Property division during a divorce in Massachusetts is done based on what is equitable, not what is equal. This means that property doesn’t have to be divided equally. Instead, the property division is based on what is just and fair. When it comes to couples who have amassed considerable assets the property division aspect of the divorce can become rather complex. We can help you to learn what you need to know to ensure that your rights are protected as you go through the property division process.
One aspect of a high-asset divorce that can pose a significant issue is the presence of stocks. Not only do you have to determine the actual value of the stocks, you also have to consider the type of stocks that are held. For example, stock options and restricted stocks must be handled in different ways because they are different assets.
Another consideration in a high-asset divorce is the value of any businesses or retirement accounts that are present. These considerations are on top of trying to determine who gets real estate, heirlooms, antiques, and other valuables. All of these assets must be considered carefully and weighed against the debts that each party will be liable for.
We know that you hate to think that the assets you worked so hard to get will be stripped away from you. While we can’t promise you that the property division will go exactly how you want, we can promise you that we will represent your interests. We know you don’t want to end up with hardly any assets while you have to pay for the majority of the debts.