Posts Tagged division of assets

Is Massachusetts a 50/50 state when it comes to the division of assets in a divorce?

The Commonwealth of Massachusetts is not a 50/50 state. When a court is needed to rule on the allocation of assets, they are not necessarily divided equally between the two parties. While some states mandate a 50/50 split, Massachusetts is an equitable division state.

Commonwealth laws dictate that the courts can decide on a fair division of assets regardless of who actually owned it. A court could declare that the division is 60/40, or 70/30, etc. Any assets are subject to division between the spouses, and not always equally. This includes inheritance, a spouse owned business, real estate, retirement accounts, etc.

Many factors are taken into account when determining the division of assets. The factors considered are tailored to the individuals involved. Some examples include the length of the marriage, the behavior of each party during the marriage, the health status of both parties, and the occupations of each … Read More »