When choosing to end one’s marriage, it can be easy or really hard to decide what one wants to get out of divorce proceedings. You may think you know what property you would like to keep when all is said and done, but what you get can affect other areas of your settlement. For couples in Massachusetts and elsewhere, the property division phase of divorce is not one that can or should be rushed through simply to get it completed.
One of the biggest property debates most couples will have concerns their marital homes. One spouse may want to sell while the other may want to keep the home, and some couples may both come to terms to sell the property. For those who choose to keep the home, this can greatly affect any potential spousal and child support, as well as how other items are eventually divvied out. To learn more about this, please visit our firm’s property division webpage.
The division of property does go beyond bank accounts and real estate. There are a number of other unique items and accounts that may also need to be divided. These include retirement funds, collections and marital debts. Again, how each of these are allocated can affect other areas of a divorce settlement.
The division of property can be difficult to figure out for divorcing couples in Massachusetts, especially when everything needs to be considered as a whole rather than individually. An experienced divorce attorney can help you see the bigger picture of a property settlement. By knowing how each individual item can affect your overall divorce settlement, you can make better informed decisions regarding what things you would like to receive in the end.