Dividing Your Marital Property
Even in amicable divorces, division of property can quickly become very complicated. At Reade Law Firm, PC, we work closely with our clients and their spouses to reach fair agreements about marital property division during the divorce process. We believe that the best outcome is one that you play a part in creating, so we attempt to resolve issues out of court if possible.
While your home is likely the most valuable asset in your marriage, the division of property may include a wide range of assets and debts. Property that is subject to division may include:
- 401(k)s, IRAs, and other retirement accounts
- Homes and other real estate
- Business interest and business valuation
- Bank accounts
- Vehicles, boats, and recreational vehicles
- Inheritance
- Time-share properties
- Artwork and other collectibles
Massachusetts is an equitable distribution state, meaning that marital property and debt should be divided fairly (though not necessarily evenly) during divorce. All property is subject to division, regardless of when or where the property was acquired, or by whom. For example, a bank or investment account in your name may not necessary remain yours in the divorce settlement.
Experienced Counsel For Complex Financial Situations
Property division issues often require the expertise of financial specialists, including appraisers, business valuators, and forensic accountants. We will consult the necessary specialists to make sure all of your assets are valued correctly. In negotiating the division of property, we will focus on what is most important to you, looking for creative solutions to protect what matters most. At the same time, you can count on us to give you realistic expectations about how your property will be divided.
Schedule An Appointment To Discuss Your Situation With An Attorney
We offer all prospective clients a consultation so they can learn more about our approach to family law and how we can help. Call Reade Law Firm, PC, at 978-767-4667 or send us an email to schedule an appointment with a lawyer at our Peabody office. We recommend that you come to your appointment with at least a general idea of the assets and debts that you and your spouse have.