What Assets am I Entitled to in a Divorce?

Oftentimes, divorce is as much a financial issue as it is an emotional one. That is why when people are getting divorced, one of the first things they want to know is whether they can keep certain key assets, such as their home. We understand the magnitude of these questions, which is why we are here to help. Please read on and reach out to our experienced Massachusetts divorce attorneys to learn more about asset distribution and how we will fight to represent your best interests from beginning to end. Here are some of the questions you may have:

What happens in divorce litigation?

A contested divorce occurs when two spouses cannot agree on the terms of their divorce. Contested divorces generally enter litigation, which means that you and your spouse will have to attend sessions in court to hash out your differences, where both you, your spouse, and your attorneys will work to state your cases to win you the most favorable results possible. However, despite litigation being a traditionally more hostile means of resolving a divorce, it is often a financially taxing one as well.

When you enter litigation, your assets will be subject to the equitable distribution process. Essentially, this means that the courts will divide your marital assets as they see fit. First, they will determine what your marital assets are. Generally, marital assets are all assets accumulated throughout the duration of your marriage. These assets can include your house, any cars, retirement funds, yearly income, and more. On the flip side, separate assets are generally safe from the equitable distribution process. Separate assets are the assets you obtain either before or outside of your marriage. These can include gifts, previously-owned cars, and inheritances. However, there are exceptions on a case-by-case basis, so you must retain the services of an experienced attorney you can trust to fight for what is rightfully yours.

What factors will courts consider when determining who gets what?

Massachusetts courts will consider various factors, including the length of your marriage, whether you and your spouse have children, you and your spouse’s age and health, among other things. Additionally, they will consider financial aspects of your life as well, such as your yearly incomes, your earning capabilities, whether your children or spouse require financial support, and more. Our firm is ready to help–all you have to do is ask.

Contact our experienced Massachusetts firm

For over 30 years, The Law Offices of Cynthia L. Hanley, P.C. has provided quality legal support and representation for clients in Bristol County and all of Massachusetts. Our firm’s experience eases the stress of clients while providing the legal services they deserve. If you need help through a contested divorce, contact The Law Offices of Cynthia L. Hanley, P.C. for a consultation today.