business interests, and more. Debt accumulated during the marriage is also subject to division.
Separate property is all property acquired prior to the marriage or during the marriage by gift or inheritance. In Massachusetts, judges have the right to divide separate property, although this property typically remains in the possession of the spouse who initially held it.
How Is Property Divided?
All property is subject to equitable division. Equitable does not necessarily mean equal, but a 50-50 division of property is appropriate in many situations. In other cases, it may make more sense for one party to get a larger portion of the property. This decision will be based on a variety of factors, including each party’s income and employment opportunities.
Division Of Asset Attorneys Serving Boston
Our lawyers’ goal is to reach a fair property settlement so you will be in a good position to move forward with your life after divorce. Our law firm is conveniently located in Quincy, just 12 miles from downtown Boston. Call 617-221-3548 or email today.