Under Massachusetts’s law, marital property is divided equitably.
Massachusetts defines “marital property” as any property—be it income, assets, real estate, or everyday items—that comes into possession of the couple or either of the spouses individually during the course of the marriage. This could include trade secrets, stock holdings, and artistic creations. For individuals of high net worth, or those who make their living by possessing valuable intellectual property, it is especially valuable to have a prenuptial agreement in place to keep this property separate from that held in common in the marriage.
In deciding what is an “equitable” division of property, the court will consider a number of factors. These include if the divorce is no-fault or at-fault, the relative incomes of the parties involved, and the financial contributions made by each party during the marriage, including contributions made as a home maker and caregiver.
If you are seeking to protect your hard-earned assets from someone who wants more than his or her fair share, or if the value of your contributions to the marriage and household are being downplayed, call our office today to discuss your case. We’ll help you find peace of mind.