Massachusetts Asset and Debt Distribution Attorney
Divorces can be messy affairs, especially when the divorcing couple accumulated various assets and debts over the course of their marriage. As such, when the couple decides to split, it can be difficult to determine who owes what and how much.
Vehicles, property, jewelry, investments, debts, and other financial matters need to be distributed in a fair and reasonable manner following a divorce, and for this reason, it is crucial to have an experienced Massachusetts asset and debt distribution attorney at your side and representing your interests in family courts.
Basics of Property Division in Massachusetts Divorces
Massachusetts law requires that all divorcing couples must divide property (assets and debts) in an equitable manner, which means that the division is fair but not necessarily equal. However, the couple can determine this division themselves and, if both parties agree, the courts will usually accept the division.
If the couple doesn’t agree on the division, they will have to negotiate a settlement in courts. In this case, the judge will examine all of the couple’s property (not just marital property) and decide upon a division in a fair and reasonable manner. Massachusetts is a “kitchen sink” state and doesn’t make a distinction between separate and marital property. Some factors that Massachusetts family law courts also take into consideration include:
- The age, health, and other circumstances in each spouse’s life
- Occupational skills, career history, and employability
- Amount and available sources of income
- Length of the marriage
- Present and future needs of children
- Presence of spousal misconduct that led to the breakdown of the marriage
It is important to note that cases of asset and debt distribution are always circumstantial, and there is really no formula that determines exactly how your property will be divided.
Attorney Robert H. Prince Fights for a Fair Division of Property
Fortunately, many divorcing couples in Massachusetts can quickly and effectively divide their property by themselves in a fair and reasonable manner. However, this is not always the case and, sometimes, the ex-spouse tries to take advantage of the other.
To ensure fair divisions of debt and assets, you need the legal guidance and supervision of Massachusetts family law attorney Robert H. prince. We ensure a personal, one-on-one legal approach where we put your interests at the forefront of our legal strategy. We employ aggressive litigation methods that are always professional and based on our long-standing integrity, and we will use our wide network of resources to make sure that your rights and interests are protected.
For a free consultation with Robert H. Prince, call our Massachusetts law office today by dialing (617) 721-9141.