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What You Need To Know About Property Division
While some divorces are bitter, adversarial and antagonistic, many other couples are able to set aside their feelings, and focus on a pragmatic approach to asset division. Reasonable people, regardless of how betrayed they feel by their estranged spouses, realize that a husband or a wife deserves respect and consideration in spite of hurt feelings and broken promises that have led the couple to divorce.
Are you facing divorce? The Ostendorf Law Group, PLLC, can answer your questions about how your property and assets will likely be divided in your divorce.
Free consultation: Learn more in a no-cost, no-obligation consultation with one of our attorneys for property division. Just fill out our contact form.
How Will Property And Assets Be Divided In My Massachusetts Divorce?
Asset division does contain some grey areas and complexities for many couples. It is a fundamental aspect of divorce that all assets, including household goods, bank accounts and other cash assets, real estate, vehicles and retirement accounts, must be divided equitably.
Common sources of potential conflict or challenge in property division include the following:
- Fair division of retirement accounts. QDROs can help to determine the value of portions of retirement accounts accumulated during a marriage.
- Fair division of stocks.
- Resolution of the question of alimony.
- Determining what types of asset division, spousal support and/or child support arrangements are most advantageous from a tax perspective.
- Evaluation of enforceability of any pre-existing premarital agreement.
- Complications such as bankruptcy, foreclosure and lawsuits.
At the law offices of The Ostendorf Law Group, PLLC, we usually represent clients in divorces on a flat-fee basis. Under this arrangement, our clients will be assured that they can contact their divorce attorney with questions and concerns without accumulating attorney fees.
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Call 508-761-0931 for a free consultation with one of our attorneys.