Understanding Divorce Property Division in Massachusetts Divorce is undoubtedly a challenging experience, and navigating the complexities of property division can add significant stress. In Massachusetts, understanding the legal framework and potential strategies is crucial for securing a fair outcome. Massachusetts operates under the principle of equitable distribution , which doesn't necessarily mean a 50/50 split, but rather a division that is fair and just based on the specific circumstances of the marriage. ⚖️ What is Considered Marital Property? Identifying marital property is the first key step. Generally, marital property includes all assets acquired by either spouse during the marriage, regardless of whose name is on the title. This can include: 🏠 Real estate (houses, land) 💰 Bank accounts and investments 🚗 Vehicles 💼 Retirement accounts (401(k)s, pensions, IRAs) 📈 Stocks and bonds 🏢 Business interests 💎 Personal proper...
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