21 McGrath Highway Quincy, Massachusetts 02169
Facebook Twitter Linkedin Instagram

Bruce L. Watson & Associates

Powerful Divorce Representation. Compassionate Family Law Attorneys.

Call For A Free Consultation
617-773-4111
  • Home
  • Our Firm
    • Bruce L. Watson, Esq.
    • Christine Sunnerberg, Esq.
  • Client Reviews
  • Divorce Practice
    • Alimony
    • Child Custody
    • Child Support
    • Divorce
    • Divorce Modifications
    • Parenting Time
    • Paternity
    • Restraining Orders
  • Divorce Resources
  • Legal Blog
  • Contact us
    • Free Initial Consultation
Menu
  • Home
  • Our Firm
    • Bruce L. Watson, Esq.
    • Christine Sunnerberg, Esq.
  • Client Reviews
  • Divorce Practice
    • Alimony
    • Child Custody
    • Child Support
    • Divorce
    • Divorce Modifications
    • Parenting Time
    • Paternity
    • Restraining Orders
  • Divorce Resources
  • Legal Blog
  • Contact us
    • Free Initial Consultation

Is Massachusetts a 50/50 state when it comes to the division of assets in a divorce

The Commonwealth of Massachusetts is not a 50/50 state. When a court is needed to rule on the allocation of assets, they are not necessarily divided equally between the two parties. While some states mandate a 50/50 split, Massachusetts is an equitable division state.

Commonwealth laws dictate that the courts can decide on a fair division of assets regardless of who actually owned it. A court could declare that the division is 60/40, or 70/30, etc. Any assets are subject to division between the spouses, and not always equally. This includes inheritance, a spouse owned business, real estate, retirement accounts, etc.

Many factors are taken into account when determining the division of assets. The factors considered are tailored to the individuals involved. Some examples include the length of the marriage, the behavior of each party during the marriage, the health status of both parties, and the occupations of each party. Additionally, children, lifestyle, and specific needs of each party can be weighed when deciding on a fair division of assets.

Debts and tax responsibilities should also be considered when dividing assets. Keep in mind that not all assets have the same tax consequences. Retirement funds, for example, are generally before tax assets, and tax is paid upon distribution of funds. Additionally, debts are not divided into other assets.

The process of asset division during divorce is complicated. For help navigating this complex issue in Massachusetts, contact our firm for reliable legal advice.

asset division divorce
Previous StoryMissteps To Avoid In A High Net Worth Divorce
Next StoryHoliday Custody
Call Today: 617-773-4111

Categories

  • Client Reviews
  • Divorce Articles
  • Divorce Questions & Answers
  • DivorceNet Articles
  • General Posts
  • In The News

Tags

Alimony Annulment asset division bifurcation child custody Child Support civil union Co-parenting Collaborative Law Coronavirus COVID-19 date during divorce divorce divorce mediation divorce modifications DNA testing Domestic Abuse Estate Planning false allegations family law fault divorce grandparent custody gray divorce guardianship health insurance coverage High Net Worth Divorce Infidelity Joint Custody no-fault divorce Out-of-State Divorce Parenting Time paternity Protecting Assets separation agreements Tax Cuts and Jobs Act visitation

How May We Help You?

We offer a free initial consultation

Attorney Bruce L. Watson

Serving Greater Boston & South Shore region.

617-773-4111
21 McGrath Highway
Quincy, Massachusetts 02169
  • Home
  • Our Firm
    • Bruce L. Watson, Esq.
    • Christine Sunnerberg, Esq.
  • Client Reviews
  • Divorce Practice
    • Alimony
    • Child Custody
    • Child Support
    • Divorce
    • Divorce Modifications
    • Parenting Time
    • Paternity
    • Restraining Orders
  • Divorce Resources
  • Legal Blog
  • Contact us
    • Free Initial Consultation
Menu
  • Home
  • Our Firm
    • Bruce L. Watson, Esq.
    • Christine Sunnerberg, Esq.
  • Client Reviews
  • Divorce Practice
    • Alimony
    • Child Custody
    • Child Support
    • Divorce
    • Divorce Modifications
    • Parenting Time
    • Paternity
    • Restraining Orders
  • Divorce Resources
  • Legal Blog
  • Contact us
    • Free Initial Consultation
Facebook Twitter Linkedin Instagram
Copyright © 2023

by Attorney Bruce Watson · Quincy Divorce Lawyer · Attorney Marketing by Bardorf Legal Marketing

Email Us
close slider

Get A Case Evaluation

We are happy to provide a consultation to all first time clients.
Please complete the form below and we will contact you.