Division of Property
Equitable Division of Property
Quick Review Before ESOPs Explained During your Massachusetts divorce, one important part of the process is the Equitable Division of Property. In my work as a lawyer and divorce mediator, I’ve noticed that clients seem to have a lot of misconceptions about dealing with property during divorce. Property includes three major types – real property,…
Read MoreLeased Vehicles During a Divorce
Asset or Liability? A leased automobile is considered a liability. When you lease a vehicle, it is yours to use until the lease expires. For this, you make a monthly payment. You never actually own the car, and when the contract ends, you must take it back to the dealer who leased it to…
Read MoreHow Secured Liabilities and Joint Debt Are Handled in a Divorce
Clients of a Westwood family law attorney often have questions about secured debt following a divorce. Understanding Secured Debt and Why It Is Customarily Joint Debt During divorce, property division is a major consideration. In Massachusetts, property division, including debt, must be equitable – meaning the distribution of assets and liabilities must be fair. The court considers…
Read MoreStrategies for Asset Division
Separating shared assets during divorce is not always simple, especially when a significant portion of time passes between the date of separation and the date of divorce. Luckily, an established Norwood family lawyer may be able to assist soon-to-be ex-spouses with quickly and equitably separating assets. Complications to Asset Separation Many factors can complicate asset division. For…
Read More