Property Division During Divorce: What Does 'Equitable Division' Mean For You?

In Massachusetts, marital assets are not necessarily divided equally, but instead must be divided equitably. An equitable division may give one spouse more or less than half of the assets depending on a number of factors including the length of the marriage, contribution to the acquisition and preservation of the assets, and conduct of the parties during the marriage among others.

Divorce-related issues are complicated in even the simplest situations, but if you have complex assets or a large marital estate, property division can be more complicated. You need to work with an experienced attorney who understands how to value different assets and the tax consequences of various property division options.

That is what you can expect from the Salem property and asset division attorneys at the law firm of Moniz & Mendes, P.C. When clients contact our firm, we take the time to understand their financial situation and all of the assets associated with their marital estate. We help clients make the best decision based on their immediate and longer-term interests. We offer clients in Essex County and surrounding locations in Massachusetts the legal counsel they need in property division matters.

Understanding The Tax Consequences Of Each Option

Not all assets are created equally. Although various assets may have a similar net worth, it is also important to consider the tax consequences that may be associated with dividing them. We work with appraisers, forensic accountants and actuaries to properly value the marital assets, and take into consideration the tax consequences in regard to property division. We have an in-depth understanding of various assets and experience with planning for tax consequences of marriage dissolution. We help clients equitably divide all marital property, including:

  • Real estate, including the marital home and investment properties
  • Bank accounts
  • Investment accounts
  • Retirement accounts, including IRAs, 401(K)s and pension benefits
  • Stock options
  • Family business assets

We understand the value associated with various assets, and we can help our clients divide their property in a way that achieves the best possible outcome.

Protect Your Property Interests. Call Us Today For A Free Consultation.

Contact us online, or call 781-350-4963 to schedule your free initial consultation with a lawyer who can help you make informed decisions about your situation.