It is a common misconception that assets are split 50/50 during a divorce, so it is essential to have an experienced litigator who understands the complexities of asset division in the Commonwealth of Massachusetts.
Complex legislation in the Commonwealth of Massachusetts can affect asset division during divorce proceedings. While many firms have experience in asset division, members of DiPiano Family Law Group P.C. have literally written the book on the complexities surrounding this topic are known as experts among their peers.
Massachusetts follows equitable distribution rules, not community property rules. In Massachusetts, a judge will divide marital property equitably (fairly), but not necessarily equally.
“Marital property” includes any income, assets, and property acquired by either spouse during the marriage. It doesn’t include any “separate” property, which is all income, property, and assets owned by a spouse before the marriage. Separate property won’t be divided between the spouses in a divorce.
This is a long list, but here are some of the most common marital assets that are usually considered during a divorce: