Asset & Debt Division Attorneys in Hingham

Property Division Lawyers in Massachusetts

During a divorce, asset and debt division can be one of the most stressful topics that can arise. Whether you have concerns about losing specific property or you want to ensure that your assets and debt are separated equally, you should consult with a Hingham divorce lawyer.

Although lawmakers have made attempts to simplify the asset and debt division process, it can still create stress for you and your family. Our legal team at Kellem✶Mahoney Family Law & Mediation Group, P.C. is here to guide you through the divorce process and protect your assets.

How is Property Divided in Massachusetts?

Under Massachusetts law, all marital properties are supposed to be divided equitably. This means that it will not necessarily be a complete 50/50 split, but the division of assets and debt should be fair. If you decide to mediate your divorce, you will have the opportunity to sit down and discuss your existing property, assets, and debt and come to decisions which illustrate an equitable split. In the case that you go through litigation, the judge will decide on splitting marital property and debts.

The assets and debt which may be split include:

• Cash and savings accounts
• Checking accounts
• Valuables and art
• Retirement accounts
• Real estate
• Businesses

What constitutes marital property?

In Massachusetts, the courts divide marital property equitably. But what constitutes marital property? According to Massachusetts law, “marital” property includes anything acquired by either spouse during the marriage. Anything gained before the marriage is “separate” property and will not be considered. In other words, separate property cannot be divided by the court during divorce proceedings.

Seek Protection from an Experienced Hingham Divorce Lawyer

Whether you and your spouse are facing a contested divorce or mediation, our Hingham asset and debt division attorney can assist you. We work with other professionals when necessary to assist with the equitable distribution process, such as accountants and other individuals who can help with valuating your property and dealing with records. If you choose to seek an out of court settlement, we can guide you through the mediation process.